Pet Franchise

5 Blunders of Pet Franchise Investors

Easily Avoidable Mistakes Made in Pet Franchise

Do not make a Premature Commitment

 

This is the first and fatal mistake of franchisees that rush into franchising. The pet franchise industry is booming. But many franchises are taking advantage of the statistics. Don’t be swayed by over generalization of industry statistics. Participate in due diligence. This step is not just for lawyers. It is not a formality. It is a serious aspect of investment.

 

A good pet franchise helps with every step, and will be transparent. The FDD should be provided on time. Any dialogue between current franchisees should be facilitated.

 

At Splash and Dash Groomerie & Boutique we look for a good match. We want investors to be successful. Realistically, no company should rush individuals into decisions. Instead they should help provide information for one to make an informed decision.

 

Splash and Dash Groomerie & Boutique hosts opportunities to speak with current franchisees. Splash and Dash recognizes the importance of these conversations. Not only for assurance, but also for the insights a shop owner can provide. The company has developed a system of investment with the lowest initial investment requirements. The aim is to break even in six months. The company provides training and assistance to make this happen.

 

Also encouraged are expansion opportunities. Once a shop reaches a revenue cap, the company supports shop owners expanding. But above all, Splash and Dash wants to protect franchisees.

 

Rushing is a mistake. We want those interested to be knowledgeable. This is the best way to avoid occupational pitfalls.

Do Not Be Swayed by Industry Hype: Discern Between Industry Statistics and Individual Unit Success

 

This is particularly important in the pet franchise. When an industry as a whole is seeing good numbers, companies have the tendency to use sweeping facts to sway investors. One wants to enter a booming industry and these statistics are still important. But considering investors should take the time to evaluate vantage points of that particular company.

What makes this franchise stand out over the competitors?

 

Splash and Dash Groomerie & Boutique boasts and practices the mom and pop feel with big box results. Even when working with an international pet franchise, the company still operates on a personal level. A monthly review hosted by the CEO takes place to review finances, marketing, and growth.

 

Also a point of pride for Splash and Dash, is at any time shop owners can make suggestions, express dissatisfaction, or offer improvements to our terminal software. Home office will make changes. If the changes work, this will become a company standard. Continuous improvement and a willingness to listen our part of our company values.

Bigger is Not Always Better

 

Business is circumstantial and recognizing the right circumstances is key.

 

This translates into the pet franchise. A pet franchise may have hundreds of franchise successful locations. This does not mean anyone will be successful. Eventually  franchise units in the same company become competitors. Large franchises saturate territories. They have less economic value. Even in a high population area, saturation points are a huge variable.

 

It is important to analyze the demographic of your target area. This will exponentially help your chances. Huge franchises have a tendency for “quantity over quality.” If there are enough units out there, money will be made. This is not the Splash and Dash Groomerie & Boutique model. This company invests in franchisees as much as they invest in us.

 

Splash and Dash offers territory protection. The company believes in a supportive community throughout the entire franchise. Corporate marketing campaigns are devised for the betterment of every shop owner. Multiple scaling opportunities are in place to make it easier for shop owners to expand without interfering with other shop owner revenue.

 

Even though Splash and Dash is an international pet franchise we don’t act like it. Our focus is bettering both communities and business models.

Allowing Yourself to be Misled

 

Many investors in the pet franchise are everyday people who have the entrepreneurial spirit. Individuals decide to leave their dead end jobs to join the pet franchise. They do it based on their passion for dogs. Splash and Dash loves this.  But constantly warns those who may not be acquainted with business to seek help. This is equally important before and after signing.

Investigate the franchise’s reputation. Does their management team’s style fit you? When reviewing the FDD do they encourage thorough examination?

 

We’ve all visited a used car sales lot. It’s not always the most fun experience. This should not be a point of comparison to your franchise research experience. Franchise unit owners work with company corporate offices for the whole duration of ownership. If you are already feel uncomfortable, misled, or exasperated. This is probably be a bad sign. Splash and Dash Groomerie & Boutique prides itself on the experience we provide.

 

Signing too Quickly

 

Pet franchise investment is a life altering event. It can be a great opportunity in your life, or a grave mistake. It allows one to become their own boss, work with passion, and enjoy fiscal benefits. But like any investment there are a certain amount of risks involved. Foregoing examination of an FDD, being manipulated by misleading information, and prematurely signing are mistakes.

 

Splash and Dash Groomerie & Boutique does not want you to make these mistakes. Whether investing in the pet franchise or pursuing any entrepreneurial opportunity.

We believe in honest business. We urge investors to do their research before wasting their money and time. Our developed model, terminal software, and services are designed for success, but only if the fit is right.

 

Know the risk. Know the company. Make an informed decision–before you sign.


For more information on why Splash and Dash Groomerie & Boutique may be a good investment for you click here.

Top Five Cities to Open a Pet Franchise

Where to Open a Pet Franchise

The business world is expanding. New York City and Los Angeles are not the only places to begin to go to business school, begin a startup, or open a pet franchise shop. Splash and Dash Groomerie & Boutique has been keeping their eyes on gold mine cities. The key is to find a city that is both experiencing rapid economic growth where pet lovers also live. Business professionals who love their Dobermans living in a thriving metropolis is what you should be looking for.

According to an American Pet Products Association survey, a record 65%, or 79.7 million, American households today own a dog. The number is also rising.

