Franchised Pet Store with High Margins

This Listing Is Currently Pending Sale
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Pet Service Businesses for Sale

  • Primary Industry: Pet Stores & Supplies

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.

Financial Information

  • $950,000 Asking Price
  • $273,000 Cash Flow
  • $1,970,974 Gross Revenue
  • $100,000 Down Payment

Business Location

  • City: Memphis
  • State: Tennessee

Reason for Sale

  • Seller needs to attend to other businesses in another state.

Detailed information

  • Year Established: 2021
  • Home Based: No
  • Franchise: Yes
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 15
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: 40
  • Inventory Included: Yes
  • Inventory Value: $70,000
  • Monthly Rent: $9,675
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: $0
  • Building Size: 4080
  • FF&E Included?: No

Training/Support

  • Seller will train for 2 weeks.

Facilities

  • The store is in a busy shopping center with larger anchor stores off I40.

Market Outlook/Competition

  • Very little competition. Only competitors are local breeders focusing on one breed.
Business Listed by
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Joe Alter
Sunbelt of Fort Myers
Email Joe
Show Phone Number
Listing ID
FTMFL001-54500

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