Pet Care Franchise & Business Opportunities
Pet Care Industry
General Pet Care Industry
The pet care industry encompasses businesses that offer grooming, boarding, and training services for household pets, primarily canine and feline pets. There are few established institutions that offer grooming, boarding, and training services at the same capacity — more likely than not, they tend to emphasize one area over the other. Businesses in this industry include but are not limited to animal shelters, obedience training institutions, grooming, and pet boarding. However, this industry excludes operators that sell pet products or provide veterinary services. Three of the biggest contenders in this market are Aussie Pet Mobile Inc., Camp Bow Wow, and Best Friends Pet Care Inc, but none of them own more than 5% of the market share, resulting in a highly fragmented market.
Retail Industry Trends
The landscape of the retail industry has changed dramatically over the past decade, with the decline of brick and mortar establishments and the rise of e-commerce and online shopping. The closure of major department stores has only accelerated this major transformation of the retail industry, which has increased even more with the shutdown brought on by the COVID-19 pandemic. Operators in this industry will have to revamp their business model in order to attract a steady stream of customers, therefore competing with the convenience of online models.
Key Retail Industry Numbers
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Paid-in-Full Rate
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
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Charged Off Rate
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
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:1
SBA Loan Success Ratio
For every 9 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 71,503
Pet Care Industry Trends
The pandemic has had a double edged effect on the present and future state of the industry as a whole. While pet ownership has increased during the pandemic, more and more pet owners stay at home for work, leading to a dramatic decline in the need for pet boarding services. Furthermore, the pandemic has decreased disposable income spending, leading to less money being spent on non essential activities like pet grooming. However, the most significant impact on the pet care industry was the closing of all non essential businesses during lockdown in the beginning stages of the pandemic — since most operators in this industry tend to be small and local businesses, many have had to close down permanently. However, those that have been able to stay open are expected to experience a rebound thanks to increases in the volume of pet ownership and the return of travel.Average Retail Franchise Industry Percentage Fees
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Royalty Fee
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Marketing Fee
Standard Retail Franchise Industry Investment
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K
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 217 franchise concept investment breakdowns in order to calculate this figure.
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%
Paid-in-Full Rate
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
0
%
Charged Off Rate
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
0
:1
SBA Loan Success Ratio
For every 9 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 6,829
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