Why is a Splash and Dash Retail Franchise Great for Investors?
Choosing a franchise to open can be challenging. There’s always the chance of financial risk and there’s no guarantee that the franchise is going to be successful. But, there is one industry that stood strong throughout the whole COVID-19 pandemic, the pet industry.
The pet industry profited significantly in 2020, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association. That marks an increase of 6.7% over 2019 retail sales of $97.1 billion. Even during a pandemic, the pet industry continues to grow and thrive more than ever.
If you want access to a 100 Billion Dollar market, Splash and Dash is waiting for you!
The pet industry is growing now more than ever… will you take advantage?
Recession Proof Profits
During the pandemic, many businesses closed their doors for good. Roughly 9 million people lost their jobs due to businesses closing during the COVID-19 pandemic. With that being said, it leaves us with one question: what is safe to invest in during a recession? The pet industry.
If there’s one thing people splurge on, it’s their pet. The pet industry profited significantly during the pandemic, according to the American Pet Products Association, in 2020, the pet industry totaled $103.6 billion in sales, a historic high.
We live in a world where there is now such a thing as a “pet influencer” on social media. People are OBSESSED with their pets, making the pet industry busier than ever. Pet owners are keeping the pet industry booming and super profitable – from grooming appointments to buying toys and treats, pet groomerie and boutique franchises are constantly busy.
The Top 3 Reasons the Pet Industry is Recession Proof
In 2021, over 12,000 retail store fronts closed from the COVID-19 pandemic. Roughly 9 million people lost their jobs due to the pandemic. It’s safe to say the pandemic was tough on many industries, except for one, the pet industry. The pet industry was thriving during a global pandemic, making it recession proof, and here’s why:
1. People will always spend money on their pets
You’d think during a global pandemic that people would stop spending money or try to save money, but that certainly wasn’t the case with the pet industry. The simple fact is, people will always spend money on their pets. Pet sales didn’t just grow during the pandemic, they hit a historic high. The pet industry profited significantly in 2020, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association.The pet industry is forecasted to reach $281 billion by 2023, according to market research firm Edge by Ascential.
2. Pets are a luxury to own
With adoption shelters empty, people are purchasing pets from big name pet stores and private breeders. So, not only is purchasing a pet expensive, but owning a pet is also expensive. Like humans, pets require food, water, medicine and grooming. You can also assume that people are going to of course spoil their pets with treats, toys, daycare and pet accessories. With all that being said, pets are clearly a luxury that people don’t mind spending money on.
3. They’re trending
Pets have always been a hot commodity, people love animals! It seems millennials in particular are purchasing pets in replacement of having kids. In a recent survey conducted by YPulse, they found out that 76% of Millenials prefer to have pets over children. Most pet owners consider their pets family members, as they should! We live in a world where a pet “influencer” is now a thing. It’s trendy and popular for pet owners to wear apparel that say “dog mom” or “cat lady”, hang pictures and paintings of their pets in their home and to post their pets on social media.
Incredible Growth Opportunities
One of the most attractive reasons to start a Splash and Dash pet franchise is our extremely low start-up costs. We boast one of the lowest initial investment requirements in the industry.
If you choose our low cost franchise opportunity, you can start your business earlier, with less financial risk, and start profiting off your new location in no time!
In fact, many of our retail franchise owners find Splash and Dash so accessible and rewarding, that they choose to start multiple units back to back.
We make it easy for our dedicated franchise owners to dominate their local markets with prime protected territories. Once you’ve claimed your space, we’ll keep all potential competition out of your way.
We have prime markets available for the right franchise owners. Don’t wait to claim your spot!
Business That Makes a Difference
Our most successful retail franchise owners understand that providing value for their communities pays off in the long run. That’s why we’re so proud of the difference that our partners make for the pets and the people in their lives.
Opening a Splash and Dash pet franchise in your area will make it easier for your customers to provide quality care for their pets. You’ll get to forge meaningful relationships with members of your community, all while you build customer loyalty and bring in more profit.
If you want to have daily positive interactions with people in your area, and make a meaningful difference in the lives of pets and their owners, Splash and Dash is the perfect pet franchise opportunity for you.
Want to see just how affordable starting a Splash and Dash can be? Click ‘Next Step’ Below to Find Out!