Pet Supplies Plus Franchise FDD, Profits, Costs & Fees (2024)
Pet Supplies Plus, a leading pet supply franchise, was established in 1988 in Redford, Michigan. The franchise began expanding the following year, in 1989, and has grown significantly over the decades. Today, the company has its headquarters located in Livonia, Michigan.
The franchise offers a comprehensive range of products for pets, including food, toys, grooming products, and other pet supplies, catering to the needs of pet owners.
Pet Supplies Plus distinguishes itself from competitors through its smaller, neighborhood-friendly store sizes, which allow for more personalized service and easier shopping experiences compared to larger “big box” pet stores.
Despite their smaller size, these stores offer a wide selection of products, often providing a supermarket-style shopping experience for pet supplies.
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Initial Investment
How much does it cost to start a Pet Supplies Plus franchise? It costs on average between $498,000 – $1,979,000 to start a Pet Supplies Plus franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $49,900 |
| Inventory | $170,000 – $290,000 |
| Equipment | $155,000 – $305,000 |
| POS Equipment Installation | $3,150 – $3,600 |
| Full Store Preprinted Shelf Labels for Product | $270 – $300 |
| Training | $4,000 – $8,000 |
| Advertising Grand Opening | $20,000 – $30,000 |
| Insurance | $2,000 – $7,000 |
| Leasehold Improvements | $25,000 – $950,805 |
| Prepaid Rent/Security Deposit | $0 – $24,000 |
| Legal & Accounting | $4,000 – $10,000 |
| Pre-Opening Labor | $10,000 – $35,000 |
| Set Up Fee | $15,000 |
| Additional Funds – Initial Period (6 Months) | $40,000 – $250,000 |
| Total | $498,000 – $1,979,000 |
Average Revenue (AUV)
How much revenue can you make with a Pet Supplies Plus franchise? A Pet Supplies Plus franchised store makes on average $2,632,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $886,000 yearly revenue for similar pet retail franchises. Below are 10 Pet Supplies Plus competitors as a comparison:
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Pet Supplies Plus Franchise Disclosure Document
Frequently Asked Questions
How many Pet Supplies Plus locations are there?
As of the latest data, Pet Supplies Plus operates a total of 719 locations across the United States. Of these, 485 are franchised units, while 234 are company-owned. The brand has expanded significantly, reinforcing its position as a prominent pet retail franchise.
What is the total investment required to open a Pet Supplies Plus franchise?
The total investment required to open a Pet Supplies Plus franchise ranges from $498,000 to $1,979,000.
What are the ongoing fees for a Pet Supplies Plus franchise?
Pet Supplies Plus franchisees pay an ongoing royalty fee that starts at 2% of gross sales for the first year and rises to 3% thereafter. Additionally, there’s a 3.5% marketing fee to support national advertising and brand promotion efforts.
What are the financial requirements to become a Pet Supplies Plus franchisee?
To qualify as a Pet Supplies Plus franchisee, candidates need a minimum net worth of $1.5 million and liquid capital of at least $600,000. These financial requirements ensure franchisees have the necessary resources to cover initial investments, operational costs, and ongoing franchise fees, supporting a stable and sustainable business start.
How much can a Pet Supplies Plus franchise owner expect to earn?
The average gross sales for a Pet Supplies Plus franchise are approximately $2.63 million per location. Assuming a 15% operating profit margin, $2.63 million yearly revenue can result in $394,500 EBITDA annually.
Who owns Pet Supplies Plus?
Pet Supplies Plus is owned by the Franchise Group, Inc., which acquired the brand in 2021.
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