ABOUT THE BUSINESS
- Location: St Louis, MO
- 3rd Generation family business, open since 1963
- Services provided: Boarding, Daycare, Grooming & Training
- Large single site &residence, 17,000sf
- 110 enclosures with 165+dog capacity
- 24 staff members
While the family’s legacy is strong and the memories are plentiful, the constant responsibility and emotional stress of running the pet hotel has taken a toll on the family. “It’s a tough industry. At times, it was a lot of pressure for us.” said Todd, referring to the anxiety of waking up every day not knowing what problems might be waiting.
“If something happens, it’s our face that’s going to be on the news, you know?” said Mandy, adding that they’ve never spent a holiday away from the facility. “On the holidays, we’re completely full. We’ve always had to work.”
The Williamsburg Pet Hotel has been in the same location, just west of St. Louis, since the beginning. Back in 1962 there were fields of cows next door, but today the very recognizable storefront faces a busy street.
The prime location plus multiple generations of customers – and generations of pets – built a quality reputation for the Williamsburg Pet Hotel that needs almost no paid advertising. The increasing success of a business that practically sells itself made it additionally hard to walk away from.
Even so, always being responsible for the safety of the animals and managing a large staff with plenty of people problems was exhausting. Todd and Mandy started thinking about what it would be like to have a more normal environment instead of a commercial property for raising their daughters, as well living closer to Todd’s parents, who had moved to Florida.
Over the last five years or so, the Rowleys have been approached by potential buyers. They interviewed several brokers before meeting Teija Heikkilä of PET|VET M&A, Sales & Advisory. “We talked to Teija and really hit it off with her. She was just exceptional.” They appreciated how the PET|VET staff walked them through the selling process in manageable steps, never letting them get too overwhelmed. “We wanted someone who would come to bat for us and stick up for us. Teija was very protective.”
“The thing about Teija that we liked the most is that she knew the industry … It makes a huge difference.” Other brokers seemed to only understand the finances of the deal, but Teija had the industry experience to know the value of the facility and the investments they’d made in it.
Teija predicted they would get multiple offers, and she was right. She even knew the co-founder of the company they ended up selling to, which they said was reassuring. But the deciding factor was the buyer’s desire to have Todd and Mandy stay involved. “We were able to release the reins but still have an opinion and a say in how things are run. They believe that the business was so profitable while we were there, why would they want to change anything?”
Todd and Mandy are looking forward to what comes next, after they take some much needed time off. They’ve relocated to Florida, in part to be near Todd’s family, who has been very supportive of the decision to sell. “Everybody says it’s a new chapter,” Mandy said. “I’m like, no, this is a whole new book.”