Property Descriptions

I believe in total transparency and full disclosure, so here goes. 1. This is one of the finest dog-related businesses that I have ever seen, and I have sold six. 2. The owner will work hard to insure that you succeed. 3. The neighborhood is totally delightful and encourages walking as opposed to just driving. 4. The kennel cages are top of the line quality and cannot be replaced for their original cost. 5. The retail inventory is overwhelming with food, toys, accessories, etc. 6. The owner can prove the represented cash flow. 7. You will be unable to obtain a SBA loan because the tax returns differ from verifiable cash flow. 8. You will have to renegotiate the lease with the Landlord because the current lease expires in 2 years. 9. If you want the owner to consider partial owner financing you will need $250,000 cash, a strong Personal Financial Statement, an impeccable credit report and a genuine love for dogs. 10. For those of you who want to know how the price was determined, it is as follows: cash flow x 3 plus inventory at cost plus FF&E at fair market value. 142,286 x 3 = 426,858 + 45,000 + 42,950 = $514,808. This type business is highly desired due to people's love of dogs and sells for multiples of between 3 to 4 plus inventory at cost plus fair market value of FF&E. 11. There are roughly 2,000 customers.