According to Forbes Magazine, consumers don’t show any signs of cutting back when it comes to their pets.
Despite economic downturns and recessions, the pet industry—along with pet ownership—continues to grow straight through these trying times. Pet owners are cutting no corners and sparing no expenses when it comes to their animals, and the pet care franchise market specifically is seeing a significant benefit to this.
Demand for pet boarding facilities and doggie hotels are on the rise, with a specific demand for luxury boarding and other services including interactive daycare and doggy spa services. Outsourcing dog-related services—such as pet transportation, pet waste removal, personalized services, and gourmet food—has also seen a dramatic uptick, as many new franchises offering these services have been established over the past several years.
Part of the reason for the spike in pet care-related franchises is the relatively low cost. “Possibly the secret of the franchised pet industry’s continued success is that many of these franchises are very low-cost — you can get a dog-walking or pet-sitting franchise up and running for under $20,000. That’s a formula for continued success in one of the rare niches where consumers don’t show any sign of cutting back.”