Updated October, 2023
Pets are an exciting addition to a family, but they often come with a significant amount of upkeep. Many animal owners will refer to themselves as “pet parents” with “fur babies”. This humanization of pets has led to pet owners spending more money on their “babies” than ever before. From dog treats to grooming, even the most common pets have needs. Where there is a need, there is a business opportunity. That’s where pet franchising comes in.
If you dream of owning a business in Canada and you love animals, then a pet franchise might be the right fit for you.
What are the Growth Trends in Canada’s Pet Industry?
Increase in the Market Size
The Pet Store industry in Canada has experienced remarkable growth over the last several years. The following statistics from IBISWorld clearly indicate this:
- The market size, measured by revenue, of the Pet Stores industry in Canada was $3.8bn in 2022.
- The market size of the Pet Stores industry in Canada increased 2.3% in 2022.
- The market size of the Pet Stores industry in Canada has grown 7.7% per year on average between 2017 and 2022.
- The market size of the Pet Stores industry in Canada increased faster than the economy overall.
Fortunately, for those working in the pet industry, this growth is projected to continue. In their Pet Stores industry in Canada outlook (2023-2028), IBISWorld also reported that the “market size is projected to increase over the next five years.”
COVID’s Impact in the Pet Industry
COVID-19 initially posed a challenge to the pet industry because in-store shopping was significantly limited, but the industry was able to shift its focus to online sales. Overall, the Pet Stores industry in Canada benefited from COVID-19 because people had more free time at home and pet ownership increased. (Source: IBISWorld)
7 Categories of Canadian Pet Franchises
While pet retail store franchises might require a significant investment and a store-front, there are many other kinds of pet services that don’t require a lot of upfront money and can either be run out of a home or in a mobile unit. Pet industry franchising opportunities are broken down into the following seven categories:
- Pet Sitting & Dog Walking – People who spend a lot of time away from home (either for work or vacation) will need someone to look after their pets. The services they’ll need include: playing with the pets, feeding them, giving medication, cleaning up after them, and walking dogs. If you do a good job, then there is a high likelihood of repeat customers.
- Dog Training – You will likely require training yourself, but if you love dogs and are patient, then a dog training franchise might be a good option. Not only will you train the dogs, but you’ll also instruct dog owners how to carry on with the training once you’re done.
- Pet Grooming – This can potentially be a mobile or home-based franchise opportunity. A pet grooming business will offer services like: washing, brushing, nail clipping, ear cleaning, teeth brushing, and hair trimming. They will also sell products to their clients that they can use on their pets in between visits. The pet grooming industry also comes with the opportunity for repeat customers.
- Retail Pet Shop – Investing in a pet store is typically a large undertaking, and you should be prepared for the rigors of running a storefront. It’s also important to evaluate your location when buying a pet shop franchise. According to IBISWorld, “The geographic distribution of the Canadian Pet Stores industry closely follows the distribution of the population.The number of pet stores is primarily dependent on the number of households in each region because it generally increases the number of pets in the area.” If you don’t have a lot of money to invest upfront, it’s also possible to find a pet retail store franchise that sells online and avoids the overhead costs of a storefront location.
- Pet Waste Removal Services – Primarily aimed at dog owners, pet waste removal involves getting rid of dog droppings from yards. However, you can also empty cat litter boxes and do other types of waste removal. It’s not glamorous, but it could be a lucrative opportunity for anyone who is willing to do it.
- Pet Photography – Many pet photography studios are mobile so they can come right to the customer. This makes the pet more comfortable since they don’t have to leave their home. Some opportunities will combine photography and grooming since they go hand-in-hand.
- Veterinary Services – A veterinary clinic obviously requires specialized education and training. However, if you do have the requisite education, then it’s possible to find veterinary franchises that will help you run your own practice.
Ready to Buy a Franchise in the Pet Industry?
If you love animals, then a pet franchise might be a perfect lifestyle franchise opportunity. Who doesn’t want to find a job they enjoy that provides ample time for family and leisure? Let FranNet help you find the right fit. In addition to matching you with a pet franchise, our expert franchise consultants will guide you through the process of buying the franchise. All of this comes at no cost to you! Schedule your free consultation today to get started!