"Man's Best Friend" - and Investing: The Booming Pet Franchise Industry
Pets not only improve quality of life, but prove to be smart business. The industry is worth over $100 billion and is expected to grow. As any animal lover knows, it's not uncommon to think of pets as part of the family. People constantly devote money, time and attention to their families, even when times are tough, which makes most pet-related franchise opportunities somewhat recession proof. . How much money is spent on their care? By some estimates, dog owners spend more than $1,500 a year on dog care, two-thirds of which goes to retailers and supply stores. A dog has to eat, right?
Related: Help Your Pets Live Their Best Life
Pet Care Franchise OpportunitiesWhen you think of the pet industry, national retailers such as PetCo and PetSmart come to mind. However, there is a lot more variety when it comes to pet care, regardless of your knowledge of animals. While stores are a franchise option, there are also dog (and yes cat) daycares and pet grooming services - a big market when you include mobile-based franchise operations. p>
Pet sitting, training, medical-related concepts, combination dog parks and bars, pet supplies, and pet waste disposal are also viable business ventures . As with other franchise categories, prior experience is not a requirement, however, it helps if you are already a pet lover. After all, what's not to like? Pets enrich our lives, provide companionship, guard our homes, and provide many with the experience of caring for something outside of themselves.
Pet Owner DemographicsWhen choosing to invest in a franchise, it is wise to fully understand the target market. Pet owners in the United States are a diverse group, noticeable across all demographics, age groups, genders, and income levels. There is a fairly even distribution of pet owners across the age and generation spectrum. According to the share of pet owners in the United States, Millennials topped the list at 35%, followed closely by Gen Xers at 32%. represent 27% of all pet owners, followed by 6% of seniors. But what do pet owners care about most when considering a purchase? Convenience. Closely followed by good value for money and free or reasonable delivery. At least a third regularly shop online for pet-related purchases and roughly the same amount relies heavily on online reviews.
Related: Examples of Pet Business Ideas
What are the current top pet care franchises?Of the pet care franchise concepts listed this year, Pet Supplies Plus was the highest ranked, ranking 20th overall. The brand has over 600 locations across the United States and has seen a 35.7% increase in units awarded in the past three years alone. Dogtopia earned the 51st overall ranking, leading the dog daycare franchising pack – an extremely popular and growing category. The rest of the list is a well-crafted mix of other pet-related business models, from mobile grooming to dog training and walk-in vet clinics. To view the full list and see which pet care related franchises have earned a spot on the prestigious Entrepreneur 500 Franchise List, just follow this link.
Related: The Entrepreneur's Best Pet Care Franchises in 2022
Pets not only improve quality of life, but prove to be smart business. The industry is worth over $100 billion and is expected to grow. As any animal lover knows, it's not uncommon to think of pets as part of the family. People constantly devote money, time and attention to their families, even when times are tough, which makes most pet-related franchise opportunities somewhat recession proof. . How much money is spent on their care? By some estimates, dog owners spend more than $1,500 a year on dog care, two-thirds of which goes to retailers and supply stores. A dog has to eat, right?
Related: Help Your Pets Live Their Best Life
Pet Care Franchise OpportunitiesWhen you think of the pet industry, national retailers such as PetCo and PetSmart come to mind. However, there is a lot more variety when it comes to pet care, regardless of your knowledge of animals. While stores are a franchise option, there are also dog (and yes cat) daycares and pet grooming services - a big market when you include mobile-based franchise operations. p>
Pet sitting, training, medical-related concepts, combination dog parks and bars, pet supplies, and pet waste disposal are also viable business ventures . As with other franchise categories, prior experience is not a requirement, however, it helps if you are already a pet lover. After all, what's not to like? Pets enrich our lives, provide companionship, guard our homes, and provide many with the experience of caring for something outside of themselves.
Pet Owner DemographicsWhen choosing to invest in a franchise, it is wise to fully understand the target market. Pet owners in the United States are a diverse group, noticeable across all demographics, age groups, genders, and income levels. There is a fairly even distribution of pet owners across the age and generation spectrum. According to the share of pet owners in the United States, Millennials topped the list at 35%, followed closely by Gen Xers at 32%. represent 27% of all pet owners, followed by 6% of seniors. But what do pet owners care about most when considering a purchase? Convenience. Closely followed by good value for money and free or reasonable delivery. At least a third regularly shop online for pet-related purchases and roughly the same amount relies heavily on online reviews.
Related: Examples of Pet Business Ideas
What are the current top pet care franchises?Of the pet care franchise concepts listed this year, Pet Supplies Plus was the highest ranked, ranking 20th overall. The brand has over 600 locations across the United States and has seen a 35.7% increase in units awarded in the past three years alone. Dogtopia earned the 51st overall ranking, leading the dog daycare franchising pack – an extremely popular and growing category. The rest of the list is a well-crafted mix of other pet-related business models, from mobile grooming to dog training and walk-in vet clinics. To view the full list and see which pet care related franchises have earned a spot on the prestigious Entrepreneur 500 Franchise List, just follow this link.
Related: The Entrepreneur's Best Pet Care Franchises in 2022
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