Our PetGroomer.com Classified Ads has the largest collection of grooming business for sale or lease ads in one place since 1998. We suggest career seekers review the ads. You will love the ones with pictures too! You can learn a great deal about buying a business just from reviewing them, but there’s a lot more to learn.
 

Advantages of Buying a Business

If you don't want to start a grooming business from scratch, buying an existing one may be your alternative. First of all, there are plusses and minuses.

The plusses are:

• Existing Customers. Customers and loyal clients have already been developed. Ensuring that they are likely to stay with your new ownership means you will have demand for services from the start, and that means cash flow from sales of services.
• Businesses started from scratch have much less initial cash flow.
• Immediate Operation. You can start immediately.
• Existing Goodwill. Presumably the present owner has created goodwill towards the businesses grooming and other pet care services.
• Financial Planning. Financing may be easier to obtain because the business has a track record.
• Eliminate Competition. Buying a business may eliminate a competitor had you started your own business.

The minuses are:

• Problems. There may be unapparent problems in the business that you do not discover till after the sale of the business.
  Cost. Sometimes buying an existing business costs more than starting one from scratch.
• Obsolete Equipment. Grooming equipment, tools and leasehold improvements may be obsolete or in need of substantial repair.
• Personality Conflicts. If some of the existing employees are staying in your employment, there may be personality clashes. Specifically, owners new to the grooming industry keeping very experienced employees may be pushed to pay higher commission wages or salaries or other scenarios taking advantage of the new owner. It really helps when the new owner(s) know how to groom and are not dependent on having no choice but to maintain the present full-charge staff.
• Receivables. If the seller is owned receivables from clientele, you may find they are worthless or hard to collect.

When buying a business you should exercise caution throughout the entire process from researching it to finally signing a contract of sale. You are strongly urged to have the assistance of a lawyer and accountant throughout the process. Not having both has often been the cause of problems when buying an existing business. Unscrupulous sellers can take advantage of buyers. The courts have seen many such cases. Never buy a business without a contract of sale reviewed by your attorney, never. Don't sign documents relating to the sale without your attorney's prior review.

You start by locating a business to buy, researching it exhaustively and making the decision to buy or not.

• Locating a Business to Buy. Our PetGroomer.com Classified Ads list grooming businesses for sale. Major pet grooming industry trade magazines also have business for sale classifieds. Your local newspapers, especially major metropolitan newspapers occasionally have grooming business for sale ads. There are major Internet based classified ads web sites you can research from most of the major search engines. Ask your local commercial real estate broker if they access to regional business for sale listings.
• Researching the Business. After you locate a business that interests you, start researching it. Now is the deadline to have an attorney and accountant representing you best interest. The more you research the business the more likely you will make the right decision to buy, or not buy, an existing business. You should be very confident in your purchase.
• The seller may ask you to sign a letter of intent to purchase the business, a non-binding offer for the business, before exposing any sensitive information about the business. You may also be asked to sign a confidentiality agreement promising that you won't use the information released for any purpose other than to make the decision to buy.

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