Reason for Selling:

Health reasons.

Overview of the Business:

Strong sales in recent years! No recession here! Now is an exciting time to look at this well-known retail franchise store that has been in operation for over 25 years. The company attributes its long term success to maintaining a loyal customer base by providing excellent service and products, and the forecasted future of the pet supply industry is particularly strong when compared to the rest of the retail sector. The current owners have enjoyed strong and steady income levels since acquiring the business. The franchise is positioned in a high-traffic, prime retail location with a readily recognizable store front.

Property Features and Assets:

Shelving and displays are all being transferred to the buyer. The equipment and fixtures are relatively new with a long estimated useful life remaining.

Market Competition and Expansion:

This company represents the only pet supply brand in the local market. Although there are two other pet supply retailers in the area, they appeal to a different customer demographic. This is a mature business in a reasonably mature industry. Growth is anticipated to come from two primary sources, organic growth of the population in the catchment area of the store, and growth derived from the shift in product mix to capture the purchasing trends amongst pet owners. While utilizing existing retail and storage space, the existing store can accommodate significant sales growth before a requirement for larger premises is required. The necessity is not perceived within the forecasting period provided for this business.

Additional Details: