Pet franchises are on the move according to Franchise Direct report
The pet business is exploding. Experts estimate that pet owners will about $47 billion in their animals this year in America. Many businesses are reaping the rewards of this boom, a new report from Franchise Direct states.
Franchise Direct is one of the leading franchise opportunity websites on the internet. They have great expertise when it comes to examining the state of the franchise industry. They have published many exclusive studies on franchising, and their pet franchising report examines the Franchise Disclosure Documents (FDDs) of 17 different pet franchises, across seven different subcategories.
The industry owes its explosion in part to the fact our love for pets continues to grow. Consider America, where 62% of US households own at least one pet. Today, you’ll find a pet in 71.4 million American homes, which is an increase of over 20 million pets since 1998. In line with the rise in pet ownership is the growth of niche pet franchise markets. Pet owners now spend lavishly on expensive pet hotels, vet care and upscale pet products. But the best indicator of the strength of the pet industry is this: when then US economy went into recession in 2008, consumer spending on pets remained steady.
Pet franchises make up a diverse and growing industry. Businesses from pet supply retailers to dog-sitting franchises are all now franchised. In a developing industry like the pet industry, consumers rely upon established names, and so they regularly turn to franchises.
As for the pet franchise market, pet food continues to drive the pet economy. Yet, as pets live longer, owners are also investing more on vet care, grooming, supplies and medicine. Pet franchises have been created to work with nearly every niche in the industry.
Many entrepreneurs choose to own a pet franchise with no previous experience working in the pet industry. While anyone can be successful with a pet franchise, we find that people who love animals especially love this field. Their passion for pets drives them to better things both in life, and ultimately, in business. As the Franchise Direct pet franchise report outlines, pet franchises are in a robust state and primed for expansion.
About Franchise Direct: Franchise Direct (www.FranchiseDirect.com) is one of the world's leading portals for franchise and business opportunities. Started as a single website for the promotion of franchises in the US market in 1998, Franchise Direct now operates a suite of six multilingual sites targeting North America and Europe.
Franchise Direct is one of the leading franchise opportunity websites on the internet. They have great expertise when it comes to examining the state of the franchise industry. They have published many exclusive studies on franchising, and their pet franchising report examines the Franchise Disclosure Documents (FDDs) of 17 different pet franchises, across seven different subcategories.
The industry owes its explosion in part to the fact our love for pets continues to grow. Consider America, where 62% of US households own at least one pet. Today, you’ll find a pet in 71.4 million American homes, which is an increase of over 20 million pets since 1998. In line with the rise in pet ownership is the growth of niche pet franchise markets. Pet owners now spend lavishly on expensive pet hotels, vet care and upscale pet products. But the best indicator of the strength of the pet industry is this: when then US economy went into recession in 2008, consumer spending on pets remained steady.
Pet franchises make up a diverse and growing industry. Businesses from pet supply retailers to dog-sitting franchises are all now franchised. In a developing industry like the pet industry, consumers rely upon established names, and so they regularly turn to franchises.
As for the pet franchise market, pet food continues to drive the pet economy. Yet, as pets live longer, owners are also investing more on vet care, grooming, supplies and medicine. Pet franchises have been created to work with nearly every niche in the industry.
Many entrepreneurs choose to own a pet franchise with no previous experience working in the pet industry. While anyone can be successful with a pet franchise, we find that people who love animals especially love this field. Their passion for pets drives them to better things both in life, and ultimately, in business. As the Franchise Direct pet franchise report outlines, pet franchises are in a robust state and primed for expansion.
About Franchise Direct: Franchise Direct (www.FranchiseDirect.com) is one of the world's leading portals for franchise and business opportunities. Started as a single website for the promotion of franchises in the US market in 1998, Franchise Direct now operates a suite of six multilingual sites targeting North America and Europe.
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