Status: Active
Super Profitable Pet Business in Tampa - Listing #: 54679

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 :  [email protected]  
USA Home Page :  sunbeltofflorida.com  

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