According to the “US Pet Market Outlook, 2014-2015” report by Packaged Facts the pet industry will reach $73 billion in sales in 2014. This number includes pet food, pet toys and accessories, pet humanization and veterinary services. One of the driving factors in this increased number is pet humanization. Pet humanization includes vet procedures such as chemotherapy, MRIs and hip replacements. Pet supplements like omega-3 fatty acids and glucosamine are also on the rise. If pet owners are not willing to foot the bill for a major surgery they are often willing to pay for vitamins or supplements to ease the pain of their little ones.
With millions of pet owners throughout the United States enjoying the presence and love of dogs, cats, horses and fish it comes as no surprise that annual sales in the pet industry are approaching $100 billion. US households with a median income over $73,000 account for just over half (54%) of pet expenditures. This is appropriate due to the fact that households with discretionary income have the option to purchase a pet. They also have the funds to maintain a lifestyle that involves pets.
At Splash and Dash we understand the importance of a growing industry in terms of building a business and a pet store franchise. Most people do not want to get into a business in which the sales of that industry are dropping. Would you want to sell Blackberry phones in 2014 or 2015? We would guess not. That said, if you were told you could start a pet franchise in Dallas, Texas or Bergen County, New Jersey would this be a viable option? Most entrepreneurs would likely say yes.
There are many resources available to help you better understand what options are available in your area. There are plenty of counties and cities that are ripe for the picking when it comes to a pet store or pet franchise. We will offer corporate support and help you through all steps of the process from financing the franchise to producing a profit with hundreds and thousands of happy customers.
If you are a lover of pets you know the emotions that a dog, cat or horse can bring. Having a business that revolves around pets might be a step in the right direction when it comes to a new career in 2015. If you are on the fence about starting a franchise feel free to call us today.