Popular Dog Bakery and Boutique - SC2124

Popular Dog Bakery and Boutique - SC2124

Financial Information
Asking Price: $225,000
Cash Flow: $65,000
Gross Revenue: $150,000
Down Payment: $225,000

This California based dog bakery and boutique is a California Sole Proprietor and has been in business for 15 years and under the same current ownership since inception. Nestled in a prominent area downtown, this bakers provides and sources many baked goods that are vegan and also contain no wheat, corn, soy or sugar. She also sources treats from many other vendors, so a new owner will not need to be a baking specialist! From the tiny apple cupcakes to bone-shaped birthday cakes made from gluten-free flour, honey, cinnamon and egg substitutes, these doggy desserts are every bit as healthy as they are tasty. Additionally, this show has unique toys and gifts for your pets, curated from exclusive and high end providers, as well as local talent who make these goods. You can find chic totes, pet portraits and items from Sniffany & Company and Barkingdales.

The global pet snacks and treats market size was valued at $33.16 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2022 to 2030. In recent years, pet owners across the U.S. have been spending significantly on their pets’ well-being and nutrition. According to statistics provided by the American Pet Products Association (APPA), in 2019, owners spent around $97.1 Billion on pets in the U.S. This trend correlates with the growth of certain pet food segments, including healthy treats, snacks, specialty pet foods, and other premium options. Even amid the COVID-19 pandemic and the global economic crisis that ensued, pet industry sales exceeded $29.17 Billion in 2020. This growth can largely be attributed to the growing number of pet ownerships, as many people sought out pets during the pandemic for comfort and companionship.

The increasing number of pets across the U.S. is driving the demand for pet snacks & treats in the country. For instance, according to the U.S. Pet Food Industry’s pet ownership study, in 2020, pet ownership rose from 67% of households to an all-time high of 70%, which is confirmed by the APPA. The booming pet treats market in the U.S. will continue to create opportunities for market players, particularly from a supplier viewpoint. As consumers continue to be price-conscious, developing premium lines that also tap into other categories, such as breed, age, and lifestyle, are seen as an opportunity for manufacturers to offer added value.

Business Location
City: California
State: California

Reason for Sale
The Seller is selling to pursue other interests.

Detailed information
Year Established: 2008
Home Based: No
Franchise: No
Relocatable: Yes
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 1
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 35
Adjusted EBITDA: $65,000
Inventory Included: Yes
Inventory Value: $60,000
Monthly Rent: $1,250
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1100
FF&E Included?: Yes
FF&E Value: $15,000

Training/Support
Training is available for 2 weeks at 30 hours per week, and additional training and support can be provided at mutually agreed upon terms between the Buyer and the Seller.

Market Outlook/Competition
Growth can be obtained by increasing marketing efforts as well as implementing an improved online presence and online ordering/sales and improved social media presence. Growth can also be obtained by partnering with other businesses in the local area to showcase and provide the homemade baked goods and products at their establishments.

CA 02100708
NV 1003039