Your one stop pet store

$260,000 + SAV ($140,000 approx.)

Web ID: R7290

Business Description

High profile pet store trading opposite shopping centre. The business was established in 2012 by the current vendor and has been running under management for many years. The pet store is your one stop shop for all your pet needs.

Large modern premises (around 400sqm) make shopping for your favourite pet a pleasant experience backed up by the store's knowledgeable team who provide great service and information.

The store operates 7 days and employs two full time staff plus two casuals (with minimal involvement from the owner - around 10 hours per week). The store is currently a franchised store; however, it can be sold as an independent store.

Ideal for an owner operator or large enough to be run under management.

At a glance:

  • Sales around $1.2 million
  • Trading from high profile location with good parking
  • Large modern premises (approx. 400sqm)
  • Has been running under management for many years
  • Consistent sales & highly profitable
 

Tony Iasiello 0412 217 608

 



Extended Price Information

Goodwill including Plant & Equipment $260,000
Stock at valuation (approx) $140,000
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$400,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
2014/2015 $1,211,216 $181,011 45.2% $126,918 31.7%
2015/2016 $1,240,093 $178,807 44.7% $124,714 31.2%
2016/2017 $1,252,056 $158,538 39.6% $104,445 26.1%
2017/2018 (annualised) $1,202,637 $165,877 41.4% $111,784 27.9%

The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor's ’wage.

This business is currently run under management and the owner only works approx. 10 hours in the business.

The franchise fees have been added back as the pet store does not need to be run as a franchise.

Staff Summary

Two full time and two casual staff members.

This business is currently run under management and the owner only works approx. 10 hours in the business.

Lease Summary

Current Rent $11,793.92 per month + GST
Lease Term 4 years
Lease Commencement 1st May 2017
Right of Renewal Nil
Outgoings Paid by tenant
Outgoings CPI annually
Bank Guarantee Equivalent of 3 months’ rent

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