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Description

How To Open a Pet Wants Franchise?

To become a Pet Wants franchisee, you’ll start by completing an ownership application. Once your application is reviewed, you may participate in interviews and store visits, leading up to a discovery day at their headquarters in Cincinnati, Ohio. This is your opportunity to meet current franchisees and the executive team. After completing training and fulfilling the initial setup requirements, you can start operating your Pet Wants store, offering premium pet food and supplies alongside grooming services.

What Are the Costs Involved in a Pet Wants Franchise?

The initial franchise fee for a Pet Wants franchise is $48,500, which grants you a territory of up to 100,000 people. If your territory exceeds this population, an additional $500 is charged for every extra 1,000 residents. Franchisees are also required to purchase an initial inventory of pet food, estimated to cost between $15,000 and $20,000. Additionally, there are ongoing royalty fees and marketing contributions that must be factored into your budget.

Why Consider a Pet Wants Franchise?

Pet Wants stands out in the pet food industry by offering high-quality products and exceptional customer service. With a strong emphasis on community engagement through local events and delivery services, franchisees can build loyal customer bases. The franchise provides comprehensive training and support, ensuring you have the necessary tools to succeed, even without prior retail or pet industry experience. If you are passionate about pets and want to make a difference in your community, a Pet Wants franchise could be a fulfilling option.

Is a Pet Wants Franchise Right for You?

The pet care industry has shown consistent growth, driven by the increasing number of pet owners seeking premium products. As a Pet Wants franchisee, you’ll need to be dedicated and willing to actively participate in your business, although you can appoint a manager to handle day-to-day operations. Ensure you are ready for the financial commitment and operational responsibilities that come with owning a franchise. With the right mindset and effort, you can create a successful business that caters to pet owners’ needs in your area.

Pet Wants Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Pet Franchises
A more specific division within the broader industry.

Category

Pet Supplies Retail
Available financing options to help start the franchise.

Funding Year

2015
The main organization that owns the franchise brand.

Parent Company

Franchise Funding Group
The key individuals guiding the franchise’s strategy and growth.

Leadership

Gary Green
The official business address of the franchisor’s headquarters.

Corporate Address

10700 Montgomery Rd., Ste. 210, Cincinnati, Ohio 45242
The total amount required to launch the franchise.

Initial Investment

$137,850 - $219,000
The initial fee paid to join the franchise system.

Franchise Fee

$48,500
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

7%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

2%
The minimum liquid capital you must have on hand.

Cash Required

$10,000 - $20,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$250,000 - $500,000
The typical yearly revenue generated per franchise location.

Average Revenue

$561,022
The middle value of yearly revenue among franchise locations.

Median Revenue

$851,139
The smallest reported annual revenue among franchisees.

Lowest Revenue

$260,829
The largest reported annual revenue among franchisees.

Highest Revenue

$1,730,232
The estimated timeframe to recover your initial costs.

Breakeven Time

15 Months
The estimated period to recoup your total investment.

Investment Payback

12 Months

Pet Wants Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

1
The number of locations owned by independent franchisees.

Franchised Units

1
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 36 7 1
Net Change YoY -29 -6
Franchised Units 36 7 1
Net Change YoY -29 -6
Corporate Units 0 0 0
Net Change YoY 0 0

Company Background

Pet Wants is a pet food franchise that focuses on providing fresh, high-quality pet food and products to pet owners. Established in 2010 in Cincinnati, Ohio, Pet Wants has grown to over 100 locations across the United States. The brand prides itself on using natural ingredients and formulating products that cater to the specific dietary needs of pets. With a strong emphasis on nutrition and customer service, Pet Wants has carved a niche in the competitive pet food market, appealing to health-conscious pet owners looking for the best for their furry companions.

Franchise Opportunity

Investing in a Pet Wants franchise presents an opportunity to join a growing brand in the pet food industry, which has consistently shown resilience and expansion. Franchisees benefit from a proven business model, comprehensive training, and ongoing support from the corporate team. With a focus on community engagement and customer education, Pet Wants franchises can create a loyal customer base while enjoying the rewards of pet ownership and entrepreneurship. This is an ideal opportunity for individuals passionate about pets and looking to make a positive impact in their communities.

Corporate Structure

Pet Wants operates under the parent company, Pet Wants, LLC. Founded by Amanda Broughton and her husband, the company has developed a robust franchise system designed to help franchisees succeed. The corporate headquarters is located in Cincinnati, Ohio, where the management team focuses on franchise development, marketing support, and product sourcing. By fostering a strong network of franchisees, Pet Wants aims to maintain brand integrity while providing local owners with the tools needed for success.

Royalties

Pet Wants franchisees pay a royalty fee of 5% of gross sales. Additionally, there is a marketing fee of 2% for national and local advertising initiatives. These fees are structured to support the ongoing growth of the franchise system and to ensure that franchisees benefit from brand marketing efforts while maintaining high visibility in their local markets. This financial structure is designed to create a sustainable business model for both franchisees and the corporate team.

Company Mission

At Pet Wants, our mission is to provide pets with the highest quality nutrition available, ensuring they lead happy, healthy lives. We are dedicated to educating pet owners about their pets' nutritional needs and offering personalized service to help them select the best products for their furry friends. Through community outreach, innovative products, and a commitment to excellence, we strive to become the trusted source for pet nutrition in every neighborhood we serve.

Brand Story

Pet Wants began its journey in 2010 when Amanda Broughton recognized a gap in the pet food market for fresh, high-quality pet products. Starting with a single store in Cincinnati, the brand quickly gained traction among pet owners seeking better nutrition for their pets. The unique approach of offering freshly made pet food and personalized service resonated with customers, leading to rapid growth. Today, Pet Wants continues to expand nationwide, maintaining its commitment to quality, education, and community involvement, making it a beloved choice among pet owners everywhere.

Frequently Asked Questions

The initial franchise fee for a Pet Wants franchise is $48,500. If your territory has a population exceeding 100,000, an additional fee of $500 applies for every 1,000 people over that limit.