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Profitable Multi-Location Pet Retail & Grooming Business, Est. 2009

Colorado Springs, CO
Republic of Paws' Flagship Storefront
Asking Price:$1,700,000
Gross Revenue:$2,600,000
FF&E:$190,000
Established Year:2009
Cash Flow:$229,000
Inventory:$180,000
Real Estate:$900,000
Listing ID: 2309601Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established in 2009, Republic of Paws is a multi-location natural pet supplies and grooming business located in Colorado Springs, Colorado consisting of three strategically located facilities. Boasting a well-known brand, curated product selection, and dynamic retail and grooming team, this is a profitable, turn-key business ready for the right owner or owners to infuse it with new energy and ideas.

The sale will include the company brand, all signage and marketing collateral, website and intellectual property, all inventory and FFE, rights to the leases at two out of three locations, and the commercial real estate that houses the flag ship store in Old Colorado City.

The first store is located at 5980 Stetson Hills Boulevard 80923 and has been in operation since April 2019. This location has an active, but transferrable lease through April 2026 and features a 2,700 square foot retail and grooming space. This is the most profitable location with average gross monthly sales over $95,000.

The second location at 2411 West Colorado Avenue 80904 is the flagship store and was opened in 2011. The commercial condo the store is located in is owned by the business and is offered as part of the sale, but owners would consider a long term lease agreement with option to buy. The real estate is a 3,300sq ft commercial condo that houses retail, grooming, inventory storage, and also a back office/room that Republic of Paws leases month-to-month to a holistic veterinarian at a $650/month rental rate. This location has gross monthly sales over $60,000.

The third location at 6510 South Academy Blvd 80906 has been in operation since February 2019 and has a renewable lease through February 2026. This location has gross monthly sales of $65,000 and features a retail and grooming space of just over 2,000 square feet.

This is a dream job for owners that want to live and work in Colorado Springs and who are willing to operate this local gem as their own. The business does require daily involvement from ownership, so we would discourage those interested in a passive income stream. This business needs a dedicated, invested owner or could also be absorbed into a larger company or franchise organization that has a management structure in place.

DETAILED INFORMATION
Location
Colorado Springs, CO
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,299
Employees
21
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Two leased and one owned retail/grooming facilities; all retail fixtures and equipment including 12 glass front freezers, two walk-in freezers, shelving, computers, retail displays, and misc retail supplies; grooming equipment including kennels, tubs, tables, tool chests, bathing systems and miscellaneous supplies; all inventory; intellectual property and trade name; and the very best part, the most amazing client base in the city!
Competition
Colorado Springs is expanding and there is ample opportunity for growth particularly to the East of Powers Boulevard. While there are a number of competitors in the area, including Earthwise, Furry Friends, and Pet Supplies Plus, Republic of Paws has a unique market position with its focus on raw and fresh foods that has allowed it to grow and remain independent despite mergers and market competition. The new owners could opt to continue the current growth strategy of expanding delivery and grooming services or opt to open additional retail locations.
Growth & Expansion
Republic of Paws has experienced growth primarily at its Stetson Hills store location due to the desirable location within the 80923 zip code and the dynamic team working at that store location. Republic of Paws has also experienced growth in delivery services and sees potential for the new owners to continue to focus and drive this effort. The addition of another retail location east of Powers Boulevard is likely to generate solid growth, but would also require additional employees, which has become the biggest challenge for the current owners.
Financing
Owner financing not available.
Support & Training
Current owners will provide 30 days of training on all systems used by the business and can connect new owners with the existing accounting company if desired and can also assist with QuickBooks set up if desired. Current owners will provide an additional 60 days of remote consulting as part of the sale price, with limited hours to be decided during the sale process.
Reason for Selling
Personal family needs.
BUSINESS LOCATION
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Molly Smith
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Molly Smith
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