SOLD $99,000 - Retail
Optimal Pet Foods is a pet store that specialises in all natural and healthy pet food, treats, bones, supplements, as well as accessories. The store available is a corporate owned store in the Varsity area of Calgary.
This store was opened in September 2013 and has a loyal clientele. The Franchisor is looking for a first franchisee and is offering an attractive package including low royalty and marketing fees to the right buyer, no franchise transfer fee, and training is included in the price.
The store has 1,170 square feet. This location is open 7 days a week from 10am -7 pm, Mon – Fri, 10 – 5 on Saturday, 12 – 5 on Sunday.
Current annual revenues are in the $450k – $500k range.
The buyer is expected to be a full-time owner/operator with business management capabilities to continue to grow the operations. Critical to your success is your commitment to the systems and standards involved in the daily operation of your store.
The really good news for this industry is that the massive Millennial generation-born between 1985 and 2010, and numbering 100 million strong in North America is just now entering its prime spending years. These folks are the future of the pet industry, and they are embracing pets as enthusiastically as the Boomers. Pet Food Industry annual spend is $24.01 billion.
There is opportunity for a buyer to grow the business with social media marketing, offering excellent customer service and perhaps add grooming as a service.
The buyer will be required to be approved by the Franchisor.
The purchase price includes fixtures, fittings, equipment, franchise fees and training. The price is $99,000, plus approximately $50,000 in inventory at cost. Cashflow to an owner operator is currently $50,000.
If this seems the right opportunity to you call Ken Wither, business broker, at 587 215 2245 for an initial discussion.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, experience, credit rating, and liquid cash available.
Once initial documents are returned specific details and financials of the business will be shared.
Business owners or staff are not to be approached directly.