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Overview

Pet Services

Dog Grooming and Related Retail

Price: $125,000

Listing ID: DOGS3

Entity Classification(M): Limited Liability Corporation

Year Established: 2019

Annual Sales: $115,800

Seller Discretionary Earnings: $40,304

SDE Multiple: 3.1x

SDE Margin 34.8%

FF&E: $11,260

Inventory: $3,880

Included Inventory: $3,880

Target Working Capital: $4,000

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

Full-time Employees: 3

Part-Time Employees: 3

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.


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.

Support & Training:

Seller will provide adequate transition assistance included in the purchase price.

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Steve Zimmerman, CBI

Senior Broker – Raleigh, NC

Cell: (650) 823-6174


Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Central NC

Real-Estate: Leased

Facilities Type: Commercial Center

Monthly Rent: $2,000

Building Square Feet: 1,800

Facilities Description:

This business operates from a leased retail location on a main thoroughfare and has ample room for services and retail.