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With little to no overhead in a destination mixed-use development spot and a 344% return on investment, this in-home pet care service appeals to today’s modern pet parents by allowing them to stay connected and up to date with each visit using their app. A GPS tracked digital report card with notes and pictures is sent after every visit, so clients have a peace of mind by seeing how their pet is doing. This company also utilizes lock boxes, so there is not any unneeded contact from employee to pet owner amidst COVID-19. A professional team of 6 part-time walkers and sitters, who are all trained on pet body language, behavior, care, and handling techniques through FetchFind and are pet first-aid and CPR certified, provide services from 7am to 9pm each day. Services include primarily dog walking and pet sitting, for dogs and cats, in the client’s home. Other services provided are pet grooming, pet taxi, wedding pet chaperoning, pet food delivery, and custom harness fitting and equipment consultation. 90% of this company’s business is in a mixed-use development, a destination spot outside of downtown Austin. In just 1.5 miles there are over 5,000 residential units along with high-end retail, bars, restaurants, and office space. This allows for a thriving pet care business without having to travel all over the city. This area of Austin is a hot spot for young urban professionals with no children, besides their fur babies. Austin is a very pet friendly city overall with very high dog adoption rates being one of the largest no-kill cities in the country.
This company was the first established pet care provider that catered to this area. Some other companies have tried to offer similar services in the area but have failed to succeed due to this luxury in-home pet care’s reputation and loyal client base. They rely heavily on word-of-mouth referrals, making them the preferred pet care company for 7 to 8 of the apartment communities in the area. Relationships are fostered through the apartment leasing offices and all pet owners to move into these apartments receive the company’s marketing materials in their welcome packets.
The owner is looking to relocate and will stay on 6 months to help with the transition. They are currently serving as general manager, but someone could be hired to easily take over this position.
At the purchase price of $89,000, a 10% down payment of $8,900 returns $30,629 in the first year after debt payments, which results in a 344% return on investment.
North Austin TX, serving 8 Multi-Unit complexes in the community
Purchase Price: $89,000
10% Buyer Down Payment $8,900
10% Seller Financing $8,900
80% Bank Loan $71,200
A 10% down payment of $8,900 returns $30,629 in the first year after debt payments!
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