Owning a pet franchise gives entrepreneurs the opportunity to combine a passion for animals with a lucrative business investment, making it a win/win. Here are some of the specific reasons that make owning a pet franchise so great.
THE PET CARE INDUSTRY IS BOOMING
The pet industry is large, recession-proof, and estimated to reach $281 billion by 2023, according to market research firm Edge by Ascential. According to APPA, 67 percent of households in the United States have at least one pet. In 2020, pet fostering and adoption rates skyrocketed by 197 percent and 110 percent, respectively.
DIVERSIFY YOUR PORTFOLIO
If you are an investor who already runs a successful business and is looking to combine your love of animals with your penchant for entrepreneurship, opening a pet food franchise is the perfect opportunity. Even if you have no experience yet in the world of pet care, franchising will provide you with the backing of a proven system and a knowledgeable team who will be committed to your success.
FOCUS ON HEALTH
With the number of homed pets in the United States increasing, the opportunity for pet food franchises is at an all-time high. Consumers’ increasing focus on their own health extends to the wellness of their furry family members. Pet food trends typically mirror those in human food. Now more than ever, pet parents demand top quality, minimally-processed foods customized to the dietary needs of their animals.
A recent report shows just how much pet parents prioritize the potential health benefits of healthy foods. Of the surveyed participants, 72 percent of dog owners and 67 percent of cat owners agreed that high-quality foods are effective in preventative health care, and 75 percent of all pet owners agreed that animals with specific health issues can benefit from food formulations targeting those conditions.
A pet food franchise that prioritizes the health needs of not only its customers but its consumers (the four-legged variety) is a promising investment with exciting potential.
INSTANT NAME RECOGNITION
For independent owners, success rarely happens overnight. Significant investment and time must be spent on promotion and advertising to attract customers to your store. With a franchise, you will benefit from any national ad campaigns your company puts forth, in addition to more localized efforts the franchise support team provides. Pet Wants has been recognized as the #1 Pet Care Franchise by Entrepreneur magazine and #2 Fastest-Growing Franchise by Franchise Gator, which means customers will know what you’re all about before they even set foot near your franchise.
Independent owners often have a more difficult time securing financing from lenders who may deem unproven business concepts too risky to support. Your investment in an established franchise with a strong track record greatly increases your chances of obtaining the financing you may need to get your business up and running.
TIME TO GROW
Owning a franchise cuts out a lot of the initial legwork involved in opening a business on your own, such as creating a business plan, devising a marketing strategy, negotiating real estate, inventory management, research, product development and more.
You likely won’t need to start with any specific education or experience in order to successfully grow your business with a pet food franchise like Pet Wants because they will be able to provide extensive training and tremendous support from the moment you become an owner.
AFFORDABLE, SCALABLE BUSINESS
Pet Wants is special in that we offer investors two unique franchise models. Whether brick and mortar, mobile, or a combination of the two, these models are designed to fit your lifestyle, desired size of operation, and goals. Investment costs vary, offering more opportunities for owners to find the perfect fit. As your business grows, so can the size of your operation.
LOVE WHAT YOU DO
Owning a franchise gives you the best of both worlds: the opportunity to grow your business within a booming industry while maintaining a healthy work-life balance. Pet Wants is proud to provide superior products and top-notch service to customers and their pets alongside world-class training and support to our franchisees. Our success and standing as a leader in the pet food industry is a testament to our love of animals and our dedication to their health and well-being.
If you would like to learn more about becoming a Pet Wants franchise owner, please visit us.