About this Business
The business is situated in the Free State and is a Pet Parlour serving the local community. Current owner bought the business in 2016 and urned from a loss making business into a profitable business that offers a quality service in the area, the client base exceeds 500 active clients as well as more than 800 dogs/cats.
Channels to Market Summary
The business serves consumer market and advertises its business offering across Social Media and localised media channels. The business premises is next to a Vet with whom a close relationship brings additional business to the Parlour. All business is currently done at the parlour through customers brining their pets to the parlour.
Potential Business Development Upsides
The parlour could possibly secure additional business through adding a mobile parlour trailer, which is a developing trend, to their offering. The possibility exists to also offer products in the parlour specifically related to pets, such as toys, winter jerseys, food etc. Currently the business operates Monday to Friday, by possibly adding Saturday as an active/open day revenues could possibly be increased.
The Competitive Environment
There are other parlours in the town, each parlour offers different pricing points, this business is positioned within the premium pricing segment of the market.
The business generates about R370k of revenues, with profits after adding back depreciation of just over R90k per annum. The business is VAT registered and all financials and daily sales data is available, this includes the asset list of the company.
What is the Selling Price Structure
The price of the business is set at R308k, which includes R114k of Assets
Staffing Structure and Summary
There is a total of 5 Staff, this includes a Manager that manages the business and the operational activities of the business, the groomers are all well trained in grooming of pets.
The premises of the business consists of a front welcome/reception area and space for groomers to groom the pets, the entire area is equipped with CCTV that allows the manager to view al work stations. The location of the business is perfect as it is adjacent to a Veterinary Clinic, with ample parking for visiting clients.
Assets Summary and Overview
The total asset value of the business is at R114k, this includes comprehensive list of Grooming equipment used by this type of business, a full asset list is available.
What is the reason for the sale?
The owner lost her husband and moved back to Johannesburg just before lockdown, and the management of the business from a distance is not ideal, owner therefore decided to place the business in the market.
Why is this a good business?
This business was buit over several years and is now profitable, it is an ideal foundation on which to build.
What is the price plus stock and the profit?
The price is at R308k
The Ideal Buyer Profile
The Ideal buyer would be someone that wishes to work with animals and/or an existing parlour/pet business that could add this business to their existing business in the region.
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Annual Turnover Amount between R 500 thousand and R 6 million