PetSmart NNN Properties for Sale
Are you looking to buy or sell a PetSmart Ground Lease Property, or NNN Lease PetSmart Property for passive investment? If you would like to buy or sell PetSmart NNN Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Formerly | PetFood Warehouse, PETsMART |
|---|---|
| Type | Private |
| Industry | Retail |
| Founded | August 14, 1986 in Phoenix, Arizona, United States |
| Founder | Jim Dougherty |
| Headquarters | Phoenix, Arizona, |
Number of locations | 1,600+ (2020)[1] |
Area served | United States Canada Puerto Rico (since 2011) |
Key people | J.K. Symancyk (CEO) |
| Products | Pet food, pet supplies |
| Services | Grooming, training, PetsHotel, Doggie Day Camp |
| Revenue |  $7 billion (2020)[2] |
| Owner | BC Partners |
Number of employees | 56,000 (2020)[3] |
| Divisions | PetSmart Charities |
| Website | www |
About PetSmart
PetSmart, Inc. has helped stray pets find homes with families. Rather than selling dogs, cats, rabbits, and other larger animals in the store, PetSmart donates space to local rescue groups. Rescue groups are also provided with donations of food, litter, and other supplies, which collect fees from adoptions themselves. With each adoption, PetSmart gives the new guardians a book which provides basic care information for its new pets.PetSmart, Inc. – Offering Specialty Supplies & Services for your Lovely Pets
As of September 22, 2016, over 7,000,000 pets have been adopted through Petsmart adoption centres. Biannually, PetSmart hosts an adoption weekend featuring more adoptable pets than at any other time of the year. PetSmart, Inc. has 48 America’s Largest Private Companies. It has total growth of 1,510 Global 2000 (2014), 1,292 in Sale, 1,353 in Profit and 1,492 in Market value till the end of fiscal year 31, January 2016.
Its current market value
PetSmart’s revenue in the United States from 2011/2012 to 2016/2017. In 2015/2016, the company’s revenue amounted to 6.96 billion U.S. dollars in the U.S. PetSmart is a specialty pet retailer operating in the U.S., Canada, and Puerto Rico. On March 4, 2015, PetSmart, Inc. issued $1.9 billion aggregate principal amount of 7.125% senior notes due 2023 in a transaction not subject to the registration requirements of the Securities Act of 1933, as amended and entered into a term loan credit facility.
The company’s 20.5%-owned vet services firm Medical Management International (known as Banfield) offers its services in about 850 stores. Investment company BC Partners bought PetSmart in 2015. Net sales for the fourth quarter of 2014 increased 6.0% to $1.9 billion. In financial information of 2014, net revenue was $6916.627. As compared to previous years, its gross profit was $2,115.937 with net income of $419.52 and sales of $7 billion.
How it originated?
PetSmart was founded in 1986 and opened its first two stores in August 1987 under the name PetFood Warehouse in the Phoenix area. In 1989, the name and logo changed from PetFood Warehouse to PetSmart. PetSmart, Inc. (NASDAQ: PETM) is a retail chain doing business in the United States and Canada engaged in the sale of specialty pet supplies and services such as grooming and dog training, PetSmart, PetsHotel, dog and cat boarding facilities, and Doggie Day Care. In August 2005, the company announced that it was rebranding its name from PETsMART to PetSmart.
How does it function?
The Company provides a range of pet food and pet products such as dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services, and pet adoption services in-store. The Company operates approximately 1,477 pet stores in the United States, Canada and Puerto Rico and approximately 203 in-store PetSmart Pets Hotel dog and cat boarding facilities. PetSmart sells pet food and pet supplies in over 1,400 stores. It also offers in-store services including pet adoption, boarding, grooming and training. Founded in 1986 by Jim and Janice Dougherty, the company is currently headed by CEO Michael J. Massey, an experienced retail professional. The company is all poised to touch even higher feats under his supervision.
Investment prospects
In March 2015 a group of Private Equity (PE) buyers led by BC Partners took the company private in a deal worth $8.7 billion. Hardly 10 months after the deal, the new owners got a staggering $800 million dollars as return from the company. The cash return, which is around 38% of the cost of PetSmart’s fixed at the time of private deal, has exceeded all the expectations in the profits under its new management. With high expected returns, the company welcomes the people looking out to invest in the PetSmart properties spread all across the United States.