The initial franchise fee is $49,900 per location. The royalty structure is 2% for the first 12 months and 3% thereafter for the life of the franchise agreement (% of sales per month). Fees compare favorably with other retail franchise concepts of similar size.
The total investment necessary to begin operation of a Pet Supplies Plus franchise ranges from $549,400 to $1,097,400. Pet Supplies Plus franchise owner candidates should have a net worth of at least $750,000, with a minimum of $150,000 to $250,000 in liquid, unencumbered assets to invest in a Pet Supplies Plus store.
Special offer for qualified veterans: $6,000 off initial fee
Additional information can be found in item 7 of PSP's FDD.
"The pet industry is an exciting and growing category of retail. Pet Supplies Plus provides the opportunity to enter the pet specialty niche with a proven and powerful business model that affords the entrepreneur an opportunity to build a business in a durable market niche. I've been a Pet Supplies Plus franchisee for 17 years and I continue to reinvest in the brand and plan to do so into the future."