Franchised Pet Store with High Margins
Business Description
Price Dropped by more that 50% on 1-1-25
This Petland store opened in 2021 and has been growing their revenue each year to get to profitability. In their first year (2022), the revenue was $1.2MM which grew to over $1.9MM in 2023. This year is trending to beat $2.3MM by the end of 2024. The current owner has now hired/trained three managers who are able to run semi-absent from a different city. Seller financing is available at 6% interest rate.
About the Business
- Years in Operation
- 4
- Employees
- 15
- Franchise
- This business is an established franchise
- Facilities & Assets
- The store is in a busy shopping center with larger anchor stores off I40. It was all built in 2021 with the newest technology, kennels and HVAC to keep the pets very healthy.
- Market Outlook / Competition
- Very little competition. Only competitors are local breeders focusing on one breed.
- Opportunities for Growth
- This store will likely grow to annual revenue levels between $3.5MM to $4.5MM once interest rates drop. Also, this location has the ability to open two more stores in the Memphis area.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,080
- Lease Expiration
- 4/30/2036
About the Sale
- Seller Motivation
- Seller needs to attend to other businesses in another state.
- Transition Support
- Seller will train for 2 weeks.
- Financing Options
- Seller will hold a small note if the full price is paid.
Listing Info
- ID
- 2252897
- Listing Views
- 2491
Listing ID: 2252897 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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