Hounds Town USA Welcomes New Franchisees, Boasts Average 142% Year-Over-Year Growth Rates
The doggie daycare and pet boarding franchise’s 2022 Franchise Disclosure Document shows fantastic successes for territory owners.
Hounds Town USA, the 30-plus-unit doggy daycare franchise, is seeing firsthand how the booming pet care industry is affecting the business. The latest data for the company, released in their 2022 Franchise Disclosure Document (FDD), shows promising growth metrics for owners.
“We have seen incredible growth from our franchisees, who continue to outperform themselves year over year as they become more integrated in the communities and trusted as a premier source of pet care by owners,” said Jackie Bondanza, CEO of Hounds Town.
The global pet care industry is valued at $261 billion currently, and is estimated to reach $350 billion by 2027, Common Thread Collective reports. More and more people are investing in their pets’ well being, and in the aftermath of the pandemic, many more need pet watching services as offices open and travel is permitted again.
At Hounds Town USA, the numbers certainly reflect this upward trend. The company’s latest FDD shows that franchisees who have been open for two years or more have seen an average growth rate of approximately 142% year-over-year. FDD statistics also show that the locations that have been in operation for over five years see an average of $1,082,411 in gross sales and $342,257 in net operating profit*.
This makes owning a Hounds Town franchise a great return on investment. The brand is on the lower end of initial investment ranges in the industry, with new franchisees spending between $358,900 and $770,000 typically to get started. With the demand that locations see, it is often not long before owners see a positive ROI.
Hounds Town USA also offers entrepreneurs, pet lovers and driven individuals who are looking to open multiple units discounts on their franchise fee. Signing on for one location has a $49,000 fee, opening two locations has a $88,000 fee ($10,000 discount), and signing a three-unit agreement is $125,000, which saves nearly $25,000.
With the low investment and quick growth, Hounds Town makes a great investment for business owners who are looking for a proven profitable endeavor. Bondanza said looking at the FDD filing and seeing the way sales increase for owners indicates the success of the company to prospects.
“The proof is in the numbers that this is a concept that not only works, but flourishes in economic downturns due to its simplicity and nature of our services. Our year-over-year growth rates are evidence that this booming pet care industry is only growing in demand, and Hounds Town USA is ready to meet that need,” said Bondanza.
*Information from the Hounds Town USA 2022 Franchise Disclosure Document.
ABOUT HOUNDS TOWN USA
Since 2000, Hounds Town USA has offered a safe and welcoming environment for dogs to be dogs. With interactive doggie daycare, pet boarding, dog grooming, a pet taxi and retail services, Hounds Town USA’s unique town for dogs is home to the happiest dogs -- and franchise owners -- on Earth. Founded by former NYPD canine handler and commanding officer of the Nassau County Police Department Michael S. Gould, Hounds Town USA has grown to more than 30 locations with plans to open 20 more units before 2023. For more information please visit http://www.houndstownfranchise.com.
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