PET SUPPLIES PLUS

Item 7 outlines the initial investment range of $536,520 to $1,965,005, including a $49,900 franchise fee, driven by real estate, inventory, and build-out costs for these specialty retail spots focused on pet food, supplies, and small animal services—no dogs or cats. Ongoing fees include a 3% royalty (reduced to 2% for the first 12 months), 1.2% brand/ad fund (with a $1,000 monthly cap initially), plus technology ($925-$1,200/mo), POS lease ($265-$340/mo), and grooming software ($132/mo). Item 19 shines brightly: average gross revenue hits $2,666,693, median at $2,496,071, with estimated profits spanning $170,668 to $786,674, signaling strong cash flow for top performers in high-traffic pet markets.

The system boasts 502 franchised units alongside 233 corporate stores, growing from 484 total locations in 2023 to 499 in 2024—a modest 3% uptick—with 23 projected new units and 19 transfers indicating stability over rapid expansion. SBA data is impressive: 225 loans averaging $820,029 and a tiny 1.8% default rate, easing entry for qualified buyers. Litigation centers on a few franchisee disputes over agreements and non-competes, plus a bankruptcy history, but low terminations suggest operational resilience—ideal for those eyeing pet retail's boom, though larger investments demand scrutiny of local competition and supply chains.