Asking Price: $600,000 Cash Flow: $139,000
Founded in 2016, this profitable pet grooming business began in one location in the Grand Rapids, MI metro market. Since then, demand for pet services increased dramatically. Not only did a lot of people adopt pets during the pandemic, but millennials have also become the largest generational demographic segment of pet owners.
The business expanded in 2021 with leased property in a strip mall located about 8 miles from the original location, situated along a busy thoroughfare with a traffic count of 30,000 vehicles per day. By the end of 2021, both locations were operating at capacity. The 2022 fiscal year demonstrates a full year of operations out of both locations. The business is fully staffed. This is a turnkey operation!
The sale includes the businesses in both locations as well as the real estate for the first location. For the second location's leased space, the buyer would negotiate a new lease with the landlord. Inventory is minimal and is additional, at cost.
The seller currently works 1 - 2 days at each location as a groomer. The seller would be open to staying on part time as a groomer for the new owner but is seeking to redeploy invested capital in a different venture. Pet grooming experience and certification would be helpful for the buyer to have.
The real estate for both locations includes many recent improvements .Contact listing agent for details!
Showings by appointment only. Please contact the listing agent for a NDA. Buyer to verify all information.
Planning to use a lender? We can refer names of lenders who have done an initial review of the deal package and support the full asking price for qualified buyers.
The business expanded in 2021 with leased property in a strip mall located about 8 miles from the original location, situated along a busy thoroughfare with a traffic count of 30,000 vehicles per day. By the end of 2021, both locations were operating at capacity. The 2022 fiscal year demonstrates a full year of operations out of both locations. The business is fully staffed. This is a turnkey operation!
The sale includes the businesses in both locations as well as the real estate for the first location. For the second location's leased space, the buyer would negotiate a new lease with the landlord. Inventory is minimal and is additional, at cost.
The seller currently works 1 - 2 days at each location as a groomer. The seller would be open to staying on part time as a groomer for the new owner but is seeking to redeploy invested capital in a different venture. Pet grooming experience and certification would be helpful for the buyer to have.
The real estate for both locations includes many recent improvements .Contact listing agent for details!
Showings by appointment only. Please contact the listing agent for a NDA. Buyer to verify all information.
Planning to use a lender? We can refer names of lenders who have done an initial review of the deal package and support the full asking price for qualified buyers.
- Location:
- Kent County, MI
- Inventory:
- Not included in asking price
- Real Estate:
- Owned
- Included in asking price
- Building SF:
- 1,418
- Employees:
- 10
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- Included in the sale is a freestanding building, zoned commercial., on 0.248 acres. The 1,218 sf facility was formerly a residential property but has been rezoned for commercial. The pet grooming business is its only tenant. Recent improvements include a new roof, poured concrete driveway and parking pad, new flooring, central air conditioning, an updated electrical panel, plumbing improvements, and more.
- Competition:
- The demand for pet services remains strong. The seller has a collaborative relationship with other area groomers who regularly refer customers to one another. The seller currently has more demand than what the shops can handle.
- Growth & Expansion:
- the buyer can continue to add or acquire additional locations.
- Financing:
- Cash to seller.
- Support & Training:
- Seller is willing to train.
- Reason for Selling:
- The seller would like to redeploy invested capital into a different venture.
