Full Answer
What is a Pet Supplies Plus franchise?
How many stores does Pet Supplies Plus have?
How much is a PSP franchise?
The initial Franchise Fee is $49,900. You have to pay this upfront fee when opening the franchise.
Are Pet Supplies Plus independently owned?
“We are the largest chain of independently owned and operated pet stores because our franchisees know the power of pairing local retail with best-in-class infrastructures and home office support,” said Chris Rowland, CEO of Pet Supplies Plus.
How much did Pet Supplies Plus sell for?
approximately $700 millionWith more than 600 stores in 39 states, Pet Supplies Plus was acquired in January 2021 by Franchise Group in an all-cash transaction valued at approximately $700 million. It was previously owned by private equity firm Sentinel Capital Partners.
Can you franchise a PetSmart?
but disappointed because they don't offer franchise locations? PetSmart and Petco are often the first companies that come to mind when people think about pet franchises. However, while both of these pet store brands are nationally recognized, neither company franchises.
Is Pet Supplies Plus the same as PetSmart?
PetSmart is a larger chain than Pet Supplies Plus, meaning finding a PetSmart location in your state is going to be easier. However, both offer online as well. PetSmart's larger size also allows the store to match competitive prices more often than Pet Supplies Plus.
Is Pet Supplies Plus owned by PetSmart?
Pet Supplies Plus is currently owned by private equity firm Sentinel Capital Partners, which acquired the retailer just over two years ago.
How many locations does Pet Supplies Plus have?
560Pet Supplies PlusA Pet Supplies Plus location in Centerville, Ohio.Number of locations560 (2021)Area servedUnited StatesKey peopleChris Rowland (CEO)ProductsPet food and supplies13 more rows
Who is the CEO of Pet Supplies Plus?
Christopher Rowland (Oct 13, 2014–)Pet Supplies "Plus" / CEO
What company owns Chewy?
PetSmartChewy / Parent organizationPetSmart is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target. Wikipedia
What company owns Petsmart?
BC PartnersArgos Holdings Inc.PetSmart/Parent organizations
Is Pet Valu a franchise?
Pet Valu is Canada's leading retailer of pet food and pet-related supplies with over 600 corporate-owned or franchised locations across the country.
Is Pet Supplies Plus a public company?
Pet Supplies Plus (also styled Pet Supplies "Plus"), founded in 1988 in Redford, Michigan in the United States, is a privately held pet supply retailing corporation with a major presence in the US.
What companies does franchise group own?
Franchise Group's business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture & more, Buddy's Home Furnishings and Sylvan Learning.
What company owns Petsmart?
BC PartnersArgos Holdings Inc.PetSmart/Parent organizations
What company owns Chewy?
PetSmartChewy / Parent organizationPetSmart is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target. Wikipedia
Pet Supplies Plus Franchise (Costs + Fees + FDD) | Franchise Direct
Year Business Began: 1987. Franchising Since: 1991. Headquarters: Livonia, Michigan. Estimated Number of Units: 605. Franchise Description: PSP Franchising, LLC is the franchisor.The franchise offered is for the establishment and operation of retail stores offering pet food, pet supplies, pets, pet grooming and bathing services, and related products and services under the Pet Supplies Plus ...
Pet Supplies Plus Franchise Opportunity | FranchiseOpportunities.com
Pet Supplies Plus - Franchise. Quick Franchise Summary. Pet Supplies Plus is America’s favorite neighborhood supermarket for cats and dogs. Over the last 30 years, it’s ‘pawprint’ has grown to over 560 Pet Stores in 36 states.
Pet Supplies Plus Franchise Review | FranchiseGrade.com
How much does a Pet Supplies Plus franchise cost? Are there any Pet Supplies Plus franchise opportunities near me? Here are the answers to some of the most frequently asked questions about Pet Supplies Plus franchises.
Franchise Group acquires Pet Supplies Plus for $700M
Dive Brief: Pet Supplies Plus has entered into an agreement to be acquired by Franchise Group for around $700 million in cash, the company announced Monday. Pet Supplies Plus is currently owned by ...
How much does Pet Supplies Plus collect?
Pet Supplies Plus will collect $30,000 for the grand opening advertising requirement for your first Store and use those funds to implement an advertising/promotional program for the initial launch of your Store on your behalf based on Pet Supplies Plus’s knowledge and experience in marketing this type of business.
How much inventory do you need for Pet Supplies Plus?
You must maintain a minimum amount of inventory ranging from $146,000 to $230,000 depending on the location and size of your Store, as set forth in Pet Supplies Plus’s Operations Manual.
How many square feet are in a retail store?
