So you want to open your own dog daycare franchise. You love dogs and love taking care of them, but do you have what it takes to start your own business? Dog daycare services are only increasing in demand and offer amazing opportunities for business owners. Partnering with a franchise has many benefits that can help you operate your business more successfully. But knowing which franchise to invest in can be daunting. Here, we will break down the Do’s and Don’ts of starting your own doggy daycare franchise.
When considering opening a dog daycare franchise, it is best to look at several similar franchises before settling on one. Many people go with the franchise they like the most or are most loyal to, but if you do it this way you could be missing out on a lot. Like any large investment or business opportunity, franchisees should do some shopping around and look at several other similar franchises. This will allow you to see the different ways in which these franchises operate, including:
Before you open a franchise, you should do as much research as possible on the topic. The best place to gain vital information is from people who have experience in the industry. Current and former franchisees can offer some valuable insight and tips to help you get started on your dog daycare journey. Speak with as many owners as you can about their experiences working with certain franchises and learn what they have to say about how the franchise operates and supports its franchisees. Speaking with someone who has had skin in the game can save you from making a bad investment.
Remember, owning a dog daycare franchise is a long-term commitment. Do plenty of research on the franchise you want to open and take a look at other ones as well. Understand how the company operates and check out reviews from several different locations. Make a list of the pros and cons of each franchise to help guide your decision.
Each franchise is an ambassador to the brand name of the company and therefore, any shortcomings can reflect badly. A smart and successful franchise will offer support and resources for their franchisees to help them succeed. Make sure you check what kind of support the franchise you are looking at offers. When you open a franchise with K9 Resorts, you get 24-hour support 7 days a week, including:
Investing in a doggy daycare can cost anywhere from $500,000 to $1 million. Before you go into a franchise, understand how much the upfront investment is before you get yourself into a hole you won’t be able to climb out of.
Before you invest your hard-earned money into a franchise, you should look into how well the business is doing. Information such as the balance sheet, income statements, and cash flow can give you a glimpse into the operations of the business and show you how profitable it is. You can research a public company’s financial information on the SEC website.
Opening a franchise of any kind requires a lot of paperwork. A lot of the documents will require you to understand the terms and sign them. Having a lawyer go over the documents and help explain them to you in layman’s terms can help you feel more at ease and avoid a financial disaster.
At K9 Resorts, we love our franchise family as much as the dogs we take care of. We offer 24-hour support for anything you need, including online support, public relations, help to find the right location, local attorneys, and the use of our high-tech software. If you are ready to start your own franchise with K9 Resorts, give us a call today at 908-889-7387 or contact us here.