4 Reasons to Own a Pet Franchise
Have you thought about owning a pet franchise?
My dogs are the best dogs in the world. They know this because I tell them everyday that they are the best. If you also have the best dogs, cats, or other pets, you know exactly what I am talking about. Perhaps you have thought about owning a pet franchise. You dream of grooming dogs, owning a boarding kennel, or a pet supply store. Our pets add so much to our lives, statistics show that people who have pets may live longer. A Heart Association study shows a decrease in blood pressure, heart rate, and cholesterol levels. (https://sites.psu.edu/siowfa15/2015/11/28/do-people-with-pets-live-longer/).
Benefits of pet ownership
Pets are known to have a calming effect and lower stress levels, they comfort the sick and help people get up and moving. Dogs are known for their keen sense of smell, if trained correctly, they can alert a person to seizures, assist the blind, and help with general household chores. The Human Animal Bond Research Initiative Foundation (HABRI) is a well-recognized area of study on the human-animal bond. They house peer-reviewed research on the benefits of pet ownership. This research includes articles on how pets help us live healthier lives, helps families with autistic children de-stress, and interestingly how pet preliminary research show that pet ownership has an $11.7-billion savings to the U.S. healthcare system. This positive research will have an impact on pet ownership and an indirect impact on the pet supply and services industry.
There are many opportunities to own a pet franchise
If you are passionate about pets, there are many opportunities to own a pet franchise that taps into this increasing market. Statistics show the impact of the pet population in the U.S. and when people own pets, they spend money on their furry and non-furry friends. Pets are now part of more than 60% of the households in the U.S. Many households have more than one pet. In the past 20 years, the number of pets and expenditures on these pets has increased significantly. The American Pet Products Association (APPA) is a non-profit trade association that serves pet product manufacturers and distributors. They conduct research on the buying trends of pet owners. According to the APPA, U.S. pet industry expenditures in 2002 were $29.6 billion with increases every year and by 2015 expenditures on pets more than doubled to $60.28 billion with an estimated $62.75 billion in 2016. (http://www.americanpetproducts.org/pubs_survey.asp)
There are several pet franchises
More and more people are treating their pets like family than ever before. If you love your pets and can see yourself owning a business that caters to this fun population, there are several pet franchises that may be a good fit for you.
Here are 4 reasons to own a pet franchise:
- Exploding numbers. People spend money on their pets. They buy supplies, veterinary care, food, toys, vitamins, and medicine. They travel and need a safe place for their pets to stay when they are not home. Training, day care, dog walking, and dog parks are more and more common. Grooming is a necessary expense for many breeds. All of these expenses mean money in the pockets of suppliers and providers of services for pets.
- Numerous business options. There are several great business options, including great franchises. With a franchise you can get into business faster, have a blueprint for your business before you begin, gain the support of the franchisor and other franchisees.
- Fun – this can be a fun business. Who doesn’t want to play with the dogs all day?
- Rewards. The rewards in a pet business are many – making a living, having fun with your patrons (the pets), providing a valuable service for pet owners. Not going into an office everyday. Everyday will be different. Building equity for the future.
Owning a pet franchise
Owning a pet franchise business is something you will want to be passionate about, as working with pets and their owners is not for everyone. Be sure to conduct your due diligence, spend time learning about the business, the demographics of your desired location, and talk with a franchise attorney before signing anything. Working with a franchise consultant, will help you narrow your options to best fit for you saving you much time and frustration throughout the process.
Control your destiny
Why do you want to own a business? Most people want to control their destiny, be their own boss, build equity, and obtain more flexibility. They also want to enjoy what they do day in and day out. One of the most common reasons I hear is, “I want to work hard for myself, not someone else”. If this is your dream and you have the skills and have prepared for your venture, don’t put it off till tomorrow. Tomorrow may never come.
The process of choosing the right franchise CAN be tedious and painstaking. But it doesn’t HAVE to be. Learn more from Select Franchising Consulting to find the right franchise for you!