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Pet Store With Residential Rental Property For Sale

Washakie, Wyoming, US
Asking Price:
$298,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$129,771 (USD)
Cash Flow:
$9,323 (USD)

Pet Store, Prime Commercial Building, Pet Grooming, Potential Veterinary Clinic (has been so used in the past) and two unit Residential Rental Property in the heart of the Big Horn Basin, Wyoming. This is a wonderful opportunity for a person or family that enjoys pets and would like to live next to the store in one of the rentals, or have two rental properties right next to the business, or use the commercial property for something else entirely. The location is adjacent to one of the largest fast food restaurants in town. This is an excellent opportunity for a small specialty restaurant or retail store. The income from the rental properties has been used to offset the rents for the Pet Store pro forma income. So the buyer has the potential of increased income form the rental properties over and above the pet store revenue. Owner would like to sell the Real Estate primarily, the business is included with the price of the real estate. Price for the business is $18,000, price for the Real Estate (two buildings on one lot) $280,000, total price for the package is $298,000. The price is the same with or without the business included. The Seller is willing to finance up to 10% of the purchase price for a Buyer with approved credit.

Property Information

Premises Details:

This offering is for one prime commercial building and a two unit rental building on a 7,726 sq ft lot zoned commercial mixed use in the heart of the Big Horn Basin, Wyoming next door to the best West-Mex restaurant in town. The first building houses the retail business. Building number one is one floor, approximately 1933 sq ft (subject to verification) wood frame on slab built in 2013 as a retail pet store in the front and a veterinary clinic or other service such as holistic medicine or expanded grooming in the back. The building is in very nice condition. Retail and grooming area are in the front of the building, in the back is the owners office, modern air handlers, hot water system, newly remodeled bathroom, storage area, upgraded electrical service, and remodeled veterinary clinic or other service area with separate rear entrance and overhead door. Approximately 12 retail parking spots and three residential parking spots. This is a very well maintained building.

The second building (the Rentals) started life as an older home, originally built in 1928, the building has been used in the past as a commercial building and was last known as the Hair Hut. The owner remodeled the building, leaving the utilities and plumbing for sinks and electric behind the walls and turned it into a two unit very nice modern residential rental property approximately 912 sq ft upstairs and 912 sq ft down (subject to verification). Estimated rental for the upstairs unit $750 per month and the down stairs has historically and is currently leased for $500 per month. The rental or potential rental from the residential property has not been included as an offset to rents in the P&L. Potential additional income from renting both units $15,000 annually. All of the sinks, dryers and sign are available if the buyer would like to convert the residential rental back into a salon or turn the main building into a salon, laundromat or other opportunity. The opportunities are endless.

Business Operation

Expansion Potential:

The business retail should see significant growth with the implementation of the new on-line store. The grooming portion of the store continues to grow. With the incorporation of a veterinary clinic or other pet health operation in the back, the store can continue to grow. There is a strong need in the area for a pet pharmacy including demand from the agricultural side to purchase vaccines and other pet pharmaceuticals over the counter. The buyer has the option of living in one of the rental units or leasing one or both out and to increase the overall revenue of the business. Additional potential revenue for the upstairs unit is estimated at $750 / month or $9,000 per year. Current revenue for the downstairs unit is $500 per month or $6,000 per year. Total potential additional revenue $15,000 / year and that number is contained in the proforma as an offset to rents paid. This is a prime location in the business district of town. Great opportunity for a laundromat, nail salon or specialty coffee shop. The opportunities are endless.

Competition / Market:

No direct competition in a 100 mile circle. The local grocery store and Co-Op sell generic pet food and some pet toys.

Reasons for selling:

Owner is ready to retire.

Trading hours:

Mon-Fri 9am-5:30pm; Sat 10am-2pm

Employees:
1 PT
Years established:
7 Years

Other Information

Support & training:

Will train for 4 weeks @ no cost
The Pet Store caters to pet owners that enjoy shopping for and caring for their pet. It is one of those traditional shops that we remember from our childhood. Not a big chain store. The owner is there to say hello when you walk in. The air is full of the pleasant chatter of parakeets and love birds. The smell of fresh shavings. Specialty pet food, toys and accessories line the walls. Lovable pet ferrets, bunnies, tortoises, parakeets and fish are there to dream about. A large grooming area with two experienced groomers, sink and washer and dryer. The far back is a newly remodeled area that has been used for and is ideal for a small veterinary clinic or other service area. No special licenses required.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$268,200 down/$29,800 over 60 mos. @ 5%
Seller is willing to consider owner financing including a contract for deed as appropriate. The City participates in a very strong Business Development Association with loan guarantees up to $300,000 for qualifying businesses and may participate in the financing. This is a great opportunity for a first time buyer or new entrepreneur!

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$18,000 (USD) - included in the asking price

Contact Murphy Business & Financial

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