As the summer heat sets in and people race for vacation destinations, many will need to find a daycare center for their pets, making pet daycare franchises a hot investment.
Previously, we discussed the top six pet retail franchises to invest in 2022. Another booming part of the $70 billion pet care industry is the pet daycare industry. According to Grand View Research, the global pet sitting market was valued at USD $2.6 billion in 2019 and is projected to grow at a CAGR of 8.7 percent through 2027. The key market drivers are increased consumer spending on their pets and services needed, which has resulted in a growing need for time-saving pet care services.
Another strong sign for the pet daycare franchise market? The rising rate of pet ownership, particularly across U.S. and European countries. A Pulse Study by the American Pet Products Association from Yahoo! News found that roughly 12.6 million U.S. households got a new pet during the COVID 19 pandemic in 2020 and far fewer people gave up pets than in a typical year.
This growth has already translated to lifts in other pet-related services; veterinary clinics saw spikes of 20-40 percent in demand the past year, a growth so strong that according to Bureau of Labor Statistics, the number of veterinary jobs is expected to grow 16 percent by 2029, nearly four times the average of most other job industries. Veterinary tech jobs are expected to increase even more, almost 20 percent in the next five years.
So as we’ve seen, purchasing a pet daycare franchise will likely be a sound growth investment. Check out these seven dog and pet daycare franchises ready for the summer vacation season:
Camp Bow Wow
Founded in 2000 and franchising since 2003, Camp Bow Wow has grown to over 152 locations across the US, becoming a $71 million brand. Recognized for its success, Camp Bow Wow was ranked 214 out of 500 in Entrepreneur’s Franchise 500 list and recently named to the INC 5000 list of America’s fastest growing private companies for the fifth year in a row. Startup costs for opening a Camp Bow Wow franchise begin at $150,000. To learn more about a franchise opportunity with Camp Bow Wow, click here.
Central Bark
Founded in 1997 and franchising since 2004, Central Bark has grown to 28 locations. Central Bark was ranked in Entrepreneur’s Franchise 500 in 2020 and has received a number of Franchisee Satisfaction Awards. Startup costs for opening a Central Bark franchise begin at $125,000. To learn more about a franchise opportunity with Central Bark, click here.
Dogtopia
Founded in 2002 and franchising since 2005, Dogtopia is on pace to open 400 centers by 2024. Dogtopia was recognized for its growth and ranked as the top pet services franchise in Entrepreneur Magazine’s 2021 Annual Franchise 500® List at No. 54, and ranked by Franchise Times magazine’s “Best Pet Franchise” in its Annual Zor Awards. Startup costs for opening a Dogtopia franchise begin at $200,000. To learn more about a franchise opportunity with Dogtopia, click here.
Fetch! Pet Care, Inc.
Franchising since 2003, Fetch! offers a wide selection of services such as Pet Walking, Pet Sitting, Pet Playtime, Overnight Care, In Home Care, Healthcare Administration, and Pet Taxi to provide franchisees with multiple streams of revenue that have helped the franchise grow to 100 locations. Startup costs for opening a Fetch! Pet Care, Inc. franchise begin at $8,000. To learn more about a franchise opportunity with Fetch! Pet Care, Inc., click here.
K-9 Franchising LLC
Founded in 2005 and franchising since 2011, K-9 Franchising has grown to 17 locations. The franchise’s state-of-the-art facilities have been recognized and awarded the Top Pet Care Franchise in the US by the International Boarding & Pet Services Association. K9 Resorts is proud to have been rated the top pet care brand by publications such as The Courier News, Morris/Essex Magazine, Monmouth Magazine, Suburban Essex and New Jersey Monthly Magazine. Startup costs for opening a K-9 Franchising LLC franchise begin at $285,000. To learn more about a franchise opportunity with K-9 Franchising LLC, click here.
Scenthound
Founded in 2015 and franchising since 2019, Scenthound his growing quickly and plans to open 100 locations in 2021. The pet care franchise has been recognized for its growth and success by Franchise Journal’s Top Brands 2020, CBS, Inc. Entrepreneur, and Global Franchise. Startup costs for opening a Scenthound franchise begin at $206,000. To learn more about a franchise opportunity with Scenthound, click here.
Woofie’s Pet Ventures, LLC
Founded in 2004 and franchising since 2018, Woofie’s Pet Ventures, LLC currently operates 4 franchise locations. The franchise attributes its success to the expertise in the Woofie’s management team who have years of experience in animal science, customer service, and pet service business operations. Startup costs for opening a Woofie’s Pet Ventures, LLC franchise begin at $123,000. To learn more about a franchise opportunity with Woofie’s Pet Ventures, LLC, click here.
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