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 $200,000 of EBITDA / SDE (click HERE for definition) and $600,000 of Revenue.
A General Manager in place to operate the kennel post-close. If an owner is working “shifts”, these hours will need to be replaced with an employee and added to payroll expense.
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