Lender Pre-Qualified Pet Services with Recurring Revenue
Louisville, KY
| Asking Price: | $395,000 |
| Gross Revenue: | $595,122 |
| FF&E: | $15,000 |
| Cash Flow: | $161,616 |
| Inventory: | $10,000 |
| Established Year: | 2021 |
Listing ID: 2211209Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a pet services business that is growing rapidly with great cash flow. There is a store manager in place, which allows one of the owners to be fully absentee and the other to work 10-15 hours per week in the business. The business model is proven and set up to generate recurring revenue with low overhead, making it an ideal opportunity.
DETAILED INFORMATION
Location
Louisville, KY
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,400
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located in an affluent area with very high traffic counts and an abundant customer base.
Competition
Over 90 Million US Households own a pet and over 95.0% of US households view pets as family members. As consumers humanize their pets, spending on pets has surged. Spending behaviors on pets more closely mirrors spending on popular consumer trends, with pet owners more willing to shell out on services prioritizing their companion's health and wellbeing. Pet owners' willingness to spend on high-end pet care services currently characterizes the market.
Growth & Expansion
The company's top-line revenue grew by 45% between 2022 and 2023. The growth pattern is expected to continue in 2024 as the business focuses on increasing its recurring revenue customers. Based on research of market demographics the Louisville market has the capacity for two additional locations.
Financing
Lender pre-screened with $39,500 down.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
Owner is relocating out of state.
Franchise
This business is an established franchise
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