This leading dog day care operation has been in business for many years and has built up a large base of loyal of customers. The current owner is planning to retire and is looking for a qualified and energetic individual or couple to take over the business. The owner is available to work with the new owner(s) for an extended period to ensure a smooth transition and to help grow the business.
The day care building was custom built in 2009 and is large and well equipped with over 5,600 sq ft of space. The services offered include daycare, boarding, and obedience and agility classes. The facility is also available for rental for trials, events and birthday parties. The business has an independent dog groomer that offers small and medium size dog grooming. There is a professional built website and is the staff are active on social media i.e. Facebook and Instagram.
Average annual revenues been in the $300K in the past several years and there is significant potential for business growth. Seller's Discretionary Earnings pre COVID was in the $50K range. This is after deducting $50K equivalent rent as an operating expense.
The company owns the building, and this can also be purchased. A new appraisal needs to be done following significant upgrades three years ago and given recent increases in real estate values. However, it is expected a new appraisal would come in below $500K.
Asking price is $150K plus the value of net working capital at closing. This does not include the building. If the business is being purchased without the building the owner will enter into a long-term lease with the new owner(s) at fair market rent.
Inquiries can be made by contacting Richard Fewell @ Sunbelt Business Brokers
Seller Reference #HALIFNS001-N576
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