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Listing No: BBF-966-52472	Contract Pending
	Public Pictures:

Category	:	Animals/Pets	SIC	:	5999
Detail	:	Pet Shop	Price	:	9,100,000
County	:	Dorchester	Down	:	3,635,000
State/Prov	:	South Carolina	Disc Earn	:	2,797,556
Country	:	USA	Sales	:	8,873,541

This Franchise retail business is growing very quickly under the current ownership. the Seller's discretionary Earnings has gone from around $800,000 in 2021 to aomost $2.8MM for 2022. The revenues and net prifit are expected to be up about 10% this year.

Please do not contact Broker to ask what kind of business is this. First, sign the NDA and read the Confidential Business Review.

Business Name	:	PETLAND SUMMERVILLE Phone: (843) 751-4774
Home Page	:	https://petlandsummerville.com/
Address	:	975 BACONS BRIDGE RD UNIT 151, SUMMERVILLE, SOUTH CAROLINA 29485
Seller	:	Green Eagle Capital, LLC

Listing Type	:	EXCLUSIVE RIGHT OF SALE	Date Revised	:	9/18/2023
Listing Office is	:	TRANSACTION BROKER	Code ERC Code	: :	K-2500

Documents on File	:	Equipment List: Y Lease: N Corp Resolution: Y
	:	Cash Flow: N Balance Sheet: N

: Standard Agreement: Y     Signature on File: Y

Showing Remarks : PLEASE PROVIDE A DETAILED PERSONAL FINANCIAL STATEMENT WHEN YOU SIGN AN NDA TO GET MORE INFORMATION

Reason for Sale : Moving out of state

General Location : Charleston, SC

Organization Type : 'LLC'     Hours Owner Works: 40

: Years Established: 5  Years Owned:  2  Emp FT:  25  Emp PT:  2  Mgrs:  4

Non Compete : Miles:  5  Years:  300  Weeks Training:  4  Cost:   $0

Operating dys/hrs : M-F 11am - 9pm & Sunday 12pm-8pm

Skills/Licenses : None

Business : Is Relocatable: Y    Is Home Based: N    Is a Franchise: Y    Is Lender P/Q: Y    Should Qualify For Visa: Y

Data Source P/L Statement P/L Statement P/L Statement

Year (Cash Flow) 2022 (N) 2021 (N) 2020 (N)

Gross Revenue 8,873,541 4,919,472 4,452,582

Cost of Goods 2,944,454 1,917,206 1,580,049

Gross Profit 5,929,087 3,002,266 2,872,533

Expenses 3,552,317 2,678,762 2,218,307

Net 2,376,770 323,504 654,226

Owner Salary 335,654 167,827 0

Benefits 0 0 1,675

Interest Expense 48,260 83,084 28,213

Depreciation 33,544 34,155 43,362

Other 3,328 156,426 234,668

Discretionary Earnings 2,797,556 764,996 962,144

Accounts Rec 0 N* Real Estate 0 N*

Inventory 150,000 Y* ___________ 0 N*

F F & E 130,000 Y* Total Assets 280,000 Y*

Leasehold 0 N*

*Included?

Lease/Month: 8442 Square Footage: 8700 Building Type: Strip Center

Terms & Options: New long-term lease avail Expiration Date: 2/28/2038

Lender Pre-Qualified Project Summary

Acquisition Costs Down Payment and Financing

Purchase Price 9,100,000 Down Payment 3,635,000

Working Capital 200,000 Loan/Assumable 0

Loan Fees 325,000 Loan/Seller 1,000,000

Closing Costs 10,000 Loan/Other 5,000,000

Total 9,635,000 Total 9,635,000

Loan/Assumable - Amt: 0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00

Loan/Seller - Amt: 1,000,000  Mos: 60  Rate: 7.50  Mo Pmt: 20,037.95

Loan/Other - Amt: 5,000,000  Mos: 120  Rate: 9.00  Mo Pmt: 63,337.89

JOSEPH ALTER Office : (239) 849-9334

BROKER Fax :

Home : (239) 849-9334

SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell : (239) 849-9334

2640 GOLDEN GATE PARKWAY, SUITE 204

NAPLES, FLORIDA 34105 Email : jalter@sunbeltnetwork.com

USA Home Page : sunbeltofflorida.com

The information to follow will not show on BLI.
BLI Status:

Include in MLS : Y

Listing Expiration Date : 1/5/2024

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