Franchised Pet Store with High Margins
- Price $400,000
| Listing No: BBF-966-54500 | |
Public Pictures:  |
| Category | : | Animals/Pets | SIC | : | 5999 | |
| Detail | : | Pet Shop | Price | : | 400,000 | |
| County | : | Shelby | Down | : | Negotiable | |
| State/Prov | : | Tennessee | Disc Earn | : | 273,000 | estimated |
| Country | : | USA | Sales | : | 1,970,974 | 2023 |
This Petland store opened in 2021 and has been growing their revenue each year to get to profitability. In their first year (2022), the revenue was $1.2MM which grew to over $1.9MM in 2023. This year is trending to beat $2.3MM by the end of 2024. The current owner has now hired/trained three managers who are able to run semi-absent from a different city. Seller financing is available at 6% interest rate.
| Reason for Sale | : | Relocation |
| General Location | : | Memphis, TN |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 40 |
| : | Years Established: 3 Years Owned: 1 Emp FT: 15 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 5 Years: 150 Weeks Training: 2 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 11am - 9pm Saturday & Sunday 11am -8pm |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: N Should Qualify For Visa: Y |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 70,000 | Y* | ___________ | 0 | N* |
| F F & E | 175,000 | Y* | Total Assets | 275,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 9675 | Square Footage: 4080 | Building Type: Shopping Center |
| Terms & Options: New long-term lease avail | Expiration Date: 4/30/2036 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |