Lifestyle Pet Boarding Kennel NW of Chicago!

Suburbs of Chicago
ID # IL106

$1,450,000

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DESCRIPTION

This large volume facility has a solid market share due its reputation, longevity and excellent staff.  The kennel has over 130 dog capacity and offers grooming and add-on services with boarding being the main revenue generator.  The facilities are located on an acre of land with several outdoor yards for individual and communal play.  Business is in compliance with zoning and no special or conditional use permits required.

The heart of this facility is its staff.  The employees have exceptional longevity with the company, besides seasonal staff, the core group has been with the business for over 10 years!  This is unheard of in this industry considering the typical high turnover rates. It is expected that the staff will retain their employment with the buyer.  The current owners are semi-absentee spending several weeks of the year out-of-state building their retirement home.   This has obviously contributed to the highly loyal clientele who continue to patronize the business resulting in year-over-year increasing revenues.  The business is generating over $800,000 revenues with very healthy profit margins

In addition to the kennel facility, the property has a 2375 SF, 4 Bedroom / 2 Bath residence.  The home has an open floor plan with lots of light coming in from the various windows, modern kitchen, private master with a large jetted tub to relax in and a sunroom to enjoy your morning coffee!  Granite countertops, vaulted ceilings, eat-in kitchen, formal dining room, etc.  Plenty of amenities to make it your new home!

Despite the business being exceptionally well managed and operated, there is still realistic room for growth and expansion. Business will qualify for SBA financing, ROI is great after debt service (and your housing is paid for). All this within a 30-minute drive from downtown Chicago!

PROPERTY DETAILS

Business Asking Price: $600,000
Real Estate Asking Price: $850,000
Total Asking Price: $1,450,000
Real Estate Included: Yes
Residence Included: Yes
Gross Revenues: $831,668
SDE: $256,670
EBITDA:
Year Established: 1975
Land Size: 1.01 Acre
Kennel Building Size: 4,425 SF
Downpayment: $217,500
Services Provided: Boarding, Grooming
# of employees: 9