Is There a Ceiling for the Pet Care Industry?
With Americans' love of dogs growing stronger every day, it doesn’t look like our furry friends (or the care they need) are going anywhere, anytime soon.
Then vs Now: The Pet Care Industry
Not only did fewer households own pets many years ago, but attitudes towards them were very different. While most pets were loved, they weren’t considered members of the family. Fast forward to today, and that couldn’t be any further from the truth. Pet parents today consider their pups to be one of their children (if not their only child) and are willing to do what it takes to make their dog happy. Because of this change in thinking, pet parents spare no expense when it comes to their dog’s health and wellness.
Year Over Year Growth
According to the American Pet Products Association (APPA), the average annual growth rate since 2002 is 5.4%. Not to mention, revenue has been growing steadily for well over 20 years.
The pet care industry is certainly growing, and Camp Bow Wow is right there with (if not surpassing) it. Since 2016, Camp Bow Wow has ranked #1 on Entrepreneur’s Franchise 500 list in the Pet Services category. In 2018, we ranked #193 among all franchises for our outstanding performance in unit growth, financial strength and stability, and brand power.
Our year-over-year revenue growth is at 12%, which is six times the growth rate of the national economy (2%) and nearly twice the rate of the boarding and grooming industry (7%). This growth is all thanks to a streamlined dog care process and passion for pets.
If you’re looking to be a part of a low-risk, high-growth industry, with high rates of repeat customers and a business model that ramps up quickly, we think it’s time you joined the Pack!To receive your complimentary executive summary and learn more about franchise opportunities, fill out the form below or call us at (870) 600-2713. We’re looking forward to having you join the Camp Bow Wow family!