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Business for Sale Summary

Pet Supply Store in an Affluent Section of Bklyn - 31124

Business Type: best deals!,new to market,pet shop/supplies
Pet Supply Store in an Affluent Section of Bklyn
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This business has received 26 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $199,000
Gross Revenues $624,000 Lease Remaining Register Free to View
Owner’s Cash Flow $138,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and Please make you best all-down offer!

Business Description

This Pet Supply Store in an Affluent Section of Bklyn can be purchased for less than 1.5 times the $138,000 annually the owner puts in his pocket. He grosses $12K weekly, of which $10K is verifiable on credit cards; the rest is in cash. Rent is only $4,200 per month and that's for 700 square feet in a great neighborhood for an upscale shop of this kind. The landlord stands ready to give you a new 5 year lease with a 5 year option. It would cost you at least $25K to replace the shelving and the rest of the furniture, fixtures, and equipment in the store. The basement is the same footprint as the retail space and is kept dry and clean for additional inventory storage. Upon visiting this location, you will be wowed by the breadth and depth of product offerings for not only dogs and cats, but also other pets like birds, fish, rabbits, gerbils, and hamsters. However, pets themselves are not sold here. Inventory is not included in the asking price, but can be purchased at closing based on the seller's original cost. The store comes with its own ATM, which adds some profit to the bottom line. You would be wise to create a website for this business and promote the availability of delivery services. Please be very discreet when visiting this location, as the employees and customers do not know it's for sale. Should you want to make an appointment to meet with the sellers and get a full tour, kindly contact the listing broker Jay Goldman. Please call 1-877-735-5224 for further information.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.