Great opportunity to buy a well established Petshop with huge growth potential with space to introduce a variety of extra income streams, like Doggy Parlour, Party venue for kids etc. The business is ever growing and has huge expansion potential Upstairs is a Whole area, currently being used as a Living space, but can easily be converted to a tea garden or Party hire venue or Full Grooming centre for dogs. There is a workshop area, which is being used currently for Carpentry, the tools and workbenches are privately owned by the owner and do not form part of the sale, but again the space can be used.
The area currently being used for the Chickens and Bunnies, can be increased and more pets can be introduced. The current Landlord resides in India, and is not too fussy about small amendments made to the inside of the building. One could easily introduce, school open days or Kids parties, where the children can come to the store and connect with the pets. Situated in the Main road therefore, great foot traffic and visibility
Net profit as per Management accounts Y/E Feb 2022 = R673,012
Multiplied by a P/E of 2 = R 1,346, 024 plus stock of R650,000
Selling at R925 000 including Stock