Listing Status: Sold
Asking Price: $195,000
Total Sales: $991,111
Cash Flow: $121,706
Real Estate Asking Price: N/A
FF&E Included in Sale: Yes
Inventory Included in Sale: No
Real Estate Included in Sale: No
Year Established: 1997
Business Summary: Great opportunity to own an independent neighborhood store that’s considered the “go to” place for pet food, treats, toys, and more! The business has won numerous awards and has been highlighted in dozens of articles, television features, and is commonly recognized as one of DC’s top small businesses in their industry. They offer a wide variety of products including toys, natural/holistic food, raw diets, treats and supplies for both dogs and cats that are usually not found in big box stores or grocery stores. The company’s website is enabled for e-commerce allowing customers to place orders online creating an additional revenue stream outside of the brick and mortar business.
The business has an excellent reputation in the market for customer service and product knowledge. They engage in several community outreach services including hosting adoption events every Saturday and Sunday, which brings new customers to the store and generates new clients. The business was purchased by the current owner in 2012, but has been a staple in the market for nearly 25 years. The surrounding area has a very large and growing pet population with numerous pet friendly condos and apartments being built.
This opportunity is well-suited for a new owner who will be hands-on and actively working in the store. They should ideally be an avid animal lover and enjoy involvement in the community. The business would also make a good addition to an existing multi-store-chain looking to expand market share. Current owner is not absentee, but has taken a step back from day to day in store operations (note cash flow claimed is for an active owner operator). They handle all administrative responsibilities including payroll, advertising and accounting. Don't let this opportunity pass you by and contact us today!
Description of Facilities: Located on a prime retail strip in a bustling and upscale neighborhood in Washington, DC. The business is situated in a traditional city block surrounded by many nice restaurants and other complementary businesses that attract both locals and visitors.
Competition: There is relatively limited competition in the surrounding area, not even a big box retailer!
Growth & Expansion: A new owner can increase sales by dedicating more time and resources to marketing/advertising. They also might consider getting involved in community events as there are many options to create awareness in those areas.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms and qualifications of the buyer.
Reason For Sale: Owner would like to retire to spend more time with family.
Seller Support & Training: Seller will provide necessary training and support.