Contract Pending - Est. 40 year old Pet Store and Supplies
| Asking Price: | $300,000 |
| Gross Revenue: | $1,066,472 |
| EBITDA: | $100,000 |
| Established Year: | 1984 |
| Cash Flow: | $101,523 |
| Inventory: | $100,000 |
| FF&E: | $100,000 |
This 40-year-old pet shop and supply store is located in a busy shopping center on a highly traveled thoroughfare that provides over 90,000 cars per day. The surrounding area of Sarasota County is booming and receiving a tremendous growth in population. Located strategically near a competing chain store, this non-franchise pet store benefits from comparison, the traffic, regular referrals, thus lowering overall advertising costs, and capitalizing on sales opportunities.
According to IBIS World Executive Summary, “Pet parents have increasingly lavished their pets with premium food products and designer accessories. Traditional brick and mortar establishments have successfully positioned themselves as pioneers and exclusive providers of high-quality food and additional service offerings.” Americans spend almost $140. Billion dollars on pet products annually. Revenue in the Pet food market amounts to almost $60. Billion and is expected to grow by 5.77% (CAGR 2024 – 2028)
Seller purchased this business for their family ten years ago and has developed a niche brand by offering a diverse landscape of high-quality pet products for all types of animals, birds, exotics, fish, and reptiles. They are also well-known for the sale of hundreds of animals belonging to various different species including birds, fish, reptiles, and exotics. They do not sell dogs or cats. Owner breeds many reptiles in-house which is a direct benefit to their cost of goods sold. As these pets have their own unique product categories that, when taken together with the initial pet sale, represent a great segment of the market and future recurring revenue. Each exotic pet type has its own dietary, shelter, and habitat needs. Food, water treatment solutions, bedding, and cleaning products are all regular purchases for exotic pet owners.
This business holds the appropriate licenses through the Department of Agriculture (USDA), Florida Department of Agriculture and Consumer Services (FDACS), and the Florida Fish Wildlife Conservation Commission (FWC).
On-site boarding of birds, small animals such as ferrets, rabbits, etc. in addition to reptiles; is also a strong revenue stream. Care is provided during normal business hours and by two employees during the three holidays the store is closed.
The dedicated and friendly staff consists of one family-member manager, one assistant manager, three full-time and two part-time employees. Owner works three days a week overseeing inventory and purchasing. An electronic timecard system is used and provided to a third-party payroll service.
The seller is relocating out of state to semi-retire, which make this excellent business opportunity available. A thirty-day free training period is offered after the sale to make for a smooth transition.
