Pet store in Philadelphia -great location / always busy: Price Redux
| Asking Price: | $195,000 |
| Gross Revenue: | $500,000 |
| Cash Flow: | $80,000 |
| Established Year: | 2016 |
Seller is retiring - Great Products and Reputation
This brand was founded in 2016 as a professional pet care company, providing dog walking and pet sitting services to the Greater Philadelphia area. With a strong following of loyal customers, they soon realized that their clients in this vibrant and pet-centric neighborhood in Philly had no place to shop for their furry friends. In 2018 they opened a brick-and-mortar retail shop. The store was such a success, in 2021 they expanded again into their current location, a prime 2,000 sqft store on a corner lot.
In addition to selling retail products, they offer dog self-wash services adding an additional revenue stream (estimated at $50k for 2024) and reason for surrounding residents to bring their dogs into the store, again and again! The neighborhood is also well-known for its walkability, with a very high walking score of 88 and several nearby dog parks.
This is an excellent opportunity for someone already in the industry to expand their current operations but also manageable for a new operator that is just getting started. The current owner is willing to help transition the business to a new owner, if necessary.
In 2023 American’s spent $143.6 BILLION on their pets!! The pet industry is unique in its resilience to economic recessions and downturns. In comparison to other consumer goods and services, the recession-resistant pet industry has held up remarkably well during recent market declines.
