Doing research on your options, and your competition, before opening a dog daycare franchise is important. There are several options on the market, but how do they compare with one another when it comes down to the most crucial parts of a business like finances and operations? The K9 Resorts franchise is the industry-leading option in dog daycare franchises and here’s why.
Operations is one of the crucial functions of any business. When you’re looking into owning a dog daycare franchise, you’ll want to determine a few key points about how the franchise operates and what offerings they have that set them apart from the competition. Do they offer proprietary processes or services to set your business apart from the competition? Anyone can take care of our furry friends while their owners are gone, but not all dog daycare franchises are equal. Understanding how one that you might be looking into operates is crucial to your success as an entrepreneur. Here are some things to consider about the operations of a dog daycare franchise you might be researching.
How a franchise provides its services is an important part of the overall business. As stated, anyone can look after our furry family member while we’re gone but the way in which that is accomplished can make a huge difference in services provided. At K9 Resorts, we’ve spent the last 15 years figuring out how to perfect dog daycare and boarding. We saw that dogs were leaving other facilities stressed out, dirty, and sick. As a result, we decided to develop proven processes that create a stress-free, luxury environment where pets are pampered based on their specific needs. By offering multi-zone boarding, we are able to reduce overall pet stress at our facilities. We also outfit each franchise with our industry-leading technology like hospital-grade air purification systems, flooring with built-in Microban, and our outdoor “pet-safe” courtyards featuring revolutionary K9 Grass with Alphasan anti-microbial agents. In addition, we offer world-class training to our staff so they know how to handle any situation that should arise and to give furry family members the best care possible.
Both K9 Resorts and Camp Bow Wow franchises offer similar services like daycare and boarding but only one truly sets itself apart. The K9 Resorts franchise focuses specifically on providing stress-free, veterinarian-recommended luxury daycare and boarding services. With a laser focus on excelling at a few critical services, they are able to perfect those processes. Instead of casting the net wider to include other things like training, our goal is to provide a safe, stress-free place that results in happy and healthy dogs. How do we do it? Through proven, effective processes that every franchisee learns and practices.
Figuring out the financials of any franchise you might be interested in is probably one of the first things you want to learn. Things like how much initial investment is required and what annual royalties you’ll be responsible for are important. But also, what can you expect in return? No matter what franchise you’re going to invest in, you need to do research on a variety of factors when it comes to finances. So, how does the K9 Resorts franchise compare to the Camp Bow Wow franchise when it comes to financials.
Compared to other dog daycare franchises, you will need a little bit more of an initial investment for K9 Resorts. The K9 Resorts franchise initial investment anges from $968,748-$1,789,360. With Camp Bow Wow, the initial investment is between $718,500-$1,457,500.
The annual royalty, which is paid to your franchisor, is the same for both franchises at 7% of revenue.
Knowing what the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of any franchise is before buying in is key. Here is where the K9 Resorts franchise really outshines the competition. The typical EBITDA for a K9 Resorts franchise is a minimum of $481,928 while Camp Bow Wow’s is only an average of $148,051.
What makes the franchise you’re looking at different from the others on the market and how can you leverage those differences to your benefit and success? It’s clear that not all dog daycare franchises are created equal and there are some differentiators that may play a large role in your business’s success.
This might seem like an insignificant piece of the puzzle, but it’s more important than you may realize. Ownership of the franchise can really guide where it goes in the future. Does the person who built the franchise from the ground up own it or another entity? K9 Resorts is owned and operated by the founders, which means their success is your success and vice versa. The beliefs and mission of K9 Resorts is consistent through each of its locations because the people who founded it are still directing its growth. The founders of K9 Resorts own a majority share in the business 15 years since its founding and are heavily involved in operations and franchisees’ success. Camp Bow Wow is not owner-operated. It was acquired by VCA, Inc. in 2014.
What are the core beliefs of a franchise and how do their processes support those beliefs? Above, we went over the unique and proven ways that K9 Resorts focuses on its pet patrons and provides award-winning customer service. At every K9 Resorts franchise, the owners, operators, and staff are committed to providing world-class service for their pet and human patrons. This shows in the processes that were created and fine-tuned to ensure that each pet has a stress-free, five-star experience and that their parents feel completely comfortable leaving them in K9 Resorts’ care. The foundation of how K9 Resorts was built revolves around an ideal experience for our furry family members and everything we do, from our facilities to our processes and beyond, supports that mission.
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