
Website: www.petsuppliesplusfranchising.com
Franchise Fee: $49,900
Royalties: 2% first 12 months / 3% thereaft
Cash Investment: $300,000
Total Investment: $498,320 - $1,978,605
Net Worth: $600,000
VetFran: Yes
SBA Approved: Yes
Master Franchise / Area Developer Opportunity: No
Pet Supplies Plus (PSP) is a supermarket for dogs and cats. Pet Supplies Plus has built its reputation by “making it easier for our neighbors to get better products for their pets.” With more than 700 locations in 44 states, the stores have a streamlined design making it easy to navigate the industry’s widest assortment of natural foods, hard goods and pet services. Each Pet Supplies Plus is large enough to offer everything our neighbors need to pamper their pets, but small enough to feel like home.The company has achieved its success by understanding the unique bond between humans and their pets. Our neighbors experience convenience, value and fun in every store. At Pet Supplies Plus, we’re crazy for pets, too.
Pet Supplies Plus stores are in busy, neighborhood centers preferably with food anchors. Stores range in size from Stores range in size from 6,000 to 8,000 square feet in 2nd or 3rd generation space. The more intimate size allows our team members to provide a greater level of neighborly service. We’re proud to be the #1 Ranked Pet Retail Franchise Opportunity in Entrepreneur Magazine’s Franchise 500 for the 11th straight year!
Features of business
Fun, exciting and uncomplicated business.
The pet business has consistently proven to be extremely recession resistant with the industry expanding by 6.5% year after year throughout the recent recession.
Pet Ownership is at an all-time record high of 68% of all US Households
PSP stores create solid unit level economics in a friendly, pet-centric atmosphere.
PSP is a much simpler business to operate when compared to food service franchises.
A PSP store will never sell dogs or cats, but will team up with local shelters to facilitate pet adoptions.
PSP stores are typically 6,000 to 8,000 square feet, due to their larger footprint many landlords agree to do a “build to suit” lease which lowers a franchisee initial investment considerably.
High average unit volumes - $2.7MM AVG unit sales
PSP is a highly leverageable retail franchise that lends itself to multiunit ownership, with over 65% of existing franchisees established as multiunit owners.
Extensive Development Support – no retail experience needed
PSP is the leader in Natural, Raw, and Organic food trends
30-yr Mature franchisor with an excellent management team
Solid, experienced non-leveraged Ownership (private equity – Franchise Group)
Corporate development strategy is to continue to open corporate stores to use for testing, training and identifying the pain points of opening a new store
Desired background of prospects and ideal candidate
An ideal Pet Supplies Plus franchisee must align with our company’s mission and culture. Our mission is to be America’s Favorite Neighborhood Pet Store. For a cultural fit, we look for individuals that have strong values and have some of these following traits: hard working, fair, honest, caring. We would like to see prior experience in the armed services, corporate American, retail, customer service, food service, banking, or other service based industries. These individuals should understand the value of providing exceptional customer service. We also believe a franchisee should want to invest in a Pet Supplies Plus franchise opportunity for reasons such as: control of future, self-development, diversification, and life change.
AVAILABLE MARKETS
US markets available: All except noted below
NOT available: AK & HI
Available in Canada: No
Year founded: 1988
Year Franchised: 1991
Home Based: No
| Franchise Fee: | $49,900 |
|---|---|
| Providing Earnings Guidance in Item 19 in FDD: | Yes |
| Total Investment Range: |
Single Unit: $498,320 - $1,978,605 |
| Net Worth Requirement: | $600,000 |
| Royalty: | 2% first 12 months / 3% thereaft |
| VetFran Program: | Yes |
There are currently no resales listed for this franchise.