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Pet Wants Recognizes Pride Month
Recognized in honor of the 1969 Stonewall Uprising in Manhattan, Pride Month is celebrated each June. It is a time for communities around the world to recognize the impact of the LGBTQ community locally, nationally, and internationally. Moreover, it works to achieve equal justice and equal opportunity for lesbian, gay, bisexual, transgender, and questioning (LGBTQ) Americans.
Business ownership within the LGBTQ community
There are an estimated 1.4 million LGBTQ-run companies in the U.S., accounting for $1.7 trillion a year in revenue, according to the National LGBT Chamber of Commerce (NGLCC). It is also estimated that 10% of franchise owners are members of the LGBTQ community.
Beyond business ownership, the LGBTQ community has consistently made a positive contribution to business in a variety of other areas. LGBTQ entrepreneurs are working to establish a number of organizations to help facilitate diversity and inclusiveness in business, especially within the franchise industry.
Franchising as a path to business ownership for LGBTQ entrepreneurs
While private business ownership within minority communities, in general, is on the rise, franchise ownership specifically is becoming a path for a significant number of aspiring minority entrepreneurs. It provides an opportunity for business ownership for all groups who have been historically disadvantaged economically and have faced extreme difficulties in areas including access to capital, fair and sustainable financing, property ownership, and insurance.
The franchise business model is one that is proven to allow any individual – regardless of their previous experience or education – to own their own business without assuming the significant risks of starting a new brand from the ground up. Franchises like Pet Wants can be an attractive investment for all individuals, offering low start-up costs, an established brand, and a built-in support network. Franchise ownership levels the playing field for those with a dream of business ownership.
Why choose Pet Wants?
As the nation’s leading dog food franchise, Pet Wants provides all individuals with the opportunity to combine their passion for pets with business ownership. And the pet industry is one that shows no signs of slowing down. In fact, it seems that pet owners are more willing and eager than ever to give their pets everything they need to keep them healthy and happy. In 2020, the U.S. pet industry reached a historic high with total sales of $103.6 billion, compared to $48 billion in 2010. That is more than a 100% increase in revenue in just ten years.
Ready to get started? Recognized as a Franchise 500® by Entrepreneur Magazine, Pet Wants allows you to be up and running your own franchise in just a few months. Our franchise director will walk you through our streamlined process towards ownership, answering all of your questions and helping you determine whether becoming a franchise owner aligns with your business ownership goals.