Are Pet Franchises a Good Investment Opportunity?
The pet industry is a $96 billion economic powerhouse that shows no signs of slowing down. While pets have always been the center of many homes, the rise of service animals has only increased the importance of pet care. Many pet owners view their pet as a child and will do everything necessary to care for their furry friend. That means the pet industry is extremely resilient, even in times of economic downturn. With such favorable industry statistics, there’s no denying that pet franchises are a good investment opportunity. But which of all pet franchises is the right one?
Dog owners spend over $1,500 on their pets annually, and about 2/3 of this spending goes towards retail stores and suppliers. While many pet franchises focus on retail, Wag N’ Wash has pet business opportunities that stands out from the rest. Unlike competitors that only provide retail goods, Wag N’ Wash has four streams of income: retail, bakery, self-service wash, and full service grooming. Customers consistently pick Wag N’ Wash over other pet stores because they know they can get everything they need in one place. They also love our selection of all-natural, healthy pet foods and treats. When it comes to pet business opportunities, Wag N’ Wash is leading the game.
65% of US households — 85 million people — own pets and the number of pets has grown to 312 million nationwide. Nearly 80% of those people view their pets as beloved members of the family.
Total US pet industry expenditures reached over $66 billion in 2016. By 2020, the US pet industry is expected to reach $96 billion in sales, according to Packaged Facts, a leading market research firm.
We spend big on our pets, recession or not. An astounding 92% of pet owners spent the same or more on their pets during the most recent recession period.
Food for pets accounts for slightly more than a third of the entire market, with $23 billion spent in pet food annually. Toys and accessories for dogs was up 30% in 2010, from $56 million to $73 million.
According to BusinessWeek, “Pet services is one of the fastest-growing sectors in the pet industry, jumping 8 to 12% per year.” Americans are spending more money on their pets than ever before.
Dog owners spend an average of around $1,641 and cat owners approximately $1,125 per year, two-thirds of which goes to retailers and service businesses.
What Does it Cost?
Excited about our pet franchises? We are too! That’s why we’ve created a great, low cost opportunity for business savvy, pet loving entrepreneurs who want to invest in us. On average, our pet store locations bring in $1.5 million annually. That’s right, you could run a multimillion dollar retail store that is dedicated to dogs and cats! (We promise this isn’t a dream). So..what will it cost? We are proud to say that all this success and cuteness can be yours for an industry low initial investment of only $477,950 – $836,250. The price will vary depending on location and store size, but the investment includes the franchise fee and everything you need to get your shop open and running. Of all the pet business opportunities out there, Wag N’ Wash is the only one with such favorable economics. An investment in our pet franchises guarantees quick ROI and continued success.
Stopped in when the place first opened just to get some cat treats. The plethora of knowledge the owners have regarding the products they offer was amazing. My Mom brought her dog in for a grooming appointment and when we got him back he looked cuter than ever. Please support this local business when you can rather than the big box stores.
MICHAEL W. – HOUSTON TX
Join Wag N’ Wash Pet Franchises
Ready to join our pet franchises? We are excited about growth and it is our goal to see each and every one of our locations succeed. All new franchise owners that join our team will receive everything they need to get up and running from real estate and build out to grand opening advertising for their big opening day. From there, you can expect assistance in everything from training, operations, sales and management, and ongoing support. We are available from day one until forever – don’t hesitate if you have any questions along the way. With our pet franchises, you’ll get to experience all the success of business ownership with none of the headache. Contact us today to learn more.