Pet Supplies Plus Franchise
To buy a franchise with Pet Supplies Plus, you'll need to have at least $200000 in liquid capital and a minimum net worth of $600000. Pet Supplies Plus charges a franchise fee of $49900. They also offer a discount for veterans.
Franchisor Details
Total Units: 235
Year Founded: 1988
Franchising Since: 1991
Home Office: Livonia, Michigan
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $200,000
Net Worth Required: $600,000
Total Investment: $390,700 – $1,265,300
Franchise Fee: $49,900
Royalty Type: 2% first 12 months, 3% thereafter
Vetern Discount: Yes
*Pet Supplies Plus is currently accepting inquiries from the following locations: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Values & History
The first Pet Supplies Plus store opened up in 1988, founded by Jack Berry and Harry Shallop. The company began franchising in 1991 to promote their solid brand around the country by offering a proven business concept backed by decades of knowledge and experience that keeps up with changes in the industry, such as the growing demand for all-natural foods and the elevated role that pets play in today's families. By offering great selections, expert advice, superior value, and excellence in customer service, Pet Supplies Plus has grown to over 450 locations serving families in 33 states. Winner of several prestigious awards, such as Franchise Times TOP 200 list and the #1 spot in Franchise 500 in 2017, the company's standards for quality are unquestioned. At Pet Supplies Plus, we're crazy for pets, too.
Industry Performance
The pet supply industry is worth $19 billion in the US as of 2019. Annual growth of 2.6% over the last five years contributed to a profit of $838.4 million, with over 13,000 businesses in operation. The industry is projected to maintain strong growth moving to 2023 as the number of pet-owning households increases over the current 65% figure and the economy continues to improve, resulting in industry revenue forecast to rise 2.8% annually, reaching $22.4 billion.
Training & Support
Pet Supplies Plus offers a 2-week comprehensive training course that covers all aspects of franchise operation through an immersive hands-on experience, including merchandising, product ordering, daily retail operations, customer service, and more. The training takes place at one of the certified corporate training locations around the US, while online resources and offer continuous support as you work to grow your business. District team leaders (DTLs) will partner with new franchise owners to help promote and share best practices under the Pet Supplies Plus brand, and a team of marketing experts is always on-hand to answer questions and provide guidance on marketing strategies to promote your location.
Ideal Candidate & Qualifications
Pet Supplies Plus is looking for prospective franchise owners that appreciate the importance of community engagement and building relationships. While successful franchisees come from a variety of backgrounds, all share a love for pets and a commitment to excellence in customer care. Ideal candidates must share the desire to make it easier for people to get the products and services they need for their pets. Hardworking, caring people with strong values who are willing to work under a proven business model are the best fit.
Purchasing a Pet Supplies Plus Franchise
Those who wish to become Pet Supplies Plus franchise owners will need a net worth of at least $600k, with at least $200k in liquid capital to contribute to their business. Royalty fees start at 2% for the first year, then 3% thereafter throughout the life of the agreement. The franchise fee is $49,900, putting the total estimated investment between $463,400 and $993,400. There are no current financing options, but a 20% discount on franchise fees for veterans is available.
Pet Supplies Plus is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Pet Supplies Plus is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.