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Pretty sure the OP meant the $225k was gross income. I know someone who lives in downtown boston and has told me before dog walking is very popular there. She says she sees loads of people lining up in the morning on the sidewalk to have there dogs walked by a particular dog walker and crew.
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Im not sure what its worth, but it definitely has some value. Have to know what the net is and then make a decision from there. Dont forget to add in the couple hundred in leashes and doggy treats.LOL
Get a professional business valuation, if you have sales of 225K what is the net income? 50K 150K Gross sales are important but net income is too. Lots of small business owners don't show any real value to thier business intenionally, because if they did they would have to pay taxes on it.. so they have as many expenses as possible. Its fine while you own the business, but not as good if you are trying to sell it. If you can afford to spend about 7500 you should be able to get one. The business valuation could be used to help the buyer get a loan, they you could do a buy-sell agreement, or just a selling agreenment ? a professional valuation, is something that banks and other institiutions(courts) use for legal purposes et. therefore.. I see know reason why if you have a buyer they could not try to get financing.
If there is real value...don't listen to all the nay sayers..
I walk dogs right now for a living. Who knew it could be so lucrative and give you so much freedom to actually live your life. I walk between 6-8 dogs (or clients if they have multiple pooches), and thus bring home $90 - $150 per day. I work for a maximum of about 4 hours per day between 11-3pm. I also do overnight care which of course is a bit more. I charge per dog, and more so if the dog has a medical condition that needs to be watched more carefully.
I enjoy the fact that I can go and do what I want in the mornings and meet up with friends in the afternoon for coffee or tea. I can also take pups out and enjoy their company and their personalities.
I am not by any means knocking a so-called "real job" but am starting to wonder if i would have quality of life working from 9-5; Monday to Friday.
Besides that a bit of dog poop is so much better than that of the office politics!
By the way - if this person is valuing the company at $225K per annum - they have multiple dog walkers working for them. It can be done - I am watching with the company that I am with. It all depends on the diversity of those who are willing to do the work. There is money in pet care. Its like child care for our furry family members!
On average in NYC dog walkers make between $50,000 to $100,000 a year. I run my own service and do very well.
Im having a tough time believing dog walkers are a business... that brings in that much cash
but then again..im up in maine 95% trees, we just open the door to let our dogs out and hopefully they come back
you need a better name than dog walker,,,just too generic..
id want to be a dog walking whisperer, or the canine hiker. ..something more exciting than a dog walker,,,altho if someone needs one,,thats what they look for
So there really are dog walking businesses? I thought this was a total joke as I have never heard of it. My apologies. I used to scoop up doggie poo, and I barely made minimum wage after expenses. Maybe I should look into this if there really is this kind of money to be made.
Yes, there are dog walking services, especially in big cities like NY. People love their pets yet don't have the time and/or not around to walk their dogs, so they are willing to pay people to do that. They do not want their dogs to be stuck all day in some apartment with no exercise, no interaction with anyone, not to mention needing to go potty, so they hire people. Many times their pets are like children to them and they will gladly pay someone they trust to do this.
I own a pet care company that does dog walking, dog and cat sittings. YES, it DOES BRING IN 6 figures a year.
It is a business just like any other business. There are expenses just like any other business. It's optional to have a store front but many can run one out of their home. As most jobs are done in the pet owner's home. It's a smart business to enter. Low overhead and very profitable. I quit my salary paying magazine job because I knew I would make a better living doing this...I was right. There are pros and cons to every job. But yes, this is a lucrative industry.
My advice to the original post is discuss with a lawyer and your accountant about the best way to sell your company.
Yes, to all of you non-believers, I have an accountant and a lawyer.
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I thought this was a total joke as I have never heard of it. My apologies. I used to scoop up doggie poo, and I barely made minimum wage after expenses. Maybe I should look into this if there really is this kind of money to be made.
