Friday, May 6, 2011

Profitable Pet Grooming Salon - Queens

This is a turn-key operation! Located in the same space for 17 years, it looks brand new. The owner keeps the store and all of the equipment in immaculate condition. There are separate bathing and grooming areas, as well as a basement to hold the pets until they are picked up. There is a $4,000 software system to track the pets history, of which there are over 7000 names in. The current owner has owned the store for 6 years and started with 500 names. The software also has every transaction since 2004 and all numbers are easily verifiable. Sales are 85% grooming and 15% retail. Every year the current owner has been there the business has grown. The owners wife will stay as long as 6 months during the transition. There is opportunity to grow the business by offering other services such as dog walking and sitting. Landlord will give more time on the lease. Rent includes taxes and also water (which is a big savings considering the type of business this is)

Gross Sales: $826,454
Net Profit: $295,282
Asking Price: $725,000

NOW ONLY: $450,000 Down

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