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Canine Boarding and Kennel with Real Estate
NCListing DetailsOffice ID: PETS1
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $615,000
Gross Revenue: $351,335
Cash Flow: $184,157
12 Month Forecast: $386,000
Forecasted Cash Flow: $210,000
Inventory: $1,250
Inventory Included: Yes
FF&E: $30,000
FF&E Included: Yes
Sale Price: $575,000
Acreage: 1.5
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
This business plus building has been pre-approved for SBA financing.  Qualified buyer with 25% downpayment eligible for $6,400 per month payments. Seller will provide financing to comply with SBA guidelines.
Minority Owned: Yes
Reason for Sale:
Seller has other business interests.
Training:
Seller will provide adequate transition assistance at no additional cost. Longer term consulting or part-time employment may be an option.
OperationsYear Established: 2004
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 5
Employees (contractors): 1
Managers: 1
Business Hours: M-F 7:30-12, 2-6; Sat 8-12;4-6; Sun 7:30-10;3:30-6
Summary
Business Description:
The business currently provides boarding, daycare and training services catering towards dogs.  The facility offers indoor/outdoor runs and a private room for small dogs that can be converted into a cat room or grooming room.  The facility also features a 2000 square foot indoor playroom/training room and multiple large fenced yards with built in wading pools and playground equipment.  In addition, there is a large room available for retail, an isolation room, private office and storage shed. The business offers an option to customize a pet’s boarding stay with a range of activities, grooming, medication dispensing and training.  The business is a turn-key operation with bookings in place for future boarding stays.  
Historical Summary:
The business was started in 2004 by the current owners and has become a well-known business in the local community.
Owner Qualifications:
New owner should possess general business skills such as accounting, marketing, employee/vendor management.  A love for animals is a must.
Competition:
There are several area businesses that could be considered competitors, however the amount of demand exceeds current supply and this businesses rates are not the highest in the market.
Potential Growth:
Currently, only dogs are accommodated.  There is segregated space available where cat condos could be added. Space could be sublet or staff could be added to provide grooming, veterinary and training services. New owner may consider raising rates during holiday periods as occupancy is above capacity. Another growth potential would be the expansion of retail products such as specialty feed, toys and accessories. As mentioned in the facilities description there is adequate acreage to add approximately 2000 additional feet of indoor space.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $600,000
Monthly Rent: $3,500
Square Footage: 5200
Facilities:

The business is operated from a recently updated purpose built facility including custom indoor and outdoor features. Location has adequate parking and acreage available for significant expansion if desired.


Last Updated: Dec 7, 2015 / 2:52 PM
Financial Information Current as of: Sep 5, 2014 / 3:35 PM
Lender Pre-Approved!