Pet-Sitting Business Model Details Valuation and Contractor Use
1 report, 1 independent
Updated Thu 00:00
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What happened
A pet-sitting business with 300 clients reported grossing $300,000 last year and netting $90,000. The owner stated the business currently employs 15 sitters, all of whom are independent contractors, and keeps 20% to 30% of each client fee. The owner believes the business could sell for $300,000.
From morningstar.com
Why it matters
The report provides insight into the operational costs and valuation methods for small service businesses. The owner questioned the $300,000 valuation, noting that small businesses of this type are often valued at roughly 2 to 3 times net income.
Commercial pet services are reported to be expensive and operate nationwide, involving entities like Rover in Virginia and New Jersey.
From morningstar.com