Active
Three store Petland Territory in Memphis
| Listing No: BBF-966-54500 | |
Public Pictures:  |
| Category | : | Animals/Pets | SIC | : | 5999 | |
| Detail | : | Pet Shop | Price | : | 1,200,000 | |
| County | : | Shelby | Down | : | 120,000 | |
| State/Prov | : | Tennessee | Disc Earn | : | -159,012 | |
| Country | : | USA | Sales | : | 2,093,681 |
|
This Petland store had been around for 24 years and had been selling a bit of everything, everything from birds, fish, cats and some puppies. in 2022, a new owner wanted to make this more profitable by focusing on the puppies which drive revenue and gross margins. The list price includes a territory that will support two more stores in the Memphis area. |
| Reason for Sale | : | Relocation |
| General Location | : | Memphis, TN |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 24 Years Owned: 1 Emp FT: 15 Emp PT: 0 Mgrs: 2 | |
| Non Compete | : | Miles: 5 Years: 150 Weeks Training: 2 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 11am - 9pm Saturday & Sunday 11am -8pm |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: N Should Qualify For Visa: Y |
| Data Source | Trailing 12 Mos | |||
| Year (Cash Flow) | 2023 (N) | (N) | (N) | |
| Gross Revenue | 2,093,681 | 0 | 0 | |
| Cost of Goods | 699,978 | 0 | 0 | |
| Gross Profit | 1,393,703 | 0 | 0 | |
| Expenses | 1,552,715 | 0 | 0 | |
| Net | -159,012 | 0 | 0 | |
| Owner Salary | 0 | 0 | 0 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other | 0 | 0 | 0 | |
| Discretionary Earnings | -159,012 | 0 | 0 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 175,000 | Y* | Total Assets | 275,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 9675 | Square Footage: 4080 | Building Type: Shopping Center |
| Terms & Options: New long-term lease avail | Expiration Date: 4/30/2036 |
| 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: | 1,080,000 Mos: | 120 Rate: | 11.50 Mo Pmt: | 15,184.31 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| 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 |
Listed By: Joe Alter
Background information
Reference:
54500
Finance
Sales:
$2,093,681
Profits:
-$159,012
Profit type:
EBITDA
Price and terms
Price:
$1,200,000