Sealed Bid: Operating Dog Boarding & Daycare Business Plus Real Estate
The Opportunity: Profitable, operating dog boarding and daycare business and its owned real estate in Virginia Beach, Virginia. Buy just the business, just the real estate or all assets combined!
The Business: Great Neck Doggie Daycare opened in 2015 and has a rock-steady operating record since then, averaging around 90 boarders per day in its extremely central and high-traffic Laskin Road location. It varies seasonally, but a typical border mix is 85% daycare and 15% overnight, garnering annual revenues in the low $1,000,000’s. The business operates with a professional staff of around 22 qualified dog lovers.
The business can be purchased with the real estate or without. If you wish to buy just the business and wish to relocate it to an alternate location, you would have 60 days to vacate 2220 Laskin Road OR operate from this location, subject to the five-year NNN lease included in the Property Information Package (PIP).
Summary Lease Terms: NNN, $17 per sq ft, 2% annual escalations, 5-year term.
Post-Covid financials (2021 through 2025) are available in the Property Information Package, subject to signing a Confidentiality Agreement.
Purchase includes all tangible and intangible assets used in operation of the business which are not attached to the real estate. Tangible assets include all inventory and furniture, fixtures and equipment used in the business. Built-in kennels are part of the real estate and not conveyed with the business. Intangible assets include the over 5,500 name client list (over 7,000 dogs), Great Neck Doggie Daycare trading-as name,
greatneckdoggiedaycare.com URL and website, social media accounts, and phone numbers.
Any purchase of the business is subject to the terms and conditions of a to-be-completed purchase and sale agreement.
The purchase and sale agreement is the key to any business sale and details everything including probably a non-compete agreement for 2 years that would not allow the owner to go into competition with the business.
A business asset sale does not include cash or accounts receivable up until the "effective date" of the sale. It would include prepayments. So for example, if as of the date of close there were some dogs boarded whose owners had prepaid for their stay, the amount related to the effective date and forward would be paid to the buyer. Likely a negligible amount in this case.
The Real Estate: 2220 Laskin Road is ideally located at the confluence of Laskin, N. Great Neck/London Bridge Road, Virginia Beach Boulevard and I-264! Buy real estate and business together or real estate without the business. If your interest is in the real estate only, purchase either subject to Great Neck Doggie Daycare’s five-year NNN lease for a great income stream OR without the lease/tenant in order to pursue an alternate use.
Features include:
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Buildings: +/-11,700 square feet
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Parcel Size: +/-0.626 acre
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Desirable B-2, Community Business Zoning
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Multiple indoor and outdoor dog play areas; outdoor areas are covered in artificial turf
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25 built-in kennel spaces (convey with real estate)
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Inviting reception area
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Central HVAC
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Large outdoor inground swimming pool
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Traffic Counts:
- Laskin Road: 7,574 VPD
- Virginia Beach Blvd: 11,612 VPD
- N. Great Neck Road: 37,840 VPD
- I-264: 70,000 VPD
- Total: 127,000+ vehicles in the immediate vicinity of the Property every day!
- Virginia Beach’s population is 459,470, based on the 2020 census. This total traffic count is the equivalent of 25% or more of the city’s population passing by the property daily!
Parcel ID#: 24070596620000
2026 Tax Assessment: $1,125,200
2026 Annual Taxes: $10,914.44
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
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