Start a Ben's Barketplace Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $190K - $351K

Units as of 2023: 6 20.0% over 3 years

Ben’s Barketplace is a dog and cat health food store opened in 2005 by Brad and Sally Romero. The Romero duo has almost 20 years of expertise in K9 law enforcement and has striven to translate their love of animals into a growing business.

Ben’s Barketplace’s main mission is to provide a healthy diet to dogs and cats, supplying only top-of-the-line products they consider to be safe and superior.

Ben’s Barketplace sells over 80 brands of cat and dog food in their store to go along with other products that include collars, leashes, and toys. They also may offer nutritional consultations with experts and have a self-service dog wash inside the store.

Why You May Want to Start a Ben’s Barketplace Franchise

The ideal Ben’s Barketplace franchisee is someone who enjoys working with animals and is concerned about their nutrition. Previous experience in pet care is not necessary to open a Ben’s Barketplace franchise, though business and management experience may be beneficial as you operate your location.

Ben’s Barketplace may provide new franchisees with:

Many hours of on-the-job training
Several dozen hours of classroom training
Online support
Field operation guides
A franchisee intranet platform
Vast marketing support supplying national and regional media advertising
Website development

Ben’s Barketplace has partnered with third-party financial lenders that may offer help covering the costs of the franchise fee, startup, inventory, equipment, payroll, and accounts receivable for qualified franchisees.

What Might Make a Ben’s Barketplace Franchise a Good Choice?

Opening a Ben’s Barketplace franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

To be part of Ben’s Barketplace team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a Ben’s Barketplace Franchise

Ben’s Barketplace is currently looking for new franchisees all over the United States. When opening a franchise location, you will need several employees to run a Ben’s Barketplace franchise, with the ability to hire more staff as you grow your location.

Before making any financial commitment or signing an agreement with Ben’s Barketplace, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Ben’s Barketplace franchising team any questions you may have.

As you decide if opening a Ben’s Barketplace franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Ben’s Barketplace franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Company Overview

About Ben's Barketplace

Industry	Pets
Related Categories	Pet Stores, Pet Care, Miscellaneous Retail Businesses
Founded	2005
Parent Company	Ben's Barketplace
Leadership	Brad Romero, President
Corporate Address	701 Pleasant Grove Blvd., #120 Roseville, CA 95678
Social	Facebook, Twitter, Instagram, YouTube

Business Overview

Franchising Since	2015 (9 years)
# of employees at HQ	10
Where seeking	This company is offering new franchises in the following US states: California
# of Units	6 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Ben's Barketplace franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$45,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$189,800 - $350,500
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$100,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$70,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	25% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing	Ben's Barketplace has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	40 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Franchisee Intranet Platform
Marketing Support	Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	2-3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No