If you’re an animal lover with an entrepreneurial spirit, you may be wondering if it’s possible to turn your passion for pets into a profitable business idea. Owning your own business in the pet industry can be an enjoyable way to become your own boss, contribute to your community in a meaningful way, and achieve your entrepreneurial goals – but did you know that it can also offer an excellent income as well?
According to the American Pet Products Association (as noted in a recent article by Forbes), nearly 85 million American households have a pet, a number that’s jumped more than 10% over the last three decades. A growing Americans have happily embraced pets as their beloved furry family members, which means that they’re in need of products and services to care for their pets.
For anyone that’s wondering about the profitability of dog daycare (and other pet-related businesses), this means that there’s more potential than ever for exceptional income and possibility for growth.
How Much Do Doggy Daycare Owners Make?
Before you invest in any business venture, it’s expected that you’d have questions about the profitability potential – the good news is that doggy daycares can be an extremely lucrative opportunity. As you might already guess, there’s no exact figure for how much you can make as a doggy daycare owner, especially because there are so many factors that come into play.
However, all you have to do is consider the rapidly-expanding pet industry to realize that yes, you can make considerable money as a dog boarding facility owner. It’s estimated that the pet industry will have made more than $75 billion in 2019, with more than $6 billion going into pet daycare, boarding, and similar services. With numbers like those, it’s easy to see why so many new doggy daycare owners are excited about their futures.
Factors that Affect a Dog Boarding Business Income
There are many different factors that can contribute to how much money you can make as a doggy daycare owner, and understanding each can help you make smarter, more effective business decisions from the very beginning.
Where is your business located, and who are your competitors? For example, if you’re located in a small town where few people are pet owners, you might expect a lower income than a community in which many people own dogs.
How much money did you have to invest to start your business? The lower this number, the more you’ll be profiting once your business is up and running.
Franchising vs Independent
Operating a doggy daycare franchise typically offers a much better-earning potential than owning an independent business, because the required investment is usually far lower, you have the benefit of a recognized brand name, and you’ll have access to corporate resources and support. Even the franchise you choose can majorly impact your earnings.
For example, Hounds Town USA is proud to say that our franchisees have a year-over-year sales growth that’s nearly three times higher than the industry average, due largely to our low investment requirements, well-known name, and multiple revenue streams.
Learn More About How to Start a Doggy Daycare Today
Are you thinking about making the leap into the doggy daycare business? Between the excellent income potential, opportunities for entrepreneurial growth, and the chance to spend every day doing something you love, owning a Hounds Town USA franchise can be an incredible career journey.
If you’d like to learn more about becoming a Hounds Town USA franchisee and the income potential that could be waiting for you, contact our team today.