Established Firm with Strong Cash Flow and Master Plan to Continue Growing
Overview
Best known for providing exceptional high-quality, personalized care to all pets, with an emphasis on pet comfort. Hence “comfort” and peace of mind extend to their pet-owner customers. This 20+ year-old pet services business enjoys a stellar reputation after years of building confidence and trust among their affluent, repeat customers. A caring, tenured staff, expert grooming services, and expansive wooded outdoor space differentiate them from local competitors. This nearly 3-acre track of wooded, natural land is unlike most nearby kennel facilities in offering a natural experience. Well-established in the greater Charlotte, NC region, the business continues to benefit from rapid population growth, along with dramatically higher pet ownership due to the emergence of remote working during Covid shutdowns.
According to a pre-pandemic study by the American Pet Products Association, 67% of all U.S. households own at least one pet. Industry observers cite the on-going “humanization” of pets as driving the trend towards more luxury pet products and services. With this backdrop of favorable demographics and space to expand, this business is strongly positioned for explosive organic growth. They do almost no marketing beyond their website, relying instead on robust referrals from veterinarians and customers. Quality staff manage day-to-day operations, allowing the owner to step back to a largely absentee managerial role. Owner is willing to remain post-closing for a limited time to assist with a transition.
This business should appeal to strategic buyers seeking to expand their footprint, savvy entrepreneurs with pet industry interest, and financial buyers seeking add-on opportunities.
Real Estate: $950,00
Business: $800,000
Robert joins Viking Mergers & Acquisitions with 30+ years of business experience and a successful entrepreneurial career. At the age of 29, driven to build his own business, he left a prosperous career in hardware and software sales to start a distribution business in his garage supplying engineered parts to the OEM and MRO market. His vision was to bring high-quality engineered parts and technical services into niche markets and to raise the bar on the customer experience. After nearly 22 years of developing the people, the processes, and the strategies to grow, the business was acquired by a $4 billion global Swedish company on February 1, 2017.
Since that time, Robert has invested in multiple start-up companies and is an Advisory Council member and Board Observer with CoPeace, a Public Benefit Corporation / holding company focusing on Impact Investing / growth companies. Robert brings his entrepreneurial mindset to each discussion and is committed to putting his passion, energy, and experience to work for our clients.
Robert and his wife Susan have been married 31 years and live in South Charlotte. He has a B.A. in Business Management from NC State and is the youngest of five children from his family. They have two grown boys, one an NC State graduate and the other a University of South Carolina graduate. Robert enjoys playing golf, and tennis, traveling, and spending time with his family.
