Opportunities
3,600 Sq. Ft. Pet Boarding & Training Facility
Sold
30% profit margin, with great growth opportunities!
Specifications
With a 2,000 sq. ft. main building & 1,600 sq. ft. indoor training facility, this pet complex has a 30% profit margin and great potential for growth all within the fence line. The large facility has the capacity for 100 dogs for daycare. The dogs that stay in this facility can sleep, eat, and train all on the spacious property, playing and learning in the great outdoors. Daycare includes romps around the play field and sunbathing while training services feature obedience, scent work, puppy classes, as well as agility, rally, and more. Boarding is charged per night, while training is charged by the class. The owner currently oversees administrative tasks as well as acting as a lead trainer and will stay on board as a trainer if Buyer desires.
The complex features a 2,000 square foot main building that contains the office, grooming facility, and boarding areas. There is an additional 1,600 square foot indoor training facility for obedience classes. The wide-open acres of the property allow the dogs to run, romp, and tussle in the sun and in the snow. The space also allows for unique training opportunities such as agility and scent work.
Priced at $449,000, a 10% down payment of $44,900 returns $86,965 in the first year after debt payments – a 194% return on investment! This business features an incredible location for the services that they offer. Working to capitalize on the unique space as well as the incorporated training options could be an area of focus for growth. Targeted advertising may get the company in front of new clients and engagement on social media may generate excitement.
Business Highlights
Location: Fauquier County, Virginia
Year Established: 2004
Service Area: 50-mile radius of the location in Fauquier County
Services: Dog boarding, cat boarding, daycare, grooming, dog training including hunt training, obedience, scent work, rally, agility, and more
Clients: Families, retirees, military members
Lease: 2,000 sq. ft.: Boarding facility, storage, office; 1,600 sq. ft.: Indoor training center; acres to run and play
Reason for Selling: Retirement planning
Employees: 8: 1 Groomer, 3 PT trainers, 4 play and kennel attendants
Seller Training Period: Owner is willing to remain a part of the team as a trainer
Growth Opportunities: Advertise to generate new clientele, make improvements around the facility that appeal to customers, engage on social media
Current Owners’ Responsibilities: Oversight and training
Employees
Total Employees: 8
- 1 Groomer
- 3 PT trainers
- 4 Play and kennel attendants
Services
Boarding:
- 20-30 dogs per day in the summer
- 2-3 dogs per day in the winter
- Additional dogs typically attend on the weekends
Daycare:
- 5-15 dogs per day
Full services:
- Agility
- Barn hunt
- Boarding
- Canine good citizen class
- Daycare
- Dock diving
- Farm dog certification
- Fit paws
- Grooming
- Nose fun
- Obedience training
- One-on-one training
- Playtime
- Puppy classes
- Rally
- Recall, retrieve, rest
- Retail
- Service dog training
- Swimming (assisted and self-swim)
- Treibball
- Trick training
Financial Highlights
- List Price: $449,000
Cash Flow Analysis
| Description of Financial Statement | P&L Statement Jan-Sept 2021 | P&L Statement Jan-Dec 2020 | Tax Return | Tax Return | Tax Return | Notes |
| 2021 | 2020 | 2019 | 2018 | 2017 | ||
| GROSS SALES | $307,353 | $235,754 | $332,441 | $339,341 | $400,606 | |
| Annualized | $99,427 | |||||
| Net Income Shown on Financial Statement | $65,835 | $-16,721 | $3,836 | $21,566 | $9,158 | 2021 includes PPP adjustment |
| ADDBACKS | ||||||
| Compensation to Owner | $40,500 | $44,000 | $48,121 | $48,000 | $49,000 | |
| 11% Tax on total W2 Salaries | $4,455 | $4,840 | $5,293 | $5,280 | $5,390 | |
| Depreciation | $0 | $0 | $6,762 | $7,604 | $12,474 | |
| Interest | $0 | $0 | $155 | $263 | $346 | |
| Contributions/Donations | $200 | $0 | $0 | $0 | $50 | |
| Cell Phone | $905 | $2,172 | $2,172 | $2,172 | $2,172 | $181/month is for personal lines |
| Rent Adjustment | $-200 | $0 | $12,000 | $6,000 | $0 | |
| Child Support Payment | $0 | $401 | $0 | $0 | $0 | |
| PPP Loan | $0 | $-33,618 | $0 | $0 | $0 | |
| TOTAL ADDBACKS | $45,860 | $17,795 | $74,503 | $69,319 | $69,432 | |
| Seller's Cash Flow = Total Addbacks + Net Income | $111,695 | $1,074 | $78,339 | $90,885 | $78,590 | |
| Annualized | $148,927 | |||||
| Profit Margin | 36.34 % | 0.46 % | 23.56 % | 26.78 % | 19.62 % |
- Profit Margin: 30%
- 2020 was down due to Covid
- The owner had knee surgery in 2018 and that contributed to the lack of sales due to some loss of training revenues.
Growth Opportunities
- Advertise to generate new clientele
- Make improvements around the facility that appeal to customers
- Engage on social media
Valuation Details
Funding Example
Print, sign and send to:
210 N 78th St. 2nd FloorOmaha, NE 68114
Or fax to:
f 402.939.0857