![]() ![]() A franchise open for at least 24 months can average over $1.2 million in sales and nearly $400K in EBIDTA.ĭoggy daycare costs can range anywhere from $29 to $46 for a full day of doggy daycare with a franchise like K9 Resorts. Generally speaking, dog daycare franchises, like K9 Resorts, are more profitable than other options. To calculate estimated dog daycare profitability, you’ll need to average the number of dogs being serviced each day multiplied by the cost for a full day of daycare for each then subtract operating costs. As an example, any time of year that people are more prone to travel could provide an uptick in business. Of course, there are busier times based on the season, as well. The popularity of your location or the density of pet owners within the area is directly related to the number of dogs that you’ll have in-house each day. First, the territory in which the doggy daycare is located dictates the amount you can charge for services. They feel just as guilty as any millennials for leaving their precious companions at home alone while they’re at work or on vacation, which makes them more willing to patronize services like dog daycare and a dog boarding business!ĭo you love animals and have an interest in owning your own business? Learn why K9 Resorts is perfect for you: Why K9 Resorts is a Great Franchise for Animal Loversįiguring out how much does a dog boarding business make depends on a few variables. Since baby boomers are retiring later in life, they still find themselves with a need for pet care services like dog boarding. However, the money spent on pets shows to actually be peaking between 55 and 64. According to a recent article, spending in almost every category declines past 55 years old. Once their kids have gone off into the world, they’re essentially replacing them with “fur children.” They also spare no expense when it comes to their pets. That disposable income goes directly toward showering their furry companions with all the latest and greatest pet care services.īaby boomers, on the other hand, are filling their empty nests with pets. This group is also putting off having children and instead opting to become dedicated pet owners. As for millenials, they are the first generation to view animals like true members of the family when compared to previous generations. , 40% of pet owners that patronize the pet care industry are between 30 and 49 years old with nearly three-quarters of 30-somethings in America owning dogs. Both of these populations are avid pet owners and dedicated to providing the best care and services for their canine companions. The pet care industry is being fueled by two specific sets of people: millennials and baby boomers. According to the American Pet Products Association, more than $6 billion of that total number was spent on pet services like daycare, boarding, and grooming. ![]() ![]() Just last year the pet care industry was valued at nearly $70 billion, making it one of the hottest markets for entrepreneurs to enter. Luckily for dog daycare franchise owners, pet owners are more willing to spend a portion of their budget on their animals than ever before. More frequently, pets are being considered true members of the family and people are doting on their devoted canines. The way people view their pets has also changed. That means that a majority of people in the country are spending real money on their furry companions every month of the year. In fact, the number households with pets increased to 68% in 2016. More households welcome four-legged friends into the family each year. The profitability of dog daycare is on the rise in comparison to other pet franchises. Many may be asking themselves, “are dog daycares a profitable franchise?” The simple answer is absolutely. The pet care industry is booming, and more savvy entrepreneurs are looking at ways to get involved in this burgeoning market. How Much Does a Dog Boarding Business Make? A Look at the Profitability of Dog Daycare A Dog Boarding Business is Profitable! Here’s Why ![]()
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