Growing Pet Products Retail Business
Asking Price: $6,500,000
The Seller is open to all serious offers that are based on industry comps and that are commensurate with the caliber of this business. It would cost multi millions to replicate the amount of work done to create this stable business PLUS years of effort with no guarantee of profitability. Every aspect of this business has been refined, pivoted, adjusted and tweaked to peak performance for this industry. This business is positioned for steady growth and optimized for scaling rapidly.
This is an ideal launching pad for a competitive franchise opportunity or an ideal acquisition target for a company wanting to get market penetration in the States in which its retail stores are located. This listing provides a rare opportunity to acquire a well-established multi-channel, highly profitable business in a recession proof industry with tremendous continued growth potential!
This business sells premium dog products through its 6 brick and mortar locations located in the US. The current owner has been running this extremely consistent business for about 10 years and sales have increased every year, never having a down year. This business was purchased by current owner because the pet industry grows steadily and is not typically impacted during recessions or downswings in the economy. Revenue in 2009 when the business was acquired was $110,000. Revenue in 2019 will surpass $14,000,000.
There are 6 booming brick & mortar retail locations. Previously, the owner has also operated an e-commerce direct to consumer retail model as well as e-commerce B2B sales. This year, the owner chose to close the ecommerce divisions to focus on the brick and mortar locations from which most of its success has been derived.
This is a completely turnkey operation as the owner chooses to be involved on a daily basis, but this is not required. All staff are fully trained to run smoothly if the owner was not around and the business would create positive cash flow from day one. With all POS software & website software web based and not tied to a specific physical location, the business can be run from any location and the owner can check on all aspects of the business at any time from his phone.
This business is ideal for a strategic buyer already in the pet space looking to grow quicker through M&A. In addition, this stable recession resistant business has a rock-solid foundation perfect for any entrepreneur with a background in retail sales and or franchising.
|Employees||35 FT, 10 PT|
|Inventory||Not Included in Asking Price|
|Category||Brick & Mortar|
|Industry||Pet Products and Services|
|Location||USA, Washington (Thurston)|
|Home Based Business||No|
|Seller Finanacing Available||Yes|
What separates this opportunity from others is how scalable this business is and the number of options for growth. An investor could choose to re-open and focus on the e-commerce part of the business, expand the retail stores or franchise out the retail stores and earn royalties. Additional opportunities include creating a unique product brand exclusive to the company, and potentially importing from China to improve margins. The online B2B business could also become a potential channel to develop if desired. After owning the business for 10 years, the owner has uncovered numerous niche opportunities within the pet space that have not yet been acted upon. These opportunities can be shared exclusively with the buyer of the business.
There are many competitors in this popular industry, however this business tends to do well head to head with big box stores because big box doesn’t carry the same high-quality brands of dog food and pricing is higher due to larger overhead and store sizes. With typically 50% cheaper pricing and 300-500% more selection of products, this business dominates over boutique stores.