Annual Revenue: $3,377,253
Net Cash Flow: $538,627
Location: Litchfield County, Connecticut
First time offered for sale – after 20 years of business, the seller is ready to retire. This niche retailer of pet supplies operates out of retail and warehouse. This company is located in Litchfield County, CT selling retail, wholesale and online, selling pet food, pet supplies, pet accessories, and pet clothing.
-The store sells high-quality organic pet food – major brands
-The store also has its own proprietary brand that it has developed and
is contract manufactured.
-The current owner operates absentee out of state.
-The store is currently fully staffed and run by the general manager,
with 6 employees
-The general manager handles the day to day financials, employees,
scheduling, product ordering, deliveries, etc.
-The sales volume is retail, internet, and wholesale to other stores which
helps the owner receive maximum discounts from their vendors, which in turn affords them higher than standard margins of profit.
-The owner used to operate multiple locations but has scaled back due to health reasons and moving out of state.
FFE: $100,000 (Included in Price)
Real Estate: $750,000 (Included in Price)
Reason For Sale:
Year Established: 20
Absentee Owner?: Yes
Real Estate: Included in the sale - Owner will not separate - RE value is $750,000. Consists of a retail strip mall with several other tenants; Main Store; and Warehouse. Third-party rent annual income of $24,000 POS, Registers, Racking and Store fixtures, Build Out, Delivery Truck approximate value $100,000.
A new owner could easily expand the business by adding additional locations. Increasing sales and marketing of their proprietary brand – and franchising the store concept to new markets. Franchise program already exists, increase sales via internet – improve SEO, etc.