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Pet Franchise: Path to Profit

According to the 2007-2008 National Pet Owners Survey, 63% of U.S. households own a pet, which equates to 71.1 million homes. In fact, more households have pets than children! Even more surprising, while household spending on pets increased 18% after inflation, toy sales dropped 25%, spending on day-care centers fell 15%, and spending on children’s clothes was down 15%. Clearly, Americans love their pets.

So what does it require to become the successful owner of a pet franchise? First, you need to enjoy working with pets and their owners. Decide what type of pet or pets you want to work with. Obviously dogs and cats are the most popular pets but horses, exotics and many others are growing trends in pet ownerships.

Next, it’s a good idea to track down a copy of market research related to pet ownership and trends in order to assist you in selecting the type of service you would like to supply via your pet franchise. One of the best sources for market research related to pet ownership is the American Veterinary Medical Association (AVMA) U.S. Pet Ownership & Demographics Sourcebook. It is available by calling the AVMA at 800-248-2862, ext. 6670.

Finally, take time to explore the many options and choices related to pet franchise ownership. Entrepreneur.com provides a comprehensive listing of available pet franchises with complete information on required investment, requests for more information and other pertinent descriptions.
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