Asking Price: $550,000

Location: Southeastern Virginia

Annual Sales: $618,500

Cash Flow: $309,000

Years in Business: 33 yrs

Inventory included in asking price: Yes

Business Description: We are the oldest, continuously, family-owned Pet Store in Southeastern Virginia & the original Saltwater Tropicals dealer in Eastern Virginia. We have been opening our doors to three generations of loyal customers, as well as local military based communities in Norfolk, Virginia Beach & Newport News, Virginia.

Our reputation even draws customers as far away as Elizabeth City, N.C. Because our area is home to the largest concentration of military bases in the world, we have remained recession proof! Our customer base comes from all socio-economic levels & in 33yrs we've never had a complaint made to the BBB by any of our customers. Our goal has always been to offer a wide variety of quality products backed by our superior customer service. That's why we're so successful in competing with the large "chain stores", who don't care about the customer , after the sale is made.

We lease our space in a busy, well-maintained shopping center with ample parking & security. Our Landlord is local & offers fair & honest lease contracts. Our store is approx 5600 sq ft @ $5444/mo including CAM. Our lease expires 11-30-09.

The store features a bird room, small animal & reptile room, freshwater & saltwater fish & aquariums, an indoor waterfall Koi pond, as well as all the dry goods & pet supplies our customers need to maintain their pets & aquariums. There is a large stock storage area & work shop in the rear of the store with shelving & work tables, as well as office space & an employee lunch area. The office furniture, including 2 safes & the lunch space table, chairs, microwave, coffe pot & 2 refrigerators will convey. The store is well stocked & all the inventory & fixtures are included in the asking price, as well as retention of the store's well known name & impeccable reputation. In addition, the cash register, time clock, 7-camera security & recording system, check/credit card machine & brand new back-up air compressor are all included, as well. The store is already wired for Cox Cable phone, fax & internet services. Our experienced Manager & knowledgeable staff, who have an extensive customer following, are willing to stay on & work for the new owner to facilitate a smooth, efficient transition. This is essentially a "turn-key" proposal.

Number of employees: 5-15

Financing available: No financing available

Reason for selling: Owner is retiring & relocating.

Contact information: bwhorton1@cox.net

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