Franchised Pet Store With High Margins
Memphis, TN Shelby County
Asking Price:
$950,000
Annual Revenue:
$1,970,974
Request More Information Contact the Seller
- RE: Franchised Pet Store With High Margins
- Contact: Joe Alter
Quick Facts
| Asking Price: | $950,000 | |
| Annual Revenue: | $1,970,974 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $273,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $175,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2021 | |
| Employees: | 15 | |
| BBN Listing #: | SB-54500 | |
| Broker Reference #: | FTMFL001-54500 |
Business Overview:
This Petland store opened in 2021 and has been growing their revenue each year to get to profitability. In their first year (2022), the revenue was $1.2MM which grew to over $1.9MM in 2023. This year is trending to beat $2.3MM by the end of 2024. They are selling puppies at a very high margin at around 75% Gross Margin.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The store is in a busy shopping center with larger anchor stores off I40.Market Competition and Expansion:
Very little competition. Only competitors are local breeders focusing on one breed.Reason for Selling:
Seller needs to attend to other businesses in another state.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Tennessee businesses for sale
- View more Businesses For Sale in the same industry
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- Find a business broker
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