Financial
Miscellaneous
Financial
Q: How much money will I make?
- Since there are so many variables involved in determining the amount of money you will make, we do not disclose estimated revenues. What we can say is that the Nature's Pet Market Franchising concept is based on an affiliate store model that has withstood the test of time for over 30+ years. The actual profit and cash flow each franchise store generates is largely a result of how successfully it is operated and managed.
Q: How much will buying an EarthWise Pet Supply or Nature's Pet Market franchise cost?
- The total investment for opening a Nature's Pet Market varies depending on whether you are purchasing a small store format or large store format. Small format stores range from $104,000 to $191,000. The total investment for a large store format ranges from $140,000 to $318,500.
Q: Is financing available?
- Although having enough liquid capital to fully fund an EarthWise Pet Supply or Nature's Pet Market may improve cash flow and reduce the debt service your store experiences, 3rd party financing may be available to well-qualified individuals. Nature's Pet Market Franchising is registered with the SBA Expedited Franchise Registry for those seeking SBA financing. In today's lending environment, however, this type of financing may be very difficult to attain. In order to reduce debt service, retirement funds, friends, family, and private investors may be viable options. In short, there are many ways to fund your dream franchise with a well formulated business plan and a strong desire to succeed.
Q: What are EarthWise Pet Supply and Nature's Pet Market royalties?
- 6% of Gross Sales (royalty)
- 1% of Gross Sales (advertising fee)
Miscellaneous
Q: Do I need to have previous knowledge of the products offered?
- Not at all! A passion for pets is the only requirement. Our franchisees enjoy being educated through our Pet Nutrition School by experts. If you do not know every detail of pet nutrition, don't sweat it. Nature's Pet Market Franchising will be there for you every step of the way while you learn how to become a pet nutrition expert.
Q: How long does it take to open a store once a franchise agreement is signed?
- In general, 3-6 months is typical, but it will vary depending on several factors such as lease negotiation, funding (if necessary), and site preparation. Franchisees have opened stores in as little as 3 months after signing a franchise agreement and as long as 12 months.
Q: Do I have to work my store?
- No. It has been proven in our industry that rapid growth is facilitated when customers know and interact with their store owner but not essential. Nature's Pet Market Franchising has developed internal systems that make non-owner run stores a viable option and a great option for those interested in multi-store ownership. Our IT systems are some of the most advanced systems in the independent pet retail industry and allow store owners to place orders and manage employees remotely from anywhere if desired.
- The large store format is designed to be owner or manager operated depending on the owner's needs. For a non-owner operated location, a manager is recommended for the large store format.
- The small store format is designed to be owner managed without the requirement of being present onsite. This means hiring a manager is not necessary for those interested in non-owner operated small format stores. Small format stores are also a good fit for those wishing to operate their own stores and minimize overhead and costs.
Q: Why should I open an EarthWise Pet Supply or Nature's Pet Market store and not my own independent pet supply store?
- Many of our franchisees considered opening their own independent pet stores. However, they eventually realized that franchise systems are in place because they have a proven track record of growth and sustainability. The Nature's Pet Market Franchising system has given them a distinct brand and tremendous buying power that they would not have if they were not a part of the Nature's Pet Franchising system.
- Franchise store owners also have great peace of mind knowing that if they have a question about a product, service, or system, their franchise support team is only a phone call away. Let us pass on the knowledge we have learned after 30+ years in the industry.
- The most appreciated part about the Nature's Pet Market Franchising system is that franchisees have flexibility in product selection. Some franchise systems are very rigid in their practices to maintain their image. We believe our image is our ability to customize stores to their local markets via product selection. Franchisees embrace locally-made products and are encouraged to get involved in their communities as they see fit. They feel like they have opened their own independent store with the benefits of a franchise system and the support they desperately needed.
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"Best Neighborhood Pet Supply"
-Spot Magazine
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