Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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39 Year Established Dog Grooming Store
(Animal Related)
Collin, Texas
Listed Price: $ 149,000
Listing ID: 000619

Listing DetailsDown Payment: $ 75,000
Gross Revenue: $ 277,619
Cash Flow: $ 83,132
FFE: $ 15,000 (Included in Price)
Inventory: $ 1,000
Reason for Sale:

Burned out after 15 years being in the same business. Looking into other industry.


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location pet grooming salon operating for 39 years in North Dallas is available for acquisition. This business was originally established nearly four decades in 1979 and was acquired by the current owner of the business in 2000. Most of the customers are loyal customers built throughout the years of operation since inception that live in the surrounding densely populated residential neighborhoods. Net sales average was $25,000/year that has been consistent throughout the last several years as the business has many repeat customers that come on a monthly or bi-monthly basis without any proactive marketing. Although no marketing has been done except through word of mouth, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from untapped areas within the city. Competition can be expected for this type of business, but the numerous competitors within the area hasn't established themselves in the area for several decades like this business and doesn't have a solid foundation for loyal customers. There are many ways to proactively market this business such as direct mailing, limo service, membership programs, pet supplies, door hangers, website, management and additional services. Expansion of the current services while providing additional pet supplies will help this business reach out to other individuals living in the area which should grow sales. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

Few competitors are within the immediate market area of this business, but this is the only business that has operated for nearly 4 decades in the area growing a solid foundation of customers and sales.


Potential Growth:

There is no marketing in place currently to actively grow the business.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2000
Facilities:

This business is located in a 1,500 SF retail commercial building that is optimally placed and efficiently laid out to attract many individuals in the local area as well as pedestrians.


OperationYear Established: 1979
Employees: 3FT
Absentee Owner: No