Investing in a Pet Supplies Plus is not only fulfilling emotionally, but also financially. As the top pet franchise, we offer the lowest royalty fee in our category and keep other costs as low as possible so owners can get the return on their investment quicker.
A closer look at the numbers behind owning the top pet franchise
Pet Supplies Plus requires an initial investment of $49,900 for a single unit. Routinely recognized as one of the best multi-unit franchises to own, we require royalty fees of 2% of a Franchise Owner’s monthly sales for the first 12 months and 3% of monthly sales after that. These initial investments and royalty fees are all worth it when you look at our rewarding Average Unit Volume, or AUV, of $2.7M*. Additionally, in recognition of the sacrifices made by our veterans, Pet Supplies Plus offers a 20% discount off their first franchise fee. These are just a few of the many reasons why we’re the top pet franchise.
To put our numbers into perspective, let’s compare our 3% royalty fees with those of a QSR franchise. The QSR franchise requires a 4.5% royalty fee. Though it may not seem like a big difference, a Pet Supplies Plus Franchise Owner will end up spending much less on royalty fees annually. Additionally, in recognition of the sacrifices made by our veterans, Pet Supplies Plus offers a 20% discount off their first franchise fee.
Pet Supplies Plus’ simplified business model also saves our franchise owners time and money. Compared to our QSR franchise example, Pet Supplies Plus requires very little equipment for the day-to-day operations, has no health department regulations to adhere to and requires fewer employees per shift.
Requirements for owning the top pet franchise
Potential Pet Supplies Plus Franchise Owners must meet our financial requirements. These include:
- $600K minimum total net worth
- $200K in liquid assets
On top of meeting the financial requirements, part of what makes us the top pet franchise is the fact that our Franchise Owners are truly passionate about the pet industry. They’re enthusiastic and natural leaders who care about their industry and their employees.
See all our requirements here.
Industry figures from the top pet franchise
As the industry leader, Pet Supplies Plus keeps a beat on trends and figure updates. In the last three years, we’ve seen our growth increase by 23.5%. That’s huge when you consider that the industry YOY average is only 7%. With 70% of households owning a pet, it’s no wonder we’re part of a $109.6B industry.
“Being in the pet industry and investing in a pet franchise is absolutely the way to go,” says Pet Supplies Plus Franchise Owner Michelle Lambert. “The pet industry is solid and growing, and it’s a great investment.”
If you are interested in investing in the top pet franchise, fill out the form below. A Pet Supplies Plus franchise representative will get in touch with you shortly.
*This information can be found in Item 19 of the 2022 Franchise Disclosure Document issued by PSP Franchising, LLC. The data reflects the calendar year beginning January 1, 2021, and ending December 31, 2021, and shows the data for 248 Reporting Financial Stores which were open and operating for 12 months as of December 31, 2021. There is no assurance you will do as well. If you rely upon our figures, you must accept the risk of not doing as well. This is not an offer to sell you a franchise. Franchises are offered by prospectus only.