- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$106K - $275K
- Units as of 2021
-
20 11.1% over 3 years
With well over 50% of American households owning one or more pets, pet services may be in constant demand. Preppy Pet was founded in 2003 and began franchising in 2006. Since then, Preppy Pet has opened several locations in select states across the United States.
The founders of Preppy Pet felt they could offer pet services at affordable prices. They wanted to make their stores a place where four-legged friends were eager to return.
Preppy Pet offers boarding, grooming, daycare, and training services. Preppy Pet’s goal is to help franchisees keep customer prices at a fair rate, hopefully allowing them to gain repeat customers.
Why You May Want to Start a Preppy Pet Franchise
The ideal Preppy Pet franchisee loves animals, especially dogs. Franchisees may need to demonstrate excellent leadership skills, as they will need to hire employees. They may also need some sales and marketing experience since most franchisees manage these aspects independently. Additional skills that may help a franchisee include good time management, organizational skills, and the ability to create a bond with each client and their pet.
Franchisees do not need experience in the pet care industry, but they are expected to be involved in the day-to-day operation of the franchise. This is not a franchise that you can run remotely, or as a side gig; you’re expected to be all in.
What Might Make a Preppy Pet Franchise a Good Choice?
Preppy Pet knows that no two animals are the same, so care may be uniquely provided to each pet that visits a Preppy Pet location. Clients are allowed to take part in a Smell and Tell Tour, which may allow the client and their pets to come and see the facilities and decide if it is right for them. Preppy Pet offers pets a suite to match the size of the pet or pet family. These suites can be customized to meet the pet’s individual needs.
To be part of the Preppy Pet 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 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 Preppy Pet Franchise in Your Neighborhood
Before signing any agreements with Preppy Pet, potential franchisees need to do their own research. This research should include possible locations, a list of employees they may need to hire, information and statistics of target customers for competing franchises, and more. Franchisees should also write down any questions they may have for the Preppy Pet franchising team.
Preppy Pet franchisees will receive multiple hours of classroom training and several dozen hours of on-the-job training. This training will allow franchisees to learn about company culture, Preppy Pet operations, and ask any remaining questions about what it takes to operate a Preppy Pet location.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Preppy Pet franchise.
Company Overview
About Preppy Pet
| Industry | Pets |
|---|---|
| Related Categories | Pet Care |
| Founded | 2003 |
| Parent Company | Preppy Pet Franchises Inc. |
| Leadership | Jerry Gore, President |
| Corporate Address |
57 W. Michigan St. Orlando, FL 32806 |
| Social |
Business Overview
| Franchising Since | 2006 (19 years) |
|---|---|
| # of employees at HQ | 4 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming |
| # of Units | 20 (as of 2021) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Preppy Pet 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
|
$19,900 - $34,500 |
|---|---|
|
Initial Investment
|
$105,950 - $275,000 |
|
Net Worth Requirement
|
$50,000 - $100,000 |
|
Cash Requirement
|
$19,900 |
|
Royalty Fee
|
6.5% |
|
Term of Agreement
|
15 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 | Preppy Pet has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory |
|---|
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 | 34 hours |
|---|---|
| Classroom Training | 18 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 4-10 |
|
Are exclusive territories available?
|
Yes |
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