Seizing affluent customers in a purposefully designed boutique. This lucrative business reaps $500k in a year for the owner-operators.
Nestled in an upscale neighborhood, this comprehensive dog business offers daycare and grooming services as well as a retail boutique. With a loyal and steadily growing customer base of affluent and discerning dog lovers, this business is well established as a trusted go-to address for anything ‘doggie’ in the wider community.
The facility features a boutique retail space offering stylish accessories, nutritious food, and premium treats. There are dedicated rooms for washing and grooming and a purpose-built daycare area. An additional drop-off and pick-up point is located in the back of the building.
Grooming and daycare services are the primary revenue generators, accounting for 95% of the income. The business saw a commendable 6% increase in FY23 income compared to FY22 with further growth forecasted for FY24.
Serving a diverse clientele that includes singles, couples, families, and retirees, the business primarily caters to residents of the surrounding neighborhoods. It also attracts customers from farther suburbs who drop off their dogs during their commute.
The business is efficiently run by a team of 10, with a mix of full-time, part-time, and casual employees. The owners mainly handle managerial roles, while dedicated groomers, washers, and experienced attendants support daycare and grooming services.
The owners’ remuneration package totals well over $300k, while still generating a net profit exceeding $174k, ensuring maximum profit distribution within the company.
