Splash and Dash Groomerie & Boutique Franchise Costs, Fees & Profits (2024)

Splash and Dash Groomerie & Boutique, established in 2009, has emerged as a distinguished entity within the pet industry. The franchise initiated its expansion in 2014, offering a unique business model to prospective franchisees. Headquartered in St. Petersburg, Florida, Splash and Dash has successfully extended its reach with 13 franchised units across the United States, reflecting its growing influence in the pet grooming and boutique sector.

What sets Splash and Dash apart is its innovative approach to pet grooming and care, notably through its signature monthly bath service and other predictable revenue opportunities. This recurring revenue model is a cornerstone of its success, fostering customer loyalty and ensuring a steady income stream for franchise owners.

Number of locations

Here’s how many franchised and company-owned Splash and Dash Groomerie & Boutique there have been in the United States over the past few years.

Initial investment

Here’s what you can expect to spend to start a Splash and Dash Groomerie & Boutique franchise.

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.

Initial Franchise Fee

The Initial Franchise Fee is $60,000, payable upon signing the franchise agreement. This fee is consistent across all franchisees, except for those entering into a Multi-Unit Development Agreement, where different terms apply.

Royalty Fee

Franchisees are obligated to pay a Royalty Fee equivalent to 8% of adjusted gross sales. This fee is due weekly every Tuesday, aligning with the franchisor’s financial schedule.

Brand Development Fund Contribution

A contribution to the Brand Development Fund is set at 2% of adjusted gross sales. Similar to the Royalty Fee, this is payable on a weekly basis every Tuesday, supporting brand-wide marketing and development initiatives.

Technology Fee

The Technology Fee, critical for the operation of modern franchise systems, stands at $56 per week. This fee commences once the franchise business opens and is due weekly on Tuesdays, covering various technological services and systems essential for daily operations.

FIDO Software License

The FIDO Software License Fee is currently set at $196 per week. This ongoing fee, payable weekly on Tuesdays, grants franchisees access to proprietary software essential for managing the franchise’s operations efficiently.

Pre-Opening Marketing Deposit

Franchisees must make a Pre-Opening Marketing Deposit of $10,000 upon signing their lease. This deposit is allocated towards pre-opening marketing campaigns designed to effectively launch the franchise location.

Training Fee

A Training Fee of $2,500 is required, due at the time of lease signing. This fee covers “Phase 2” training, providing franchisees and their staff with the knowledge and skills needed for successful franchise operation.

Profits

Here’s how much revenue and profits you can expect to make with a Splash and Dash Groomerie & Boutique franchise, as indicated by the franchisor.

How to apply

Opening a Splash and Dash Groomerie & Boutique franchise involves several steps, designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Splash and Dash Groomerie & Boutique franchise.

1. Understand the Financial Requirements

• Liquid capital of $100,000 and a minimum net worth of $400,000 are required. The total investment will likely start at $150,000, with financing options available, including a veteran discount on the franchise fee​​.

2. Craft a Comprehensive Financial Model

• Developing a thorough financial model is crucial for understanding startup costs, investment needs, and potential profitability. This will aid in securing funding and planning for the future​​.

3. Secure Necessary Funding

• Determine your financial needs, including start-up costs and operational expenses. Explore financing options such as bank loans, grants, or investors, and prepare a compelling business proposal​​.

4. Research Legal and Regulatory Requirements

• Investigate the specific permits and licenses required for operating a pet grooming business in your locality, and ensure compliance with all local, state, and federal laws​​.

5. Choose the Ideal Location

• The location should be accessible and situated in an area with a high concentration of your target market. Consider factors like foot traffic, parking, and proximity to pet-friendly amenities​​.

6. Acquire High-Quality Equipment and Products

• Source and purchase the best grooming equipment and pet products from reputable suppliers, ensuring a diverse range of high-quality offerings for your clientele​​.

7. Develop Your Brand Identity and Marketing Strategy

• Define your target market, create a memorable logo and visual identity, develop brand guidelines, and leverage social media and influencer marketing to engage your audience​​.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.