Starting your own business is a huge decision, and you’ll want to be sure that you’re making the right one for your goals. No matter how much money you have at your disposal, it’s important to know that you’re spending it wisely. Our place in the booming pet industry and innovative dual concept business model positions our franchise owners for success. Read on to learn more about what you can expect financially.
To start, let’s talk numbers. Your initial franchise fee of $49,900 gives you access to our franchise system, which is an invaluable part of our owners’ success. This includes our business partners and vendors, operational expertise, and other materials that are geared toward your success. The approximate startup cost runs between $155,300 and $280,400. You can expect that to include materials, equipment, real estate costs, and other expenses related to opening a business. Throughout the life of your business, you’ll pay a 2% marketing fee and 7% royalties monthly. Our competitive fee structure is among the lowest in the industry, and should you choose to open multiple stores, our multi-unit discount includes a reduction of franchise fees.
Woof Gang provides potential franchise owners with some of the best economics in the franchising industry. Thanks to our unique dual concept business model, our average store sales are about $665K per year. With an average investment cost of $218,000, that means your average sales are three times higher than the investment!
During the franchise process, you’ll receive a copy of our Franchise Disclosure Document, or FDD. The FDD includes all the financial information you need to determine whether becoming a Woof Gang franchise owner is the right choice for you, including our business model, our place in the market, and your opportunity to succeed. Please feel free to ask us any questions you might have about the FDD or your investment – we want you to be informed!
Not all businesses can survive uncertain economic times, but the pet industry is proven to thrive where other businesses fail. There are over 85 million pet homes in the United States, and with 95% of Americans thinking that their pet is a member of the family, pet parents are not going to make their furry friends a second thought when money is tight. In 2021 alone, the pet industry raked in over $124 billion. Growth in the dog grooming industry is expected to reach 11% a year through 2023. During previous downturns in 2020, 2007-09, and 2001-03, the industry grew by at least five percent. By making an investment in Woof Gang Bakery, you can feel confident that your business will remain profitable even when times are tough.
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