Pet Store Franchise Opportunity
No matter how low salaries sink, America never stops taking care of its pets, which is why the pet franchising sector is as recession-resistant as it is. It’s also an industry that is far wider than many believe. The pet franchise business niche consists of a range of different micro-sectors, including pet food, retail stores, services, and healthcare. Every year Americans spend more than $3 billion on pet-related services alone. The USA spent over $10 billion on over-the-counter pet medications and supplies in 2010, and the industry continues to grow by about 4% a year. Even pet insurance is booming, producing revenue of about $270 million in 2009. If you adore animals, a pet franchise is just the business for turning your passion into profit. Pet hotels and grooming businesses are a new industry that has not quite reached full market penetration. For this reason, there is more than 9% growth in this niche each year. That gives you the opportunity to grow with the market at a time when competition is weak. Franchising is increasingly moving online, too. Overheads are reduced by the need for less rental space and staffing, but it’s extremely challenging, as a new entrepreneur, to set up an e-commerce site of your own. This is where the franchise sector truly excels. You needn’t have coding knowledge or the capacity to design a site. Franchisors who operate online will simply make you a part of their existing infrastructure. The same is true of marketing strategies and sometimes even clientele. No franchisor needs much more than a strong motivation and a head for business to succeed. Training is usually offered to top it off. The internet has changed the pet franchising sector in more ways than one. Blogging has become a core part of every business, with the world’s most influential consumer sites now playing a role in advertising for franchisors with enough savvy to exploit the world wide web. A pet franchise is ideal for someone who wants to be their own boss and spend their life surrounded by animals, but there are also opportunities for those who want to work away from the pets themselves. If you’re the hands-on type, pet sitting, training, and walking has become a major niche. Training requires plenty of skill and patience, so that particular industry is more specialized than others. Whatever your pet-related passions are, call us to hear about franchises that suit your interests.