Pet Franchises

The number of owned pets increases annually and so pet franchises and businesses become popular every day. A lot of attention is placed on animal care and therefore, wild animal and domesticated pet businesses are dominating the pet franchise market and the pet business. If you love animals or you have a passion for enhancing their living conditions, why don’t you turn your passion into a profitable venture through a franchise opportunity? The pet industry has witnessed revenue growth even during recessions. This implies that running a pet business or franchise is a profitable venture because it is not affected by the larger economy performance. During a recession, pet owners reduce their expenses instead of interfering with their pet’s standard of living. Over the previous decades, pet ownership has steadily increased, making this industry a potential business opportunity. In the United States, there are over 180 million pets in homes. Americans are, therefore, spending at least $50 billion on the pets alone. This kind of money is going to businesses like dog walking, doggie daycare business, and dog grooming business among others. From this piece of information, you can understand why now is the ideal time to invest in a pet franchise and capitalize on the growing demand. The revenue generation in the pet industry is majorly dominated by the sale of pet food. A pet store is one of the locations where pet owners can access pet food, toys, beds, treats etc. Pet care centers generate their income based on the services they provide while pet adoption centers generate revenue from adoption fees. On a revenue of $16 billion, the pet industry earned $594.7 estimated profit annually. In the year 2017, pet stores in the United States produced an estimate of $18.45 billion in revenue. By the year 2022, this figure was expected to rise up to $19.64 billion. At Franchise Clique, we are proud to present a variety of Pet Franchises opportunities in our listings. Find your next investment today!