Pet grooming businesses are service providers dedicated to maintaining the health, hygiene, and appearance of pets, primarily cats and dogs. These businesses cater to pet owners who prioritize the well-being of their animals, offering services such as bathing, hair trimming, nail clipping, ear cleaning, and flea treatments. Many pet grooming businesses also provide add-on services like deshedding, teeth cleaning, and breed-specific styling, allowing them to cater to a variety of pet breeds and specific customer preferences.
If you are looking to buy or sell a pet grooming business, it helps to have some context on the market, and to understand how they are valued. Below, we have aggregated financial data from current and recent listings to provide benchmarks on valuation and financial performance of pet grooming companies listed for sale. All data is based on broker and business owner provided financial information.
Market Overview
Number of Businesses Analyzed
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171
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Median Asking Price
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$187,450
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Median Reported Revenue
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$286,205
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Median Reported Earnings
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$101,544
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Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.
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Pet Grooming Business Valuation Multiples
Range
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Revenue
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Earnings (SDE)
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Lower Quartile
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0.46
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1.53
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Median
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0.66
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2.19
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Upper Quartile
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1.01
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3.05
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Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price.
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Read the Report:
Pet Grooming Business Valuation Multiples and Financial Benchmarks
FAQs
How much does it cost to buy a pet grooming business?
The median asking price for a pet grooming business is approximately $187,450. However, this can vary significantly depending on the size, location, and financial performance of the store.
How much do pet grooming business owners earn?
On average, pet grooming business owners report median annual sales of $286,205 and annual owner earnings of $101,544. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value a pet grooming business?
Valuing a pet grooming business involves considering several factors, including annual revenue, profit margins, and market conditions. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Pet grooming business revenue multiples range from 0.46 to 1.01, with the median at 0.66. Earnings multiples range from 1.53 to 3.05, with the median at 2.19. These values suggest a typical pet grooming business will sell for around 0.66 times its annual revenue, and 2.19 times its annual owner’s earnings.
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