Profitable Dog Day Care, Boarding, Grooming Business-Absentee Owner

Santa Monica, Los Angeles County, California, United States

Asking Price$950k

Revenue-

EBITDA-

Cash Flow-

Description

***RECENTLY REDUCED ASKING PRICE*** Profitable doggie day care, overnight/kennel facility, grooming business. Facility Total 5,000 sq ft facility with 18-foot ceilings, brick walls, front & back parking • Tenant improvements include earthquake retrofitting, ADA compliant facilities, permitting parking, HVAC and roofing • Private boarding: 40 mixed size crates and 25 large dog areas including suites • 3,000 sq ft play yard separated into three play areas with vinyl fence, flushable potty stations, cushioned rubber flooring, drainage, and air circulation • Office and front desk with touch screen computers • Employee break room with refrigerator, lockers, microwave, and sink • Lobby with OPTO retail installation, TV monitors, and A/C • Grooming area with grooming tub, table, and storage • Meal prep area, storage lockers, dish cleaning station, mopping and chemical station, washer & dryer Unbeatable Location Located in the highly sought after city of Santa Monica, CA and close to office parks such as the Water Garden, Pen Factory, Lantana & more • Close to the 10 freeway off of the Cloverfield exit and near public transportation • Within two miles of over 20 luxury apartment complexes • High income area with average household income of $158k • Limited competition in Santa Monica – Only two other overnight facilities • High barriers to entry for new overnight boarding due to strict zoning regulations, parking requirements and lengthy permitting process Zoning: “Industrial Conservation” Zoned for current use with the City of Santa Monica Parking: Nine parking spaces, including one handicap and one loading area; parking spots are located in front and behind the building Parking is grandfathered for current use with the City of Santa Monica Lease Rate: $15,915.50 per month with 3% annual escalation Lease Terms: Triple net industrial lease agreement. Property taxes are ~$8k annually Lease Expiration: October 31, 2029 Lease includes clause that allows buyer of equal or better credit standing to assume lease. Strong Financial Performance • Consistent profitability over nearly a decade of operations • Dog care revenues of $1.36mln in 2022 and est. $1.47mln in 2023 High Net Worth Client Base • Client base is high net worth individuals and families living and/or working on the Westside of Los Angeles. • Clients include executives and professionals in entertainment, technology, financial, medical, and legal industries. • Average household income in Santa Monica is $158k Fully Trained and Capable Staff • All employees are trained using Fetch Find training videos and proprietary training presentations (Note: transitioning to ProPack) Highly Desired Santa Monica Location • Located in prime Silicon Beach location in the city of Santa Monica near luxury apartments, office parks (Water Garden, Lantana and Pen Factory), the 10 freeway, and public transportation We would love to answer your questions about the location after signing an NDA and receipt of proof of funds. Please email to tell us about yourself and your business interest and request NDA. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified. DRE #01963614

Real Estate

Rent is $1,591,550 per month

Building Size: 5000 sq. ft.

Inventory

$6k

Business is

Absentee Owner

Number of EmployeesFull-Time: 25

Year Established

2010

Reason Selling

Focusing on other related business opportunities.

Facilities & Assets

Well Maintained Facility • Initial tenant improvement and investments of ~$350k in 2010 plus ongoing improvements totaling $300k • Recently replaced/added HVAC system, cooling roof, flushable potty stations and fencing in 2022 & 2023 (~$120k in expenditures)

Support & Training

Full developed policies and procedures for daily staffing to support 100+ dogs per day. Fully Trained and Capable Staff. All employees are trained using Fetch Find training videos and proprietary training presentations (Note: transitioning to ProPack)

Market & Competition

Limited competition in Santa Monica – Only two other overnight facilities. This location is an asset to a growing business as a 2nd or 3rd location. The current name, website/trademark will not be conveyed in the sale. Seller has developed a new trade name/logo/trademark and assets for buyers who need marketing. For businesses that do not need branding then this is non issue. Seller may assist in marketing/branding help. Website sees 60k users per month.

Growth Opportunities

Significant Growth Opportunities for New Operator • Ability to expand grooming adding $150k+ in sales • Install additional large dog overnight areas to increase daily boarding • Upsell enrichment and add-ons • Increase retail sales

Financing Options

Will entertain seller financing with a considerable deposit. Closing through escrow.

Asking Price$950k

Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.