Pet businesses are no longer a fringe industry.
It is estimated that American pet owners will spend nearly $47 billion on their animals this year. Consumers have consistently displayed a preference for proven brand names when it comes to investing in pet products and care, and a new report from Franchise Direct says that the pet franchise industry will continue to prosper in the future.
Franchise Direct, one of the world’s leading franchise portals, has great expertise when it comes to analyzing the franchise industry, having published many reports on franchising. Their pet franchising report examines the Franchise Disclosure Documents (FDDs) of 17 different pet franchises, across seven different subcategories. Pet franchises make up a diverse and growing industry. Read more.