Business Summary:
A buyer would see a $140K return on investment in the first year at this pet daycare & boarding company! 82% of the clients are from a repeat/referral client base, and the other 18% largely comes from the nearby military base. Over the course of their nearly 30-year history, they have facilitated over 300,000 animal night stays and show no sign of slowing down. Due to less travel in 2020, they did see a slight slow-down, but were able to start the daycare side of the company. This allowed pet owners who were now working from home to bring in their furry friends for a few hours or the full day to be able to work without being disturbed. The daycare currently only accounts for about 5% of the companys revenue and could be a great avenue for growth. In 2021, as travel picked up again, the company grew to higher than pre-pandemic levels!There are currently 5 employees working in the business. The staff on hand are all cross-trained and are able to handle the day-to-day operations with ease. The owner comes in for up to 10 hours per week, largely to process payroll or handle small maintenance matters (mow the grass, fix a door, etc.). This company has been set up well to work passively! Their current location would allow for further expansion. There is a separate building in the back that already has water & electric hooked up, so further daycare services could be provided, or a new owner could easily add grooming services in that space if desired. The current owner does own the real estate as well and would be open to either renting to the next business owner or selling in a separate transaction. Ongoing rent or mortgage has been accounted for in the cash flow.At a purchase price of $745,000, a 10% down payment of $74,500 returns $139,526 in the first year, which is a 187% return on investment!
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