How Much Can I Make as a Pet Wants Franchise Owner?

Pet Wants has firmly established itself as a leader in the booming pet industry, blending high-quality, fresh pet food with an innovative franchise model that appeals to a growing number of pet owners and entrepreneurs alike. If you’re considering investing in a Pet Wants franchise, you’re likely curious about the financial potential. Let’s take a deeper look into how much Pet Wants franchise owners can make with their business. 

An Impressive ROI

According to the 2024 Franchise Disclosure Document (FDD), the total investment required to start a Pet Wants franchise ranges from $137,850 to $219,000. This includes the initial franchise fee, real estate, equipment, signage, inventory and other startup costs.

The reported Average Unit Volume (AUV) for the first quartile of store franchises is approximately $1.1 million, which is five times the initial investment. 

“At the end of the day, our franchise provides great value for our owners,” said Pet Wants President DeNita Carani. “Other pet franchises might have a higher AUV, but their initial investment is significantly higher. Alternatively, their initial investment might be lower, but their AUV suffers in comparison. Our AUV is such a great ratio compared to our initial investment, which is better than most in the space.”

Gross Revenues for Store Franchises

Item 19 of the brand’s 2024 FDD presents historic gross revenue figures for Pet Wants franchises over the one-year periods ending December 31, 2021, December 31, 2022, and December 31, 2023. The data is categorized by quartiles and includes cumulative figures. 

1. First Quartile:
   • 2021: Average Gross Revenues: $909,510; High: $1,388,438; Low: $668,770
   • 2022: Average Gross Revenues: $1,103,304; High: $1,730,232; Low: $755,914
   • 2023: Average Gross Revenues: $1,111,268; High: $1,720,511; Low: $726,690
   • Percentage of franchisees surpassing the average gross revenue in 2023: 43%
2. Second Quartile:
   • 2021: Average Gross Revenues: $501,016; High: $659,010; Low: $400,555
   • 2022: Average Gross Revenues: $545,797; High: $746,007; Low: $444,492
   • 2023: Average Gross Revenues: $591,658; High: $722,084; Low: $470,813
   • Percentage of franchisees surpassing the average gross revenue in 2023: 50%
3. Third Quartile:
   • 2021: Average Gross Revenues: $341,298; High: $389,863; Low: $260,829
   • 2022: Average Gross Revenues: $387,287; High: $436,826; Low: $319,613
   • 2023: Average Gross Revenues: $381,932; High: $424,860; Low: $345,535
   • Percentage of franchisees surpassing the average gross revenue in 2023: 50%
4. Fourth Quartile:
   • 2021: Average Gross Revenues: $181,375
   • 2022: Average Gross Revenues: $241,760
   • 2023: Average Gross Revenues: $228,011

The Benefits of the Pet Wants Business Model

When it comes to how Pet Wants achieves these numbers, the key is scalability. 

“Whether they are looking to own one location, or they want to build an empire, this is an extremely scalable business,” added Carani. “Those who want to open multiple units over time are able to do so without taking on a lot of risks.”

For example, Carani highlights the benefits of minimal inventory costs and low operating expenses, which contribute to the overall profitability of the franchise. 

“Most pet brands require a lot of inventory costs before they open their doors, but that is not what we do,” Carani said. “You can launch without much inventory and grow over time. With minimized staffing requirements and an average retail footprint of only 1,000 - 1,500 square feet, Pet Wants has found the recipe for maximizing revenue without sacrificing the key components of your pet’s overall health and wellness.”

Similarly, Pet Wants franchisees start with a mobile business to drum up awareness in their community and generate income before launching a brick-and-mortar location within the first year. 

The Pet Wants team also places a strong emphasis on support and education, ensuring that franchisees are well-prepared to succeed. The comprehensive training program includes a workshop week, which helps new owners hit the ground running. 

“Because we have such a fine-tuned training program, the people who are leaving our workshop week are launching right into their new business,” said Carani. “They already have community  events lined up, ranging from farmers markets to large expo events. Due to this structure, they are able to generate cash flow immediately, which is unheard of in pet franchising.”

Who Is the Ideal Pet Wants Franchisee?

While the numbers may look attractive, Pet Wants isn’t a lottery ticket — the franchise system is designed for proactive individuals who are passionate about the pet care industry and are willing to invest time and energy into growing their business.

“Our historical revenue performances show us that franchise owners who work the model, who are connected to the community and who are dedicated to the business have the opportunity to generate revenues at that top quartile,” said Carani. “It’s the same type of people every single year who are in the top quartile. They are following the model, they are dedicated to working the business and they are passionate about the services they are offering their communities.”

For additional information and to get started with your Pet Wants franchise, visit: https://1851franchise.com/petwants/.