Pet ownership is booming around the world, so whether you harbour a love of animals or would love to work in the great outdoors, now is the perfect time to invest in a pet franchise.

Owners burgeoning the desire to care for and treat their faithful, furry, four-legged, feathered or flying companions has resulted in a global surge in spending on pets.

Such is the boom, the term “petpreneur” has been coined for the new wave of individuals running their own animal care businesses. Here’s why investing in a pet franchise right now means you can capitalise on rocketing revenues.

The soaring demand for pet care

The pet care market is estimated to have grown by 66% in the last decade and that demand is only set to rise.

Coronavirus lockdowns saw a huge increase in the number of people choosing to share their homes with a pet. It is estimated that one-third of all households in the developed world now have a pet.

Of course, a pet is for life not just for lockdown, so the boom in animal-care products and services is here to stay. The benefits of stress reduction and boosting wellbeing by owning a pet have been well documented both during and after the devastating waves of the coronavirus pandemic.

Now that the world has ventured back outdoors, pet owners are exercising, caring for and showing off the additions to their families like never before. Plus, social media has connected friends and families with our beloved companions, so it stands to reason that we want them to look, feel and behave at their best.

There’s a scientific reason behind the upward trend in demand for pet services

The rise in global sales of pet products and services has been attributed to a behavioural pattern termed “humanisation”. Pet owners increasingly consider their companions to be not just part of the family but positioned right at the centre of family life

People with pets consider them to be friends and even treat them much like they would a child. As a result, spending on pet items is not only rising, but owners are also seeking higher quality, premium provisions. The desire to treat our “fur babies” is driving demand like never before.

A pet franchise is a lifestyle as well as a business

Running a pet business means combining a passion with your dreams while earning a living. Owning a pet franchise offers everything you crave from a career.

You buy into your own business and be your own boss. You have independence over the direction in which you want to travel and you can implement your ethos and beliefs into ensuring animal welfare and wellbeing is a priority.

The elusive work-life balance that so many of us seek is entirely possible when you operate a business from home. Even your own pet will benefit from having you around more during the day.

Investing your own hard-earned cash into a business is all the more rewarding when you can capitalise upon your own passions and know-how into making it a success. And if you own a pet yourself, they can be firmly at the centre of your enterprise and even be the “face” of your offering.

The breadth of pet franchises is enticing

Pet-related franchises continue to thrive. New and innovative companies, both large and small, are emerging to meet every aspect of animal care.

From sitting services, daycare provision and grooming to photography, dog training, equine care, nutritional plans and tasty treats, there’s a franchise opportunity to cater for every need and every fancy of pets and their owners.

Plus all the benefits of a pet franchise model

The case for investing in a pet business is compelling, and there are several solid reasons why buying into a franchise makes commercial and personal sense.

Typically, with a franchise, you will benefit from your own sales territory. Identifying a sector or niche that is not well-served currently in the area means you have access to a marketplace, often on your doorstep. And because pet businesses are not limited to local needs, there are opportunities for expansion both physically and with an online presence.

A pet franchisee will also benefit from an established brand name, established marketing platforms and plans, as well as extensive training, resources and support.

Globally, there are now animal franchise brands entering the upper echelons of franchising success for the first time. Business magazine, Forbes, has described the pet care industry as “one of the best recession-proof industries” to invest in. With global economic uncertainty set for an extended period, now really is the perfect time to invest in a pet franchise.

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