Your one stop pet store
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Business Description
High profile pet store trading opposite shopping centre. The business was established in 2012 by the current vendor and has been running under management for many years. The pet store is your one stop shop for all your pet needs.
Large modern premises (around 400sqm) make shopping for your favourite pet a pleasant experience backed up by the store's knowledgeable team who provide
great service and information.
The store operates 7 days and employs two full time staff plus two casuals (with minimal involvement from the owner - around 10 hours per week). The store
is currently a franchised store; however, it can be sold as an independent store.
At a glance:
- Sales around $1.2 million
- Trading from high profile location with good parking
- Large modern premises (approx. 400sqm)
- Has been running under management for many years
- Consistent sales & highly profitable
Extended Price Information
| Goodwill including Plant & Equipment | $260,000 |
|---|---|
| Stock at valuation (approx) | $140,000 |
| $400,000 |
Financial Summary
| Year | Sales | Return to Owner | Return on Owner's Investment | Return to Investor | Return on Investment |
|---|---|---|---|---|---|
| 2014/2015 | $1,211,216 | $181,011 | 45.20% | $126,918 | 31.70% |
| 2015/2016 | $1,240,093 | $178,807 | 44.70% | $124,714 | 31.20% |
| 2016/2017 | $1,252,056 | $158,538 | 39.60% | $104,445 | 26.10% |
| 2017/2018 | (annualised) $1,202,637 | $165,877 | 41.40% | $111,784 | 27.90% |
The return to owner is a net return to one working owner after all expenses and wages but excluding the vendor's ’wage. This business is currently run under management and the owner only works approx. 10 hours in the business. The franchise fees have been added back as the pet store does not need to be run as a franchise.
Staff Summary
Two full time and two casual staff members. This business is currently run under management and the owner only works approx. 10 hours in the business.Lease Summary
| Current Rent | $12,055.84 per month including GST |
|---|---|
| Lease Term | 4 years |
| Lease Commencement | 1st May 2017 |
| Right of Renewal | Nil |
| Outgoings | Paid by tenant |
| Outgoings | CPI annually |
| Bank Guarantee | Equivalent of 3 months’ rent |