MergerPlace

Motivated Seller!

California


  • Asking Price: $300,000
  • Gross Income: $1,000,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $160,000
  • FF&E: $289,000
  • Listing ID: #211977
  • Established: 2018
  • Employees: 6FT/3PT

Business Description

Seller's family medical crisis requiring relocation presents a unique buyer opportunity to acquire a brand new, fully equipped pet specialty retail store at below cost. This pet specialty food and supplies store is the first franchise location in northern California. New construction, all new f,f & e, fully stocked inventory, 10 year franchise and 10 year lease agreements in place. Store opened in July 2018 and is already operating at $25,000 sales per week. Reporting data from 26 franchised stores open less than one year show average weekly sales of $29,319 and annual gross sales of over $1.5 million. Annual sales for stores open 2-3 years is over $2.1 million. Owner invested $772K out of pocket to open the store in July 2018 and is offering the complete business at $300K, including $160K in Inventory, $140K in Leasehold Improvements and $289K in F,F&E.


Business Details

Primary Business Category: Retail Trade - Pet Supplies
Location: California

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 6FT/3PT

Financial Information

Asking Price: $300,000
Gross Revenue: $1,000,000
FF&E: $289,000
Inventory: $160,000
Seller Financing Available: No

Property Information

Facilities:

7,500 sq. ft. $15,642/mo. rent + $4,111 NNN 10 Year Lease

Reason for selling:

Family terminal illness forces owner relocation to East Coast

Support & Training:

Provided by Franchisor

Contact Business Seller

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Business Listed By:

Jack Flowers

Business Team