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Very Profitable Pet Store in S.W. Florida


Category :  Animals/Pets SIC :  5999  
Detail :  Pet Shop Price :  2,700,000  
County :  Lee Down :  270,000  
State/Prov :  Florida Adj Net :  797,195  
Country :  USA Sales :  3,773,610  

Pet Store with over $700K in EBITDAThis Big Box Pet Store is located in S.W. Florida and operates on very high margins of over 63% for 2018. The store sells Puppies, Pet Food, Accessories, Fish and Reptiles. The owners put in less than 15 hours a week because they have four experienced and competent managers running the store day to day. This is a plug and play acquisition for an owner/operator who prefers a semi-absentee business. Contact Sunbelt Broker Joe Alter for more information.

 

Reason for Sale :  Retirement
General Location :  S.W. Florida
Organization Type :  Corp 'Sub S'     Hours Owner Works: 15
  : Years Established: 19  Years Owned:  19  Emp FT:  22  Emp PT:  5  Mgrs:  4
Non Compete :  Miles:  3  Years:  100  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  M-S 10-8 Sun. 11-6
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 Tax Return Tax Return Tax Return  
Year (Cash Flow) 2018 (N) 2017 (N) 2016 (N)  
Gross Revenue 3,773,610 3,629,640 3,157,152  
Cost of Goods 1,574,825 1,552,105 1,495,961  
Gross Profit 2,198,785 2,077,535 1,661,191  
Expenses 1,490,735 1,342,559 1,170,406  
Net 708,050 734,976 490,785  
Owner Salary 30,000 30,000 30,000  
Benefits 56,329 57,040 61,827  
Interest Expense 1,408 0 713  
Depreciation 1,408 1,408 1,408  
Other 0 0 0  
Owner Benefit 797,195 823,424 584,733  

Accounts Rec 68,000 N* Real Estate 0 N*
Inventory 200,000 Y* ___________ 0 N*
F F & E 131,625 Y* Total Assets 461,625 Y*
Leasehold 130,000 Y*
*Included?  

Lease/Month: 12326 Square Footage: 6000 Building Type: Strip Center
Terms & Options: New long-term lease avail Expiration Date: 4/18/2020

Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  270,000  Mos: 60  Rate: 7.00  Mo Pmt: 5,346.32  
Loan/Other - Amt:  2,160,000  Mos: 120  Rate: 7.75  Mo Pmt: 25,922.30  

JOSEPH ALTER Office :  (855) 969-3534  
ASSOCIATE Fax :  (866) 985-8735  
  Home :  (239) 849-9334  
SUNBELT BUSINESS BROKERS NAPLES & FT. MYERS Cell :  (239) 849-9334  
1415 PANTHER LANE SUITE 232        
NAPLES, FLORIDA 34109 Email :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 



Puppy6

Background information

Reference:

NAPFL001-N37

Year established:

2000

Reason selling:

Retirement

Finance

Sales:

$3,773,610

Profits:

$735,738

Premises

Facility:

The 6000 SF store is located in a busy shopping center with alot of traffic passing the store in all four directions. There is a 5 year option available or a new lease can be drafted.

Square footage:

6000

Rent and lease terms:

Buyer can take over existing lease which has another 18 months left plus a 5 Year extension or draft a new lease.

Location:

Store draws from a wide area due to their marketing efforts and their reputation for selling beautiful puppies.

Price and terms

Price:

$2,700,000

Down payment:

$2,700,000