Active
Super Profitable Pet Business in Tampa
| Listing No: BBF-966-54679 | |
| 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. |
| 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 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
The information to follow will not show on BLI.
Listed By: Joe Alter
Background information
Reference:
54679
Finance
Sales:
$5,613,827
Profits:
$1,469,288
Profit type:
Discretionary Earnings
Price and terms
Price:
$5,150,000
Down payment:
$1,100,000