The Kennels Agency
inc. Rural Living Agency
MARKET UPDATE
The kennel and cattery market is, at last, showing some signs of improvement/recovery all be it rather slower than we would have hoped.
There are a good selection of new properties coming on to the market and a good number of buyers still registering. The main issue holding the market back at the present time is the banks and their unwillingness to lend – not just against kennel businesses but across the board.
To achieve sales, prices have to be realistic and good accounts are always a major plus point in dealing with the banks.
We work on a no sale-no fee basis and do not charge for putting a property on the market, adverting or production of sale brochures. Many of our property sales come from recommendations from previous clients – the best kind of advertising a business can have!
We have encountered instances recently where the banks have issued offers but they have had such ridiculous conditions attached to them that buyers are unwilling/unable to accept the offer.
Here at THE KENNELS AGENCY we are in fruitful negotiations with one of the major banks, who seem willing to get back into this market – it has always been very successful and we do not know of any kennel or cattery going out of business – they have remained buoyant in these difficult times.
Unlike some of our competitors we specialise only in the sale of BOARDING KENNELS AND CATTERY SALES rather than dealing with other commercial types of property or concurrently running other businesses so we are able to concentrate our efforts solely in this market.
Purchasers are able to receive specialist help in preparing professional cash flow forecasts and business plans for lenders. In addition we can offer weekend training courses for those wishing to ‘try before they buy’.
If you would like to have a general chat regarding finance on kennel and catteries please feel free to contact our broker, who will be delighted to assist.
His name is Wayne Wells and he can be contacted on 07767 795195.
