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Overview

Pet Services

Dog Grooming and Related Retail

Price: $125,000

Listing ID: DOGS3

Entity Classification(M): Limited Liability Corporation

Annual Sales: $115,800

Seller Discretionary Earnings: $40,304

Included Inventory: $3,880

FF&E: $11,260

Target Working Capital: $4,000

Year Established: 2019

Days & Hours of Operation: M-Sat 8:30-4

Inventory: $3,880

Reason For Sale: Other Interests

Reason for Sale Comments: Attending flight school to become a commercial pilot.

Limited Seller Financing: Seller will participate in a reasonable amount of seller financing if required.

Listing Status: Active

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Summary

Description:

This exclusive dog grooming business is the only game in town. Located in a quaint North Carolina community, it is “the place” to take your dog for all manner of grooming services. Offering a spa-like experience for dogs, pets leave feeling refreshed and relaxed. According to Forbes magazine 78% of pet owners acquired pets during the pandemic and the majority of pet owners have increased spending on their pets to compensate for being away from home more (after the pandemic). https://www.forbes.com/advisor/pet-insurance/survey-78-pet-owners-acquired-pets-during-pandemic

Competition:

This business has two competitors relatively close by that they have had clients transition from.

Growth & Expansion Opportunities:

Expansion opportunities include adding groomers and reducing retail. Self service bay would also be an opportunity for growth.