Criteria for Partnering
Below are the preferred characteristics for kennels joining in a sale:
Kennels located in Texas are preferred, but will consider out of state kennels as well.
Businesses that offer dog boarding and daycare as its primary service. Additional services such as grooming or training can be a huge plus but can’t represent a majority of revenue.
Minimum $600k of Revenue, but will consider $500k with low rent
Minimum $100k of Earnings, but will consider special situations
A fully staffed operation in place at closing, including Management. If you don’t have this in place, we may be able to relocate one of General Manager’s, so it’s still worth a conversation.
Highly populated locations in growth areas are ideal. Alternatively, less populated areas that have minimal competition.
Long-term lease in place or additional lease renewals negotiable with Landlord. Lease must be assignable.
If you own your property, willingness to enter into a long-term lease with the buyer or sell your property. The monthly rental amount you charge will be treated as an expense on the buyer’s P&L.
Preferably using Gingr Software but not required