25% of UK residents are cat owners with an estimated population of 11.1 million pet cats!
And most cat owners are keen to find a reliable, secure cattery to check their feline friends into when they go away.
Owning a cattery business can be a complete lifestyle change for many as it can seem like a dream to look after cats all day from the comfort of your own home. It is, however, an active occupation that requires a lot of time and care.
All cattery businesses include a property within the sale, meaning the purchase price of a
It’s a good idea to find how much similar houses in the area have sold for; this will then allow you to determine what proportion of the asking price is for the property, and what amount is the value of the business.
Some entrepreneurs enjoy the convenience of working and living from the same place, however, it can also be difficult to distinguish when your
Finding the right location is an important step in the buying process as this will not only be where your business is
Also remember that if your location is far away from a town or village, it may be too distant for clients to travel to.
In an urban area, such as in London, it is likely that your
So, make sure that your due diligence includes scouting the surrounding area to see if the business for sale has been encountering these issues.
Again, find out what type of reputation the company has within the community, previous customers and online.
The reputation of any care business should take first priority – including the care and health of animals. So, what are past customers saying about the business? What is the cleanliness of the cattery like and do the cats look happy?
If you plan to overlook the overall care of the animals to make a reduced over, remember that you will be battling a bad reputation too, which can prove very difficult to recover from for catteries or any pet boarding services.