The figures above assume that you will lease the location for your Store. Your Store is typically a retail store in sound condition, of approximately 3,000 to 8,000 square feet.
Is Pet Supplies Plus refundable?
Unless otherwise stated in this Item, all payments to Pet Supplies Plus are non-refundable. For any amounts paid to third parties, the availability and conditions under which you may obtain refunds will depend on the terms offered by those third-party suppliers.
Can you purchase equipment from Pet Supplies Plus?
Pet Supplies Plus will provide you, prior to opening, with copies of its specifications for all equipment required for your Store. You may purchase equipment from any source approved by Pet Supplies Plus if the equipment complies with Pet Supplies Plus’s specifications.
Background
Pet Supplies Plus is focused on making it easier for Pet Parents to get better products and services for their pets. With over 425 locations in 33 states, our stores have a streamlined design making it easy to navigate a wide assortment of natural foods, hard goods and pet services.
Company Details
Established: 1988 First Unit Franchised: 1991 Franchised Units: 318 Company Owned Units: 242 States Registered In: All but Hawaii and Alaska Canada Franchises: No International Franchises: No
Franchises Similar to Pet Supplies Plus
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What is a PSP franchise?
The franchise offered is for the establishment and operation of retail stores offering pet food, pet supplies, pets, pet grooming and bathing services, and related products and services under the Pet Supplies Plus mark and system. Pet Supplies Plus stores offer a wide variety of pet food, pet supplies, pets (including small animals, birds, reptiles and fish, but not dogs or cats), pet grooming and bathing services, and related products and services in a clean, bright, retail environment.
How long is franchise training?
Training lasts no less than 80 hours. Franchisees with no experience in retail or in the pet industry, may require up to 160 hours of training. If franchisees choose to enroll in optional training for pet grooming or other services, franchisees will be required to pay the then-current tuition fee.
What happens after a franchise is signed?
After franchisees sign their Franchise Agreement and the franchisor subsequently agrees upon their approved location , the franchisor will grant franchisees an exclusive area within which it will not open another store under the marks and system (the territory), as identified in the Franchise Agreement.
What are the obligations of a franchisee?
Obligations and Restrictions: Franchisees must devote their personal full-time attention and best efforts to the management and operation of the store, or they may delegate the day-to-day operation of their store to a manager. The store must, at all times, be staffed with at least one individual who has successfully completed the franchisor’s initial training program. Franchisees must offer and sell all of the products which the franchisor requires, and only the products which the franchisor authorizes for the system, in the manner it prescribes.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor will not guarantee a franchisee’s note, lease or other obligation. 2% of monthly gross sales for first 12 months of operation; 3% of monthly gross sales after first 12 months of operation.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Do franchisees have to pay tuition for grooming?
If franchisees choose to enroll in optional training for pet grooming or other services, franchisees will be required to pay the then-current tuition fee. Territory Granted: Franchisees will operate the store from a location that the franchisor must approve.
How long does it take to open a Pet Supplies Plus store?
It generally takes around 120 days after the execution of your lease agreement to open your Pet Supplies Plus store. The entire process from identifying a site to the opening of your doors can take anywhere from 4 to 12 months.
Why is it important to own a franchise?
What is more important to us is that Franchise Owners have a strong desire to succeed and grow their business. Existing Franchise Owners have a record number of accomplishments in business, but more importantly, a sincere appreciation for the overriding importance of customer engagement and great customer service.
Does Pet Supplies Plus offer financing?
Pet Supplies Plus does not offer direct or indirect financing. We will not guarantee your note, lease or other obligation.
How many stores does Pet Supplies Plus have?
Pet Supplies Plus is over 460 stores strong, with over 30 years of franchise experience in the pet supply business. Franchise Owners rely on us for our comprehensive training and ongoing support to keep their stores ahead of the competition and running strong.
How long are franchise stores open in 2020?
The data reflects the calendar year beginning January 1, 2020, and ending December 31, 2020, and shows the data for 220 Reporting Franchised Stores which were open and operating for 12 months as December 31, 2020. There is no assurance you will do as well.
What is a Pet Supplies Plus franchise?
Pet Supplies Plus Franchise Owners are many things—dedicated, smart, fun, involved—and they come from all walks of life. But one thing they all share is a genuine love for pets. If you are interested in a Pet Supplies Plus franchise but aren’t crazy about pets, you just might be barking up the wrong tree. If you DO love pets and have the motivation to do well and make the most of your investment, you are just the kind of person we are looking for.
How many stores does Pet Supplies Plus have?
Pet Supplies Plus is over 460 stores strong, with over 30 years of franchise experience in the pet supply business. Franchise Owners rely on us for our comprehensive training and ongoing support to keep their stores ahead of the competition and running strong.
