MergerPlace

Pet Store, Pet Grooming,

Wyoming (Washakie)


  • Asking Price: $398,000
  • Gross Income: $160,483
  • Cash Flow: $21,396
  • Real Estate: $352,000
  • Inventory: $27,155
  • FF&E: $1
  • Listing ID: #209243
  • Established: 2013
  • Employees:

Business Description

Pet Store, Grooming, Potential Veterinary Clinic (has been so used in the past) and two unit Residential Rental Property in the heart of the Big Horn Basin, Wyoming. This is a wonderful opportunity for a person or family that enjoys pets and would like to live next to the store in one of the rentals, or have two rental properties right next to the business. The income from the rental properties has not been offset for rents in the Pet Store pro forma income. So the buyer has the potential of increased income form the rental properties over and above the pet store revenue. Owner would like to sell the Real Estate with the business. Price for the business is $46,000, price for the Real Estate (two buildings on one lot) $352,000, total price for the package is $398,000.


Business Details

Primary Business Category: Services - Other Services
Location: Wyoming
County: Washakie

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $398,000
Gross Revenue: $160,483
Cash Flow: $21,396
FF&E: $1
Inventory: $27,155
Real Estate: $352,000
Seller Financing Available: Yes

Property Information

Facilities:

This offering is for two buildings on a 7,726 sq ft lot zoned commercial mixed use in the heart of the Big Horn Basin, Wyoming next door to the Taco Johns restaurant. The first building houses the retail business. Building number one is one floor, approximately 1933 sq ft (subject to verification) wood frame on slab built in 2013 as a retail pet store in the front and a veterinary clinic or other service such as holistic medicine or expanded grooming in the back. The building is in very nice condition. Retail and grooming area are in the front of the building, in the back is the owners office, the air handlers, hot water system, newly remodeled bathroom, storage area and remodeled veterinary clinic or other service area with separate rear entrance and overhead door. Approximately 12 retail parking spots. The second building (the Rentals) started life as an older home, originally built in 1928, the building has been used in the past as a commercial building and was last known as the Hair Hut. The owner remodeled the building, leaving the utilities and plumbing for sinks and electric behind the walls and turned it into a two unit very nice modern residential rental property approximately 912 sq ft upstairs and 912 sq ft down (subject to verification). Estimated rental for the upstairs unit $750 per month and the down stairs has historically and is currently leased for $450 per month. The rental or potential rental from the residential property has not been included in the business revenue. Potential additional income from renting both units $14,400 annually. All of the sinks, dryers and sign are available if the buyer would like to convert the rental back into a salon.

Growth & expansion opportunities:

The business retail should see significant growth with the implementation of the new on-line store. The grooming portion of the store continues to grow. With the incorporation of a veterinary clinic or other pet health operation in the back, the store can continue to grow. There is a strong need in the area for a pet pharmacy including demand from the agricultural side to purchase vaccines and other pet pharmaceuticals over the counter. The buyer has the option of living in one of the rental units or leasing one or both out and to increase the overall revenue of the business. Additional potential revenue for the upstairs unit is estimated at $750 / month or $9,000 per year. Current revenue for the downstairs unit is $450 per month or $5,400 per year. Total potential additional revenue $14,400 / year and that number is contained in the proforma as rents.

Competition:

No direct competition in a 100 mile circle. The local grocery store and Co-Op sell generic pet food and some toys.

Reason for selling:

Owner is ready to retire.

Support & Training:

Will train for 4 weeks @ no cost The Pet Store caters to pet owners that enjoy shopping for and caring for their pet. It is one of those traditional shops that we remember from our childhood. Not a big chain store. The owner is there to say hello when you walk in. The air is full of the pleasant chatter of parakeets and love birds. The smell of fresh shavings. Specialty pet food, toys and accessories line the walls. Lovable pet ferrets, bunnies, tortoises, parakeets and fish are there to dream about. A large grooming area with two experienced groomers, sink and washer and dryer. The far back is a newly remodeled area that has been used for and is ideal for a small veterinary clinic or other service area.

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Business Listed By:

Joe MacGuire

Murphy Business Brokers