Do You Have What It Takes To Operate A Successful Independent Pet Franchise

By Marie Hayes


At some point most people daydream about owning their businesses. The majority never take the plunge however, because they don't know where to start or don't have the money to start a business from scratch. Buying franchises is something not everyone considers. If you would like to be your own boss and love working with pet owners, an independent pet franchise that sells supplies could be a good option.

Opening businesses takes money, and that includes franchises. You will need almost a million dollars in net worth and liquid assets in the range of a hundred fifty thousand to get started. There will be around fifty thousand due, in cash, at signing. You also have to factor in rent, insurance, marketing, inventory, and equipment.

If you are interested, your next step is to meet with a company consultant where you will discuss what your goals are and how well they mesh with the corporate philosophy. The consultant will provide you with information about the financial and time commitment required to go forward. At the end of the meeting, you can accept the terms immediately, take some time to consider it, or thank the consultant and respectfully decline the opportunity.

If you decide a pet supply franchise is something you want to pursue, you will have a lot of paperwork to fill out. You are going to need an experienced attorney to look over the contracts and disclosure documents. You should have a chances to meet other owners at this time to ask them about their experiences. Finally, you will meet the staff in the home office you will be working with.

During this process, most potential owners have questions. Many are concerned that they don't have prior experience in the pet industry or with franchises. Although many owners were very successful businessmen before opening their franchises, prior experience is not a requirement. You will be subjected to a rigorous training period prior to the opening of your store.

Prospective owners also want to know exactly how much of an investment opening one of the stores takes. In most cases, you can figure that it will cost anywhere from half a million to a million dollars total. This includes your rent, marketing, equipment, and inventory. The final investment will depend on the store's size and amenities, and construction costs.

Training and marketing are part of the overall package. New owners are required to attend rigorous training sessions for at least two weeks before a store opens. The home office marketing department is experienced in setting up the grand openings and placing and monitoring multiple media advertising on your behalf.

The pet industry is booming. More people than ever are willing to spend the money it takes to keep their pets safe and healthy. This is a great opportunity for ambitious individuals who see the possibilities and want to capitalize on them.




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