A pet franchise offers a wide array of opportunities for entrepreneurs with a particular love for furry friends. The expenditure people pay out for their pets only seems to keep growing, and such a business can provide both fulfillment and profit.
The scope for a pet franchise is incredibly diverse, from dog walking and specialized pet retail to grooming and off-leash dog bars.
What does Pet Franchise mean?
A pet franchise is the name given to a business opportunity operating under the name of an already established business in the pet industry. Such franchises can provide a wide array of services and products that are specifically aimed at pet owners, including the likes of pet food, training, health products, grooming, and specialty outlets such as cat cafes and dog bars.
The pet industry is an extremely lucrative business market, with a current worth estimated around $103 billion. This reflects the increase in pet ownership in addition to the growing amount of money being spent on pet care.
Pet franchises can leverage strong brand recognition as well as the proven business models of their parent businesses to provide a viable business ownership path to entrepreneurs with a passion for animals.
Reasons to take on a pet franchise
Around 70% of households in the United States own a pet, and there are other reasons why it is a good idea to start a pet franchise, such as the enormous amount of money people are willing to spend on their pets, the joy you can bring to pet owners, the growing pet industry and the fact that franchises are usually a pretty safe investment.
