Turnkey Pet Retail Franchise
For Sale
$1,500,000
1601 Bull Street, Savannah, GA 31401
Well-established pet bakery and grooming franchise with four leased locations across Savannah-area retail corridors.
Property Size8,189 SF
Price / SF$183.17
Days on Market112
Property Features for 1601 Bull Street
General Information
Standard status
Active
Size
8,189 SF
Additional Details
Business Included
Yes
Listing Agency:
People First Real Estate
(850) 603-0234
Listed By:
Michelle Wolfe · License #402292
(850) 603-0234
Source:
Exprealty
Added: Apr 24
Changed: Jul 22
Last Checked: Aug 12 at 11:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of People First Real Estate
Investment Insights
Based on property information with market context.
This offering presents a turnkey Woof Gang Bakery & Grooming franchise business opportunity operating across four established locations. The business provides pet-focused retail offerings and professional grooming services, with all locations described as currently leased. The seller indicates a buyer can step into a fully operational, franchise model without owning the underlying real estate.
Locations included in the franchise offering are listed as Downtown Savannah at 202 W Saint Julian St, Pooler at 100 Blue Moon Crossing, Suite 102, Midtown Savannah at 8507 Ferguson Ave, and the Bull Street corridor at 1601 Bull St. The remarks characterize these sites as benefiting from strong brand recognition and high-traffic retail environments.
Financials and additional business details are available upon request, and an NDA is required for further information.
Locations included in the franchise offering are listed as Downtown Savannah at 202 W Saint Julian St, Pooler at 100 Blue Moon Crossing, Suite 102, Midtown Savannah at 8507 Ferguson Ave, and the Bull Street corridor at 1601 Bull St. The remarks characterize these sites as benefiting from strong brand recognition and high-traffic retail environments.
Financials and additional business details are available upon request, and an NDA is required for further information.
Key Highlights
- Business‑only turnkey Woof Gang Bakery & Grooming franchise operating across four leased locations in Savannah‑area retail corridors
- Downtown Savannah location: 202 W Saint Julian St
- Pooler location: 100 Blue Moon Crossing, Suite 102
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,859,200
$1.9M
Cap Rate 7%
$1,328,000
$1.3M
Cap Rate 9%
$1,032,889
$1.0M
Market Conditions
NOI Build-Up for 8,189 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$142.5K $17.40/SF
− Vacancy
−$9.7K −$1.18/SF
EGI
$132.8K $16.22/SF
− OpEx
−$39.8K −$4.87/SF
NOI
$93.0K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,859,200
Cap Rate 7%
$1,328,000
Cap Rate 9%
$1,032,889
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,960 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.65M
$6.70M – $8.93M
NOI $535,721 @ 7.0% cap · market cap 35.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Beauty & Spa 26%
Shops & Services 19%
Apparel 5%
Popeyes Louisiana Kitchen
Dining
7,295 visits/mo
0.5 miles
Sola Salon Studios
Beauty & Spa
5,104 visits/mo
0.4 miles
Woof Gang Bakery
Shops & Services
3,097 visits/mo
0.1 miles
Domino's Pizza
Dining
1,546 visits/mo
0.5 miles
Catherines
Apparel
1,077 visits/mo
0.5 miles
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-established pet bakery and grooming franchise with four leased locations across Savannah-area retail corridors.
Where is this retail space located?
The property is located at 1601 Bull Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Business‑only turnkey Woof Gang Bakery & Grooming franchise operating across four leased locations in Savannah‑area retail corridors; Downtown Savannah location: 202 W Saint Julian St; Pooler location: 100 Blue Moon Crossing, Suite 102
