Top Franchise Opportunities in Collins County, Texas

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In 2015 a large number of potential businessmen and women will be looking to sink their teeth into their own entrepreneurial adventure. Many of these will look to a franchise in hopes of building their own empire. When looking for the top franchise opportunities in Collins County, Texas for 2015 and 2016 your research should start in the pet industry. The pet industry grows each and every year and hundreds of thousands of Texans are willing to spend discretionary income on their dogs, cats, horses, fish, or any type of pet. If you are seeking an opportunity to get into the pet industry please call us at 760-861-1071. We will be more than happy to discuss the potential of a Splash and Dash pet store franchise in Collins County, Texas.

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Where is Collins County, Texas?

Demographics of Collins County, Texas

Starting Your Own Pet Store Franchise

 

Where is Collins County, Texas?

When looking at a map of Texas you will notice that Collins County is to the northeast of the Dallas-Forth Worth metropolitan area. It is directly to the east of Denton County, Texas. If you are interested in a pet store franchise in Denton County please use the resource we recently published. With Denton County and Collins County being neighbors many of the demographics are similar. That said, we all know the value of location. It might be worth it to look around both counties to see if there is a particular location that can help you bring in more customers and, ultimately, make much more money.

Taking the time to research and better understand the top franchise opportunities in Collins County, Texas is important. In today’s business world there are a number of franchise opportunities but some of them are very expensive. It should not come as a surprise to see upfront costs over $150,000 or $200,000 to start a franchise in Texas. At Splash and Dash we offer some very inexpensive and affordable alternatives that can help you get your business started as soon as possible.

 

Demographics of Collins County, Texas

Collins County, much like Denton County, is one of the fastest growing counties in the state of Texas. With a population growth of 9.3% since 2010 this is one of the best locations to consider a franchise in 2015 and 2016. The median household income is very high at $83,238 which means families have extra money to spend on their pets. The median household income for the entire state of Texas is just over $50,000 therefore Collins County is considered above average in terms of spending power.

Spending power is extremely important when a service is being offered. There are some parts of the United States that are still suffering from the credit crisis. The individuals in Detroit and Cleveland are likely not going to spend a large percentage of their income on “extra” items. As their economies recover this may change. In late 2014, it would be a better choice to enter an economy that has been improving drastically over the last several years. That place is Collins County, Texas.

 

Starting Your Own Pet Store Franchise

To make the process of owning a pet store franchise seamless we have several opportunities available. To better understand the options do not hesitate to contact us at 760-861-1071. There are opportunities as low as $50,000 and other opportunities just over $100,000. For an entire listing of the investment utilize our franchise comparison chart here. If you are wondering about the total investment, franchise fees, ongoing royalty fee, or incentives for veterans we will lay it out for you in easy to understand terms.

Taking the time to complete due diligence and research is extremely important when it comes to owning your first pet store franchise. Even if you are an experienced franchise owner it is imperative to understand all the terms and agreements before making a major financial commitment. Some franchise business models put a strain on their franchisees and do not offer a lot of support. At Splash and Dash we understand that your success is our success. We are more than understanding of the unique pressures of a franchise. Our corporate staff will help train and offer guidance when it comes to succeeding in Collins County, Texas. Remember you will also have Splash and Dash owners from all over Texas to help. If you have connections to Austin, Texas or other parts of the state you will find franchise owners that will be willing to assist with the process.

Is Wells Fargo the Right Choice for Your Pet Franchise Bank?

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One of the aspects of opening a pet franchise that is often overlooked is finding the right bank. Many people think they should simply go with the bank they have for their personal account. However, this is not always the right option. Rather you want to go with a bank that will truly meet your needs. To do this you will need to look at a few key elements of the banks you are considering.

 

Think About Your Requirements

Before you start looking for a bank, it is best to determine what your requirements will be from the bank. While having a checking and savings account is a given, think about the number of deposits you will need to make for your pet franchise, sweep accounts, merchant accounts, commercial cards and other aspects you may need for your pet franchise. If you are unsure what all you will need, it is a good idea to speak with the franchisor as well as your accountant.

 

Look at the Details

Once you know what you will need, the next step is to examine what the banks offer. While this may seem like a lot of work, it is worth it in the long run. You want to know the various fees for services as this can add up quickly. The bank will be able to show you the list of fees on the account. You can usually get this online without having to go into the location.

 

Don’t Forget Customer Service

You should find a bank that you can build a relationship with. This means more than just finding a bank that is easy to get in and out of. Rather you want to find one that offers great customers service and will be able to help you with your needs. This is why it is helpful to look at reviews on the bank before making your final decision.

 

National or Local Financial Institution?

Some people think they need to go with a national bank because they are better known and have better protection. You should know that local banks and credit unions will have the same protections on them as larger national financial institutions. In many cases, the fees are lower and there are incentives to encourage the community to bank with them. Plus there is the added benefit of knowing you are supporting your community. You will want to weigh your options by looking at what they offer in comparison.

 

Credit Union or Bank for Your Pet Franchise?

This is another question pet franchise owners ask when they are looking for the right financial institution. Many people like credit unions because they tend to have lower interest rates on loans and tend to approve applicants easier. They generally tend to have higher interest rates for savings and deposit accounts. This does not mean that they are naturally the better option. As with the national vs. local financial institutions debate, you will have to judge each bank or credit union individually in comparison to the other options in your area.