Status: Active
Franchised Pet Store with High Margins - Listing #: 54500
| Listing No: BBF-966-54500 |
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Public Pictures: |
| Category |
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Animals/Pets |
SIC |
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5999 |
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| Detail |
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Pet Shop |
Price |
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400,000 |
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| County |
: |
Shelby |
Down |
: |
Negotiable |
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| State/Prov |
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Tennessee |
Disc Earn |
: |
273,000 |
estimated |
| Country |
: |
USA |
Sales |
: |
1,970,974 |
2023 |
This Petland store opened in 2021 and has been growing their revenue each year to get to profitability. In their first year (2022), the revenue was $1.2MM which grew to over $1.9MM in 2023. This year is trending to beat $2.3MM by the end of 2024. The current owner has now hired/trained three managers who are able to run semi-absent from a different city. Seller financing is available at 6% interest rate.
| Reason for Sale |
: |
Relocation |
| General Location |
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Memphis, TN |
| Organization Type |
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Corp 'Sub S' Hours Owner Works: 40 |
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: |
Years Established: 3 Years Owned: 1 Emp FT: 15 Emp PT: 0 Mgrs: 1 |
| Non Compete |
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Miles: 5 Years: 150 Weeks Training: 2 Cost: $0 |
| Operating dys/hrs |
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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 |
| Accounts Rec |
0 |
N* |
Real Estate |
0 |
N* |
| Inventory |
70,000 |
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 |
| JOSEPH ALTER |
Office |
: |
(239) 849-9334 |
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| BROKER |
Fax |
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Home |
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(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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