MergerPlace

Successful Dog Grooming Business

Idaho (Ada)


  • Asking Price: $70,000
  • Gross Income: $95,340
  • Cash Flow: $27,788
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $3,400
  • Listing ID: #209908
  • Established: 2001
  • Employees: 2 FT / 1 PT

Business Description

This successful pet grooming business has been established for 17 years and demonstrates utmost care for its clients. Dogs are groomed by experienced groomers who pay extra attention to detail of the cut.

Additionally, for the do-it-yourselfers, the facility offers wash and groom stations for the pet owner to bathe, trim and shave their furry friends. This facility makes dog grooming easy with professional grooming tools, baths and dryers. Aprons are provided and there are bathing stations that make it easy to get even the biggest pet in or out. The staff provides instruction on how to use the various grooming equipment. This well-established, profitable business is in a desirable and easily accessible location. The business has a good reputation for quality service and a loyal customer base.

An ideal buyer is someone who loves dogs and has a passion for business marketing and sales. With the “humanization” of our furry friends, pet owners spent $65 billion in 2016. The US pet care services industry includes about 16,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4.5 billion. There is a lot of upward opportunity in this industry for a marketing oriented business owner.


Business Details

Primary Business Category: Services - Other Services
Location: Idaho
County: Ada

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT / 1 PT

Financial Information

Asking Price: $70,000
Gross Revenue: $95,340
Cash Flow: $27,788
FF&E: $3,400
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

This is a leased facility with a monthly triple net rent payment of $1,669. The lease term expires March 31, 2019. It is anticipated that the landlord will negotiate with a new owner for an extended lease period. Tenant pays: lease rate plus taxes, insurance, utilities, CAM, operating expenses and maintenance expenses. This lease is included as an expense in the business financials.

Growth & expansion opportunities:

According to First Research, demand is driven mainly by the number of cats and dogs kept as pets, which is affected by demographics and economic conditions. The profitability of an individual pet care company depends on marketing skills, reputation and the range of services offered. Large companies enjoy economies of scale in marketing as well as better access to capital to invest in boarding and grooming equipment and in training programs. Small practices can compete effectively by specializing in particular animals or types of grooming or training, or by serving an exclusive area. The pet care services industry is projected to add more than 10,000 jobs and log at least 15% employment growth through 2019, according to CareerBuilder.

Competition:

Typically, customers in this industry are multiple pet owners. While many families own one or more animals, pets are most popular among empty-nesters, single professionals and couples who are delaying having children. These groups tend to have more spare time and financial resources. · Pet owners with unlimited disposable incomes have driven industry revenue to new heights in recent years. · The spending power of the millennial generation and their love of animals will steer the pet care industry, specifically those who provide boarding, pet sitting, and travel products. · Driving growth at the premium end of the market, consumers are spending more on their pets. · More pet owners want their dogs and cats to have fun and engage with other animals during the day, whether it's while they work or just to give pets more time with their own kind. · Because owners want their pets to be pampered, high-end specialized grooming services are growing in popularity.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. No special training or licensing required. Professional Grooming • For when you don't have the time to "do-it-yourself" or when you want that "show-cut" • Grooming and Bathing • Teeth brushing • Nails Only • Knowledgeable, experienced groomer • All-breed grooming • Grooming with a soft touch and TLC so your dog learns to associate grooming as a "good thing” Do-It-Yourself Grooming • Easy-in/easy-out professional bathing/drying stations • Professional grooming clippers • Professional grooming tables • Knowledgeable staff shows you how to use the equipment • Informative wall charts with instructions • Aprons to help keep you clean and fur-free • Soft, absorbent drying towels • Professional grooming dryers

Contact Business Seller

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Business Listed By:

Sheila Spangler

Murphy Business Brokers