Month: August 2020

K9 Resorts exterior

Everything You Need to Know About a K9 Resorts Franchise

If you love pets and you’re a business-minded individual, then a pet care franchise like K9 Resorts might be an excellent fit. The pet care industry is booming with Americans spending about $95 Billion on their pets yearly. The pet boarding and grooming industry has grown every year for the last 25 years, which means it’s an excellent time to jump into the industry.

The K9 Resorts Franchise Difference

K9 Resorts is doing pet boarding and doggy daycare better than the competition. After 15 years in business, K9 Resorts is still under the ownership of the original partners and pet care experts Steven and Jason Parker, rather than a conglomerate. You’ll get to experience a business model honed over 15+ years to ensure client satisfaction and precision.

The team at K9 Resorts will help you select a real estate location, architects, and contractors familiar with the dog daycare franchise industry and K9 Resorts’ specific requirements. We have a 5-mile exclusive territory radius, which is higher than the other two most popular dog daycare franchise chains and allows you maximum profit potential.

You’ll also have the technology behind you all day every day. You’ll get help with digital marketing and advertising to help ensure your business booms. We have proprietary technology to help you manage every aspect of your business in one easy-to-learn system. We take the guesswork out of owning a pet care franchise to focus on your clients.

The Investment

The overall costs of starting a K9 Resorts franchise depend on several factors, including location, size of the facility, construction costs, licensing, and more. As with all franchises, we require a royalty fee, which is 7% of your gross sales. This percentage is consistent across our competition.

You will also pay a $49,500 franchise fee in addition to your other startup costs. Typically your financing options will require 25% of the investment down, but that may vary slightly from bank to bank. We do not provide direct financing, but we do have a group of preferred lenders, and we will work with you to make the financing happen.

Potential Return on Investment

As demand increases and our precise operating model continues to thrive, we’ve built a system to help our franchisees achieve the status of a premier dog boarding facility in their region. We’ve seen incredible success stories from our current franchisees, including two of ten franchisees that have been open for 24 months earning more than $1.4 Million in gross sales.

Average sales at our corporate locations come in just over $2.1 Million. The average EBITDA for a corporate site is over $820,000, while the average EBITDA for a franchise location is over $480,000. Your growth potential is enormous as the industry sees growth year over year, and the pet industry is estimated to grow to a worth of over $200 Billion by 2025.

K9 Resorts exterior

 

K9 Resorts Pet Care Strategies

K9 Resorts are luxury pet care facilities that focus on doggy daycare and boarding exceptionally well while leaving the pet supplies and add-ons to the experts in those fields. We utilize hospital-grade ventilation systems, floor technologies with micro-ban (an antimicrobial and odor-reducing agent) built-in, and a pet-safe courtyard with antimicrobial agents.

Our goal at K9 Resorts is to ensure all dogs enter and leave our facility in their best health. Our focus is on creating a luxurious environment for dogs where owners can feel good about leaving their pets with us for the day or for as long as they need. We stock premium dog beds for our furry guests and have cage-free accommodations for increased comfort.

We organize dogs based on temperament, and we are sure to treat every dog as an individual, not as a breed stereotype. Doing business in this way helps us gain and keep our clients’ trust, and it takes the guesswork out of these aspects of boarding for you as a franchisee.

Our luxurious accommodations for dogs include individual rooms for each dog that include a premium dog bed and a television. Clients can also choose single or double compartments if a larger room isn’t what their dog needs.

The entire facility, including each hotel room, is decorated beautifully in dog-friendly designs. Clients get to choose between one-on-one staff playtime or all-day group doggy play for their animals. Dog baths are also a part of our boarding routine to keep pets healthy and clean.

Dogs will have access to the outdoors at every facility, no matter where you hope to open your franchise. We have industry-leading training for all staff to help ensure your hotel runs beautifully even when you can’t be there. We pride ourselves on keeping our brand focused on a home-like environment to keep dogs from leaving our facilities stressed.

How We Compare to the Competition

Our biggest rivals are the two other most prominent names in dog daycare franchise ownership: Dogtopia and Camp Bow Wow. We offer a more extensive exclusive territory than both of these companies. We are the only one of the three that is still owner-operated, which means we have the company owners’ full attention to helping grow our business and train our franchisees.

Although our initial investment is slightly higher than both Dogtopia and Camp Bow Wow on comparable facility sizes, we also have a higher EBITDA opportunity than both of those brands. Our minimum EBITDA is $481,928, while the others offer a minimum EBITDA of under $150,000 regardless of facility size. That’s a huge benefit toward our franchisee’s success.

What is the Process to Get a Franchise?

There are five total steps to becoming a franchise owner with K9 Resorts. Those steps are as follows:

  1. Get in touch
  2. Apply
  3. Schedule a visit
  4. Review the FDD (Franchise Disclosure Document)
  5. Sign the franchise agreement

Step 1: Get in Touch

We don’t just sell franchises; we award them to the most qualified individuals. We want to get to know you and make sure that our relationship is a good fit before you dive into your ownership. To accomplish that, we like to talk to each interested party before they apply for a franchise.

Step 2: Apply

Once we all agree that you’ll make an excellent addition to our franchisee team, we will invite you to apply for candidacy. In this stage, you’ll give us lots of personal information so that we can make a final decision on whether or not you’ll be eligible for a franchise.

Step 3: Schedule a Visit

Once your application is in, you can schedule a visit to our corporate office in Fanwood, New Jersey, for what we call “Discovery Day.” During your visit, you’ll meet our senior management team, view our operations, and hear about our vision for future growth. We’ll explain how we intend to stay ahead of our competition and encourage you to do the same.

Step 4: Review the FDD

This step is vital to your understanding of our franchise agreement and company visions. You can take as much or as little time as you need to review the FDD and come back to us with any questions or concerns. This step is required by the FTC, which means that you will have an FDD no matter what company you’re looking into for franchise options.

Step 5: Sign Franchise Agreement

This final step of the process is more like the first step toward your new opportunity. Once you sign the agreement, you’re a part of the family, and the really exciting part begins. We’ll help you build your franchise, start the training process, and begin your real estate search as soon as your signature is on the paperwork.

Dogs outside playing

 

Why Invest in the Pet Care Industry?

By now, I’m sure you realize that we are passionate about the pet care industry, and especially about dogs. You might be wondering if a passion for animals and the industry is enough for you to join us. If you’re still worried about the numbers backing up your decision, we have some good news!

The pet care industry is booming across the country. It’s grown exponentially over the last few years as more Americans start to think of pets as family. Millennials and Baby Boomers are the most likely generations to spend extra money on their pets, but Gen X isn’t far behind, and the projections for Gen Z are just as staggering.

$10.3 Billion of what US pet owners spent last year on their pets went towards boarding and grooming services. Pet owners claim that they would rather give up personal luxuries during times of hardship than spend less on their pets, and that’s a big advantage for our industry. The American Pet Products Association even believes that the pet industry is recession-proof.

If you’re interested in a dog daycare franchise with a leading company in the pet care industry, then please contact us to start the process of joining the K9 Resorts family.