Status: Active
Super Profitable Pet Business in Tampa - Listing #: 54679
| Listing No: BBF-966-54679 |
|
| |
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| Category |
: |
Animals/Pets |
SIC |
: |
5999 |
|
| Detail |
: |
Pet Shop |
Price |
: |
5,150,000 |
|
| County |
: |
Pinellas |
Down |
: |
515,000 |
|
| State/Prov |
: |
Florida |
Disc Earn |
: |
1,469,288 |
|
| Country |
: |
USA |
Sales |
: |
5,613,827 |
|
|
This franchised Pet Store is one of the top five in the county and has room to grow with new ownership. The current owner runs it from a different city. A local new owner should be able to increase the profitability fairly significantly.
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| Reason for Sale |
: |
Other Business Interests |
| General Location |
: |
Tampa Bay Area |
| Organization Type |
: |
Corp 'C' Hours Owner Works: 5 |
| |
: |
Years Established: 6 Years Owned: 6 Emp FT: 30 Emp PT: 0 Mgrs: 3 |
| Non Compete |
: |
Miles: 3 Years: 125 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs |
: |
M-S 10-9 |
| Skills/Licenses |
: |
None |
| Business |
: |
Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source |
P/L Statement |
P/L Statement |
P/L Statement |
|
| Year (Cash Flow) |
2023 (N) |
2022 (N) |
2021 (N) |
|
| Gross Revenue |
5,613,827 |
7,295,933 |
9,277,102 |
|
| Cost of Goods |
1,639,246 |
2,225,372 |
3,116,036 |
|
| Gross Profit |
3,974,581 |
5,070,561 |
6,161,066 |
|
| Expenses |
3,151,570 |
3,616,126 |
5,400,481 |
|
| Net |
823,011 |
1,454,435 |
760,585 |
|
| Owner Salary |
178,175 |
247,836 |
252,413 |
|
| Benefits |
97,528 |
74,989 |
224,538 |
|
| Interest Expense |
79,914 |
99,852 |
113,104 |
|
| Depreciation |
0 |
0 |
268,933 |
|
| Other |
2,058 |
5,404 |
50,128 |
|
| Discretionary Earnings |
1,180,686 |
1,882,516 |
1,669,701 |
|
| Accounts Rec |
0 |
N* |
Real Estate |
0 |
N* |
| Inventory |
100,000 |
Y* |
___________ |
0 |
N* |
| F F & E |
225,000 |
Y* |
Total Assets |
325,000 |
Y* |
| Leasehold |
0 |
N* |
| *Included? |
|
| Lease/Month: 19680 |
Square Footage: 6000 |
Building Type: Shopping Center |
| Terms & Options: New long-term lease avail |
Expiration Date: 8/30/2031 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs |
Down Payment and Financing |
| Purchase Price |
5,150,000 |
|
Down Payment |
515,000 |
| Working Capital |
50,000 |
|
Loan/Assumable |
0 |
| Loan Fees |
20,000 |
|
Loan/Seller |
0 |
| Closing Costs |
10,000 |
|
Loan/Other |
4,715,000 |
| Total |
5,230,000 |
|
Total |
5,230,000 |
| Loan/Assumable |
- Amt: |
0 Mos: |
0 Rate: |
0.00 Mo Pmt: |
0.00 |
|
| Loan/Seller |
- Amt: |
0 Mos: |
0 Rate: |
0.00 Mo Pmt: |
0.00 |
|
| Loan/Other |
- Amt: |
4,715,000 Mos: |
120 Rate: |
10.50 Mo Pmt: |
63,621.85 |
|
| JOSEPH ALTER |
Office |
: |
(855) 969-3534 |
|
| BROKER |
Fax |
: |
|
|
| |
Home |
: |
(239) 849-9334 |
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| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS |
Cell |
: |
(239) 849-9334 |
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| 2640 GOLDEN GATE PARKWAY, SUITE 204 |
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| NAPLES, FLORIDA 34105 |
Email |
: |
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| USA |
Home Page |
: |
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