Franchimp Summary Rating
Lower than 76% of peers
Higher than 100% of peers
Franchise Summary
Description
This disclosure document offers SpeedPro Imagin g franchises. A SpeedPro Imaging franchise sells premium, large format printing and related services to business clients.
Company Background
Established in 1992, Pet Supplies Plus is the largest privately-owned pet specialty retailer in North America. We offer a variety of products and services to help keep pets healthy and happy: over 15,000 different food options; more than 12,000 different toys and treats; 3 million gallons of dog and cat shampoos every year; 10+ groomers who bathe more than 50 dogs per day on average.
Franchise Opportunity
Pet owners are looking for a trusted source to find everything they need for their pets. We're the only pet store that offers customers one-stop shopping, with all of your pet needs in one place. Our franchisees enjoy being part of a company that has been voted "Best Pet Supplies Plus" by readers of the local newspaper * . You can trust our brand and know you'll get everything you need at great prices from us. Your customers will love how convenient it is to shop with us, too!
Corporate Structure
PSP Franchising, LLC is a Delaware limited liability company formed on July 12, 2010. Their principal business address is 17197 N Laurel Park Dr., Suite 402, Livonia Mi 48152. Since September,2010, they have offered franchises for the establishment, development, and operation of retail pet food and supply stores operating under the Pet Supplies Pius® mark and system.
Royalties and Marketing Fees
Royalties : 2.0% - 3.0% of revenue
Royalties : Currently $3,000 per month, $1,000 of which goes to the System Advertising Fund
Earnings Transparency
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Specialty Retail Industry$2,765,127 / unit
Franchise Type: Standard
Average Revenue During 2021
Franchisee Attrition
This franchise's rate of attrition in 2014
of 12.24%
was
Slightly Lower
than the 14% in the Specialty Retail industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of Pet Supplies Plus Franchisees
Pet Supplies Plus Franchise System Development in 2024
FAQ
How much investment do I need to start my own Pet Supplies Plus business?
Franchisees typically require at least $540,520 to $1,975,005 investment to get their Pet Supplies Plus business started
What are the initial franchise fees for Pet Supplies Plus?
Franchisees typically need to pay at least $223,170 in fees directly to Pet Supplies Plus in order to earn the right to launch their business
How much money can I make with a Pet Supplies Plus franchise? What are
the average revenues for a typical Pet Supplies Plus business?
We estimate that the average revenue of an individual
Pet Supplies Plus unit is approximately
$2,765,127. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Pet Supplies Plus unit? What
is my contractual commitment?
Pet Supplies Plus franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$540,520 to $1,975,005
which is
Much Higher
than the $0 to $0 average in the Specialty Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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