Do You Have What It Takes To Open An Independent Pet Franchise
Most people would love to be in business for themselves. They are convinced it's one of the best ways to become financially secure. The idea of starting a company from scratch can be pretty daunting, especially since about eighty percent of them fail. Franchises have the benefit of brand recognition and established procedures. If being your own boss appeals to you, and you enjoy working with both animals and humans, an independent pet franchise could work.
Franchises are not an option for everybody. They require that the owner have certain financial resources before the parent company will consider them. Most expect prospects to show at least a hundred fifty thousand dollars in liquid assets and three quarters of a million dollars in net worth. An initial fee of about fifty thousand dollars is due at signing. On top of that, you will have expenses for equipment, inventory, marketing, insurance, and rent.
If you meet the financial qualifications, it may be time to arrange a meeting with a company consultant. In this meeting you can discuss your financial goals, and the consultant will describe the corporate philosophy. You will given information on the investment in time and money the company will expect of you. Before you go, you can decide to accept their offer, ask for time to think about it, or respectfully decline the offer.
Those who decide to pursue the pet supply franchise will have standard documents to read and sign. You need a good lawyer familiar with franchise contracts to go over the disclosure documentation with you. You will be introduced to other owners and get a chance to discuss their experiences. A visit to the home office, to meet the staff that will be on your team, will be arranged.
You will probably have a lot of questions along the way. One of the most common involves your business experience. You might ask if prior franchise or pet industry experience is required. Most times it is not. Supply store owners tend to be successful businessmen prior to working with the franchise company though. Everyone who buys into the company is given intense training before store operations begin.
People want to know how much it actually costs to open a store. An outlay of half a million to a million dollars is what you should expect. That is inclusive of inventory, equipment, rent, and marketing. The actual cost depends in part on store size, area of the country, the landlord's tenant improvement expenditures, and construction costs.
Prospective owners are curious about the training they will receive and the marketing support they can expect. Most companies give new owners at least two weeks of intensive training before the store opening. They employ marketing professionals who are experienced when it comes to planning grand openings and multiple media advertising.
Pet supplies is a steadily growing market with plenty of room for new entrepreneurs. Many owners prefer to buy from a store that specializes in pets rather than from a big box or grocery store. Franchises in the pet supply industry fill a growing need.
Franchises are not an option for everybody. They require that the owner have certain financial resources before the parent company will consider them. Most expect prospects to show at least a hundred fifty thousand dollars in liquid assets and three quarters of a million dollars in net worth. An initial fee of about fifty thousand dollars is due at signing. On top of that, you will have expenses for equipment, inventory, marketing, insurance, and rent.
If you meet the financial qualifications, it may be time to arrange a meeting with a company consultant. In this meeting you can discuss your financial goals, and the consultant will describe the corporate philosophy. You will given information on the investment in time and money the company will expect of you. Before you go, you can decide to accept their offer, ask for time to think about it, or respectfully decline the offer.
Those who decide to pursue the pet supply franchise will have standard documents to read and sign. You need a good lawyer familiar with franchise contracts to go over the disclosure documentation with you. You will be introduced to other owners and get a chance to discuss their experiences. A visit to the home office, to meet the staff that will be on your team, will be arranged.
You will probably have a lot of questions along the way. One of the most common involves your business experience. You might ask if prior franchise or pet industry experience is required. Most times it is not. Supply store owners tend to be successful businessmen prior to working with the franchise company though. Everyone who buys into the company is given intense training before store operations begin.
People want to know how much it actually costs to open a store. An outlay of half a million to a million dollars is what you should expect. That is inclusive of inventory, equipment, rent, and marketing. The actual cost depends in part on store size, area of the country, the landlord's tenant improvement expenditures, and construction costs.
Prospective owners are curious about the training they will receive and the marketing support they can expect. Most companies give new owners at least two weeks of intensive training before the store opening. They employ marketing professionals who are experienced when it comes to planning grand openings and multiple media advertising.
Pet supplies is a steadily growing market with plenty of room for new entrepreneurs. Many owners prefer to buy from a store that specializes in pets rather than from a big box or grocery store. Franchises in the pet supply industry fill a growing need.
About the Author:
When you are looking for information about an independent pet franchise, visit our web pages today. More details are available at http://www.alldogspoop.com/franchises now.
>
0 comments:
Post a Comment