They are a licensed Colorado pet store under PACFA which is the governing body underneath the dept of agriculture. They support licensed, legal, no cruelty breeders who breed for temperament and companionship. They must exceed all guidelines pertaining to the health, care, and well being of their animals. They specialize in selling high quality purebred and hybrid puppies and the supplies that typically go with them. They have good long term relationships with 5 breeders in 3 surrounding states where they buy most of their puppies and get their supplies from 2 vendors.
The sales price was just lowered to 605,000 from 695,000 which was 725K originally and they are growing steadily with 2018 finishing better on both the top and bottom lines compared to 2017! This is less than 2 times the earnings.
2018 had earnings of 315,243 on revenues of 1.29M. This means that this company is selling for less than 2 times the earnings. 2017 had earnings of 293K on revenues of 1.25M. The company’s top and bottom line has steadily grown. It is considered a fun business to own and gives the new owner the ability to bring in rescue kittens also.
This business is well established and has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. They also get a lot of repeat business and referrals. Plus this business will not change after the sale based on their reputation and location. They have customers that have bought as many as 4 dogs from them and many customers come back to buy the same puppy food from them so they don’t have to change brands for their dogs who love it.