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Aquarium And Pet Store With Management Team! (37962) For Sale

Sarasota, Florida, US
Asking Price:
$750,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,463,030
Cash Flow:
$283,290

For Sale

Situated in Sarasota, Florida, Seascape Aquarium & Pet Center is the largest Red Sea Fish Dealer in the state and offers a large selection of aquatic livestock such as corals, fresh and saltwater fish, plus their unique aquariums with quality supply.

As one of the busiest centers on the west coast of Florida, they also carry other small animals like reptiles, birds, and amphibians, with a wide range of brand name goods, food, and items for cats, dogs, rabbits, exotic lizards, as well as a nail trimming service for different pets.

Four facilities total about 10,000 square feet and include retail space, storage room, office areas, and upstairs living quarters offering $4K of rental income! Nearly complete with undergoing renovations, the full property is found in excellent condition with zoning for expansions.

It is optional for purchase or lease agreement. A fantastic, streamlined personnel of fifteen employees are cross trained with management in place to continue operations and duties absentee of ownership after transitioning of six months.

The customer base consists of Residential (80%), Commercial (10%), and Medical (10%) markets with many recurring clientele.

Proudly assisting clients at specified intervals with product ordering, material setup, delivery and installation, plus maintenance services like tank cleaning and water parameter monitoring, the store boasts high ratings and a strong reputation.

Flexibility for optimization offers profit increases through the reintroduction of custom pond design and build services, providing products online, or a stronger marketing program.

Benefiting as a debt-free company,

Sales Projections for 2024 are targeting $1.9 Million, as Revenues last year totaled $1,463,030 alongside Discretionary Cash Flow of $283,290 due to many strategic business investments placed for the new ownership.

The company is now in tip-top shape, 2023’s profit margins are up, with streamlined processes, and there will be minimal capital expenditure needed over the next 5 years!

Property Information

Real Estate:

Lease

Location:

Four-building property valued at $4 Million is available to purchase separately of Asking Price.

Premises Details:

Business can run Absentee of Ownership!

Size in square feet:
10,000+/-

Business Operation

Reasons for selling:

For retirement to focus on health.

Trading hours:

Monday to Friday 10AM - 6PM Saturdays from 10AM until 5PM.

Employees:
15 nonunion.
Years established:
1975

Other Information

Support & training:

With cross-trained management in place, streamlined operations can continue after Owner Transition period of 6 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Standard SBA-term financing will be negotiable for qualified buyers.

Furniture / Fixtures value:
$400,000 - included in the asking price
Inventory / Stock value:
$300,000 - included in the asking price