Is Doggie Daycare a Lucrative Franchise Opportunity?
Doggy daycares seem like the perfect franchise opportunity when you are looking for a way to secure your future by owning a business. You may have this vision in your head of playing with dogs all day long and having a really great experience. While this can be true in many instances, there are a few things you should think about to understand whether this can be a lucrative business opportunity for you.
The New Trend
Doggy daycare is a new concept. Over the last few decades people have started treating their pets like family. People are starting to put off having a family until later in life and choosing a dog that they spoil like family. The hectic lives people lead today has made pet ownership more difficult. This is where doggy daycares emerged. This is a service that allows dogs to get the exercise and attention they need while their pet parents are working. This relatively new concept has become popular mostly in large cities though there are smaller communities where you may still find a doggy daycare.
The Benefits of Owning a Doggy Daycare Franchise
The biggest benefit of owning one of these franchises is that you can jump on an industry that is hot at the moment. It can be a lot of fun as well. Depending on where you live, there may be a lot of potential for you in regards to customers.
The Drawbacks of Doggy Daycare Franchises
There are a few drawbacks that you will want to consider with this. The cost is one of the first things to think about. Generally, doggy daycare franchises are more expensive to start up, though it should be noted that each franchise has its own fees associated with the opening.
Another thing to think about with this is that you will need significantly more staff than you would if you were opening another pet franchise. This is because you will need more people to care for the dogs than you would need with a Splash and Dash Groomerie & Boutique. This can be very taxing as an owner because you will spend much of your time here and have to hire several employees.
Marketing costs are generally higher for these companies or franchises because there is not as much known about doggy daycare as there are other pet businesses. This is another way that this franchise opportunity may bring your costs up.
The Conclusion
There is no denying that this is a hot industry. There is potential to make money if you are in the right location with the right company. However, there is a lot more that goes into finding the right franchise. You want to have a company that has a proven business model for bringing in revenue, such as the recurring revenue model with Splash and Dash.