Why Pet Franchises are The Safest Investment in 2019
Did you know that nearly half of the households in the United States have dogs inside of them? That’s an estimated 90 million four-legged friends that are running around the house barking at the neighbors as we speak. When you tell the average person that statistic it sounds like a fun fact, however, when you tell an entrepreneur that half of American households have dogs inside them, they see money signs pop outside of their eyeballs.
Based on these statistics, it’s not surprising to see pet-related businesses have been popping up left, right and center over the past decade, and many of these have emerged into the world of franchising. From pet sitting and dog walking to animal grooming, there’s a business out there to cater for the need and whim of every four-legged friend in America.
I guess you could say that the statistics really do “bark” for themselves. But what is it particularly that makes the world of animal services so attractive for both franchisors and would-be franchisees?
Why the Pet Industry is the Safest Investment
An important element to a safe investment is scalability and teachability, especially from the franchise standpoint. The beauty of most pet-related businesses is that they are simple and straightforward enough to be replicated by another person in any type of geographical area. This is why pet franchises are so popular, why start a brand new business when you can find a model that’s already working successfully? A new dog grooming franchise can be fully staffed and trained within 6 months time.
Franchisees can begin to be profitable in absolutely no time, this is why franchising can be a win-win situation for both franchisor and franchisee.
The nature of a pet-related business also means that it’s unlikely to be significantly affected by regional or geographic variations, making it a model that is likely to be suitable for expansion on a significant scale if all other elements for success are present and correct.
The pet industry also has the numbers to back all of this up, did you know that the pet industry is recession proof? 92% of pet owners spent the same or more on their pets during the most recent recession period, according to Forbes. This means that the $80 billion dollar industry keeps on giving, no matter if it’s the recession or a thriving economy, the pet industry is always profitable.
Do you Need to Love Animals?
Passion for animals is definitely an important factor when looking to invest hard earned cash into a business model in a sector such as the pet industry. Many people will join a dog franchise based off their passion alone, not to mention the $80 billion dollar pet industry which makes it that much more appealing. A pet franchise allows the opportunity to build a business around a love for animals, and allows animal lovers to bring their pet along to work!
If you love what you do you’ll never work a day in your life. This is something that many people rely on when they follow their dreams of owning a pet business. Nothing is more enjoyable than going to work everyday enjoying what you do.
Many people join the pet industry on this love and passion alone, and when passion meets entrepreneurship, magical things happen. Every single year more and more people are looking for flexible working opportunities and opportunities where they can work from home and choose the hours that they work.
Many of the pet franchises available allow the franchisee to operate the business from a home office – where you can work with your own cat or dog curled up at your feet!
What’s the Best Pet Franchise to Invest in?
One of the most unique and fastest growing pet franchises today is Splash and Dash Groomerie & Boutique. Splash and Dash’s impressive growth has been recognized by the Inc 5000, not once, not twice, but three times.
Splash and Dash is one of the fastest growing franchises in the fastest growing industry. Splash and Dash is revolutionizing the pet industry by offering a “Unlimited Monthly Bath and Brush” membership starting as low as $39.95 per month, allowing pet parents to bring their dogs in as many times as necessary.
For customers, the simple monthly fee keeps their pet care costs affordable and predictable, and franchise owners enjoy steady predictable recurring income and constant “up-sell” opportunities from the high traffic in their store. This is the perfect business model for entrepreneurs because it brings tons of foot traffic to your brick and mortar store and has so much more potential for growth.
Multiple revenue streams that are build in to the business model, from the dog wash and grooming, to the organic and natural pet treats and toys, Splash and Dash is ahead of the competition. To see all of what Splash and Dash has to offer, download the free franchise report below.