- Pet Store Franchise
Pet Store Franchise
Why buy a pet store franchise?
A pet store franchise is ideal for people who want to go into business for themselves, but not by themselves. Be you’re your own boss, sure, but why start from scratch reinventing the wheel or perfecting a business model that actually works. As a franchisor, we at Pets Warehouse have already invented this particular wheel; now you can swim with the Sharks and not risk being eaten by them. Link
The Pet Industry at a glance
Pet industry spending is at an all-time high with overall spending for 2015 expected to exceed $60 billion*. The American Pet Products Association reports that 65% of U.S. households own a pet, which equates to 79.7 million homes. The pet supply industry has proven resilient expanding 6.5% year-over-year even during the most recent recession.
A record number of Americans have pets—about 68 percent of U.S. households
*AAPA reports that US consumers are projected to spend $60.59 billion on pets in 2015
According to the APPA, Americans spent a total of $23.04 billion on pet food, $14.39 billion on supplies/OTC medicine, $15.73 billion on vet care, $2.19 billion on live animal purchases and $5.24 billion on pet services like grooming and boarding.
When you first get your pet you may need to make a substantial outlay on capital expenses that can’t really wait, like vaccinations and spaying/neutering. Then there’s the cost of the items you may need for your home, like a litter box, crate, leash or fish tank.
The American Society for the Prevention of Cruelty to Animals (ASPCA) publishes a chart that breaks down average annual expenses for different types and sizes of pet. According to the ASPCA, a small dog will cost you $1,314 in the first year, a medium dog $1,580. Want a large dog? Be prepared to spend $1,843 in your first year as a dog owner.
Other pets are more affordable. The ASPCA estimates that a cat will cost you $1,035 in the first year, a rabbit $1,055. Guinea pigs are a relative bargain at $705. The ASPCA estimates that a “small mammal” (think: mice, rats) will cost you $340, a small bird $270 and a small fish $235.
What Experience do I need?
You can rely on our 40+ years of experience in the pet industry. But you should be into pets or aquarium ownership, this biz is all about the animals. We’ll teach you how to run a successful pet store, after all “Your success is our Success”. We even provide the guidance & training you need not only before you open your doors but ongoing, because if there’s anything you need to know, we likely know it and we’ve figured out the resolution to the issue.
Unique Brand Identity
The Pets Warehouse name has been around since 1974, with a website presence since 1997, so long time not only in dog years but real time. Our brand always focused around the animals we choose to live our lives with. Your store will have a nice selection of pets to offer and if you wish to sell aquarium fish you can do that too on several levels from basic freshwater to saltwater reef and corals. A typical store will stock about 7,000 pet supplies and offer them at discount prices below your competition.
If you haven’t already, please check out our competitors’ pet franchises. We know how to build a store for significantly less than them; we did it many times in New York. We are sure we can offer you a biz plan that has lower startup costs higher sales per store than that of our competitors, and at mere fraction of the cost.
A Pets Warehouse franchise On average, it costs between $$225,000 to $385,000 to open a Pets Warehouse store (depending on the market). Franchisees are required to have a net worth of at least $300,000 (in most markets) and at a minimum, $50,000 in liquid funds
Additional Revenue Streams
A pet store with just supplies is NOT real pet store; there are several profit centers in our store plan. Aquarium fish, you won’t sell fish supplies unless there are fish to attract those customers same with bird cages or small pet habitats-you get the idea. Also grooming or self serve pet wash, aquarium maintenance and installation.. See our detailed list of franchise revenue streams.