The August edition of Entrepreneur magazine released it’s list of The Best 50 Cities for Entrepreneurs. They teamed up with Livability and compiled a list based on entrepreneurial growth. Many of the cities also made another list. Wallethub compiles an annual list of 2016’s Most Pet-Friendly Cities.

Splash and Dash Groomerie & Boutique compared the two and made our own list. The top five best places to open a pet franchise. We based this list off a comparison between cities that are emerging silicon valleys, and places where pets can enjoy the best quality of life.

5 Seattle, Washington

  • Population: 637,850
  • Dog Parks: 33
  • Seattle University’s Albers School of Business and Economics
  • Business Growth Rate (2011-2015): 10%
  • Employment Growth (2011-2015): 9%

Just thinking of Seattle makes one taste the flavor of Starbucks. This city has become the mecca of coffee franchises like Tully’s Coffee and Espresso Vivace, but it also noteworthy for it’s pet-friendliness. According to the Seattle Times individuals with dogs spend averagely $752.20 a year on their pets.

4 Lincoln, Nebraska

  • Population: 265,811
  • Dog Parks: 2, 10 dog friendly attractions within driving distance of the city.
  • University Of Nebraska-Lincoln’s, College of Business Administration
  • Business Growth (2011-2015): 15%
  • Employment Growth (2011-2015): 14%

Nebraska is a prairie state where many families own dogs to roam the expansive Midwest lands. Lincoln is also home to University of Nebraska’s Center for Entrepreneurship. The city was also ranked in the Top 10 Best College Towns. The city also features a variety of assets for entrepreneurs like the Center for Rural Entrepreneurship and Southeast Community College Entrepreneurship Center.

3. Portland, Oregon

  • Population: 602,568
  • Dog Parks:36
  • Portland State University of Business Administration
  • Business Growth (2011-2015): 14%
  • Employment Growth (2011-2015):5%

Portland is home to divisions of Microsoft, Intel, eBay, and IBM to name a few recognizable names. The city has so many tech startups that is becoming another silicon valley. Business breeds business. Companies need third party supplies and logistic services. Portland also has a high number of citizens investing in their pets with high scores on their pet budget ranking. This progressive city is a fan of adopting business and “weird” trends.

2. Austin, Texas

  • Population:885,400
  • Dog Parks: 15
  • University of Texas McCambs Business School
  • Business Growth (2011-2015): 17%
  • Employment Growth (2011-2015): 3%

Big names like 3M, Apple, and Google all have a home in Austin. But the initial “small-guy” startup ups like Legalzoom and Indeed also began in the “Live Music Capital of the World.” Austin’s residents also love their dogs. According to their local paper, Statesman, Austin has over 7.2 million dogs. Austin alone counts for 9% of dogs owned in America, and is the 11th most populated city.

  1. Orlando, Florida

  • Population: 250,224
  • Dog Parks:9
  • University of Central Florida
  • Business Growth (2011-2015):17%
  • Employment Growth (2011-2015):3%

This city is Splash and Dash Groomerie & Boutique’s number one because it is number one it pets. Followed by an equally impressive number 15 in Business. This is strategic for those entering the pet franchise. Orlando is a city that has just begun it’s economical spike and will continue to grow. The home of the Orlando Magic ranks highest in pet budget rank, health and wellness, and outdoor pet friendliness. The Orlando Business Journal reports that 71% of residents buy their dog a gift with an averaging cost of $25. This hints that Orlando’s residents are pet lovers.

The City also hosts UCF’s Center for Entrepreneurial Leadership. Located in their Fashion Square is National Entrepreneurship Center. Other economical assistance are 1 Million Cups Orlando, IQ Orlando, and Backstage Launchpad, just to name a few.

Where the Pet Numbers Came from

The American Pet Products Association (APPA) 2016 Survey recorded the 100 largest cities based on 19 key metrics. The three categories measured were Pet Budget, Pet Health and Wellness, and Outdoor Pet Friendliness.

Pet Budget

  • Veterinary Care Costs
  • Minimum Pet-Care Provider Rate per Visit
  • Dog-Insurance Premium

Pet Health & Wellness

  • Veterinarians per Capita
  • Pet Caretakers per Capita
  • Number of Pet Businesses per Capita
  • Pet-Friendliness of Rental Market: Full Weight Pet-Friendly Restaurants per Capita
  • Pet-Friendly Hotels
  • Number of Pet Meetup Groups per Capita
  • Average Home Square Footage
  • Family Detached Households
  • Occupied Housing Units with One or Fewer Occupants per Room
  • Animal Shelters per Capita

Outdoor Pet-Friendliness

  • WalletHub “Weather” Ranking
  • Number of Dog Parks per Capita
  • Walk Score
  • Pet-Friendly Trails per Capita
  • Dog Shows per Capita

 

Where the Business Numbers Came From

Livability surveyed census numbers paired with key metrics to compiled from 22,000 cities. Trend analyst Matt Carmichael spearheaded the project based on these economic indicators:

  • Number of Business and Employees
  • Unemployment Rate
  • VC Deals in Last Ten Years
    • startups/Growth Equity Capital/Loan Capital
  • Business Tax Rate
  • Value of Small Business Administration and 7(a) loans
  • Business Tax Rate
  • Percent of Educated Professionals
  • Cost of Living
  • Commute Time
  • Accessibility to high-speed broadband
  • Projected Household Income
  • Population Increase between 2014 t00 projections to 2020.
  • “Leakage/Surplus”
    • Money Spent within the city limits or outside city limits