BUSINESS ASSET PRICE: $250,000
REAL ESTATE ASKING PRICE: $1,200,000
With over 3 acres of land, this dog boarding facility is unique because it offers not only 160 indoor/outdoor suites but also 3+ acres of real grass and ample outdoor play space. The acreage maintains its natural appeal for dogs on the heavily treed acreage. Dogs get the chance to play in a real yard, and all the suites have ample natural light. In 2019, at only 20% capacity, the business generated over $408,414 in revenue with an SDE of $137,435. Revenue can grow tremendously if the facility is brought up to the industry standard of operating at 50% capacity. While 2020 and 2021 maintained occupancy levels closer to 10% capacity, the facility still broke even. The current owners have another business that took off during the pandemic, so they are ready to see the dog boarding facility reach its full potential with a new owner. The business asking price of $250,000 includes 160 indoor/outdoor boarding suites and build out valued at well over $700,000 when new in 2016.
For sale in conjunction with the business is just over 3.2 acres of prime real estate that includes a 3,314 square-foot home. While the property has a distinctly country feel, it is minutes from one of the fastest developing areas of Montgomery county, including booming both residential and commercial growth. With some modifications, the house is perfect to launch a pet grooming part of the business. The grooming industry can be very profitable. There’s also ample room to add cat boarding suites or a veterinarian could run a practice out of the house. The real estate is offered at $1,200,000.
As stated, the industry standard for occupancy at dog boarding businesses is 50%. The forecasted revenue at 50% capacity is over $1 million, which translates to an SDE over $600,000. With people beginning to travel more and more, there is always a need for quality pet boarding facilities, and this one is ripe for growth with its country atmosphere and convenient location.