Business savvy pet lovers
Our franchise owners are business savvy individuals who understand retail and are very service-oriented. We share our customers' belief that pets help people live better, happier lives. So we take pride in bringing the Pet Supplies Plus brand to more people and the pets who love them.
Qualified individuals must have a net worth of at least $750,000 with a minimum of $150,000 to $250,000 in liquid, unencumbered assets.
Cultural fit with our mission to be America's Favorite Neighborhood Pet Store
We look for individuals that are values oriented and have some of these following traits:
- Unwavering desire to succeed
- Aggressive pursuit of growing the business
- Great management skills
- Understanding of the benefits and obligations of a franchise relationship
- Successful record of accomplishments in business
- Appreciation for the overriding importance of customer engagement and great customer service
Estimated Initial Investment
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.
1Item 19 of PSP Franchising, LLC’s 2016 FDD provides that of the 55 reporting franchised stores, 5 reporting franchised stores (9%) achieved an Annual EBITDA that exceeded the $392,295 “top third” Average Annual EBITDA during the measurement period of 1/4/15 and ending 1/2/16.
2According to the APPA: http://www.americanpetproducts.org/press_industrytrends.asp. ©2017 Pet Supplies Plus. All rights reserved.
Pet Supplies Plus has expertise in site selection criteria to help you evaluate a large or smaller trade area, or even a specific site within a trade area. Factors such as co-tenancy, visibility, signage, access, and general condition of the location will all be considered. Pet Supplies Plus uses the services of select commercial real estate brokers to assist you in finding the best location.