Summary: 
An absolutely beautiful dog boarding and daycare in Lincoln with inside and outdoor runs!
Business Type: 
pets
Location: 
Nebraska
Price: 
$178,000
Sales Revenue: 
$166,568
Cash Flow: 
$51,798
Realestate Included: 
No
Employees: 
3
Internal Listing:: 
ANI004
Reason for Sale: 
Retiring to Canada

An absolutely beautiful dog boarding and daycare in Lincoln with both inside and outdoor runs! Rurally based family owned boarding kennel which offers personalized services with premium care for all of their clients. Their facility sets on 20 acres of land with a 2,500sqft facility for ample space to encourage growth as well as comfortability of openness.

Providing services of overnight and daycare boarding, grooming, extra day exercise and exercise hikes. Flexible hours to accommodate clients schedule. Fully staffed with equipment in place for smooth ownership transition. Business operations are enacted by one full time kennel manager, one full time groomer and one part time kennel worker. Assets worth over $52,000 are included in this purchase such as 40 dog kennels, 26 outside kennels, 8 portable kennels, grooming station, 4 suites and office amenities.

Currently only operating at half capacity which enables a new owner to be able to increase sales by implementing new marketing strategies. Growth opportunities are abundant by adding new classes, obedience training, puppy socialization and combining services for package offerings. Regulation requires that all dogs must be current with their vaccinations prior to being able to be boarded, therefore this would be an ideal opportunity for a Veterinarian to add this to their current business or for a new business owner to build relationships with Veterinarians for referral sources.

Seller started this business 13 years ago and is ready to retire in Canada. Seller will assist new buyer for three months.

Financial Overview
List Price: $178,000
Gross Sales
2015 Annualized: $187,454
2014: $166,568
Owner Profit/Cash Flow
2015 Annualized: $66,299
2014: $51,798
Trends: 11% Growth in Gross Sales Projected in 2015 and 22% Growth in Gross Profit Projected in 2015
Profit Margin: Consistently over 30% for 5 years
Multiple: 3.44 *Multiples range from 1-5, with the average being 3
Valuation: 2014 Cash Flow x Multiple = Price
$51,798 x 3.44 = $178,185

Assets Included in Purchase: $52,650
Equipment: $51,650
40 Dog Kennels $40,000
26 Outside Kennels $2,600
4 Suites $4,000
Stainless Steel Grooming Station $2,000
8 Portable Kennels $400
Office Furniture, Washer, Dryer, Refrigerator, Pressure Tank $2,650
Intangible Assets: Kennel Connection Software $1,000

*amounts may vary

Business Information
Years in Business: 13 years
Location and Service Area: Lincoln, NE
Capacity: 44 maximum, unless same home has two dogs that want to be bunked together then can hold 62 – not done unless requested by owners
Lease: 20 acres, 3 wells and 2 lagoons, 6 exercise yards, 2,500sqft kennel, 4ft fencing around property
Services Offered: Overnight boarding, daycare boarding, extra day exercise, exercise hikes
Reason for Selling: Retiring to Canada
Employees: Full time kennel manager, full time groomer, part time kennel worker
Hours: M-F 7:30am-6pm, Sat 7:30am-noon, Sun 5pm-6pm. Monday through Friday closed from 11am-2pm
Complimentary Seller Training Period: Willing to train and transition for 3 months post-closing
Growth Opportunities: Obedience training, puppy socialization classes and combine doggie daycare and training, currently boarding 23 dogs/day room to increase to capacity. Partner with Veterinarian for vaccinations to increase dogs to board
Current Owner’s Responsibilities: Currently oversees in a management capacity the staff in place handling the day to day operations. Lives in walking distance and is readily accessible for assistance if needed.

Funding Example
Purchase Price: $178,000
15% Buyer Down Payment: $26,700
15% Seller Financing: $26,700
70% Bank Loan: $124,600
Bank Loan over 40% Collateralized
Net Operating Income (Profit) $24,516
91% Return on Down Payment in Year 1

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