You have a lot to consider when choosing a franchise. Are you interested in the industry? What’s the corporate culture like? What kind of support will you receive?
But first things first — is the business you’re interested in even a franchise and is it profitable? We’ll cover all your key questions about the Pet Supplies Plus franchise, including why current Franchise Owner, Matt Barrett says, “It’s a fun atmosphere and it’s also a really great financial opportunity.”
Is Pet Supplies Plus a franchise?
Yes! Pet Supplies Plus is a franchise actively looking for single and multi-unit Franchise Owners across the U.S. Check out our available territories to see if your market is open.
Back in the late ’80s, Jack Berry and Harry Shallop opened their first supermarket-style pet food and supply store in Redford, Michigan. By the ’90s, Pet Supplies Plus was a franchise. Our business model grew to include grooming, self-serve pet washes and omni-channel shopping options.
Since then, we’ve grown to nearly 700 stores. As we’ve continued to grow, we have been named the #1 pet franchise for nine years in a row by Entrepreneur Magazine. Being one of the most prominent business publications, Entrepreneur evaluates franchises based on 50+ data points including:
- Revenue and customers
- Management efficiency
- Financial evaluation
- Business valuation
Ranking in the top 500 signifies value and trust in a brand while ranking #1 indicates the best overall opportunity. If you’re looking for the top franchise in the pet industry, learn more about why Pet Supplies Plus stands out from the competition.
What are the numbers?
The average Pet Supplies Plus franchise annually generates $2.7M.* While this doesn’t guarantee how much you’ll make, it does give you an idea of the potential Pet Supplies Plus franchise profit. How much you make will depend on many factors, including how involved you are in the business and the overall economy.
Thankfully, Pet Supplies Plus is part of a recession-resilient, $136B industry. According to the American Pet Products Association, pet food and treats account for the highest section of spending at a projected $62.7B for 2023.
Even in hard economic times, pet products and services are a necessity. Not only do 70% of all U.S. homes have a pet, but the majority agree that pets are part of the family. Spending on pets has become more stable, with only spending on children being less elastic. In a 2021 survey, almost 30% said they would put their pets’ needs before their own, cutting back on personal spending first.
Ready to learn more?
For over 30 years, the Pet Supplies Plus franchise group has been a leader in the pet industry. If you’re looking to expand your portfolio with a smart, proven investment, we’d love to talk. Fill out the form below to speak with our Franchise Development Team.
*This information can be found in Item 19 of the 2023 Franchise Disclosure Document issued by PSP Franchising, LLC. The data reflects the calendar year beginning Jan. 1, 2022 and ending Dec. 31, 2022, and shows the data for 320 reporting stores which were open and operating 12 months as of Dec. 31, 2022. 42.8% of reporting stores achieved or surpassed this figure. A new franchisee’s results may differ from the represented performance.