Barksuds Franchise Cost, Revenue, & Profit 2024

Are you a dog lover looking for a profitable business opportunity? BarkSuds Franchise might be the perfect venture for you. With a unique business model and a strong foundation of love for dogs, BarkSuds has emerged as a leading player in the pet grooming industry.

This article provides a comprehensive overview of the BarkSuds Franchise, its innovative business model, financial requirements, and the numerous benefits it offers to its franchisees.

Barksuds Franchise

Barksuds History

Barksuds is a fresh face in the dog grooming industry. Established in 2020 and franchised in 2021, Barksuds has quickly grown to 13 franchise units, with two company-owned units. With a projected 20 new units in the next 12 months, Barksuds is on a fast track to success.

YearEvent
2020Barksuds was established
2021Barksuds started franchising
2021 – 2023Grew to 13 franchise units and 2 company-owned units
2023 – 2024Projected to open 20 new units

Why Choose Barksuds?

Barksuds offers a unique business model that differentiates it from traditional grooming salons. Here are some of the reasons why Barksuds is a top choice for potential franchisees:

  • Recurring Income Membership-Based Model: Barksuds operates on a membership-based model, providing consistent and reliable income for franchisees.
  • Recession-Proof and Amazon-Proof: The Barksuds franchise is resilient to economic downturns and immune to online competition. After all, you can’t wash a dog virtually!
  • Low Buildout Cost: With a buildout cost of only $120,000 per unit, Barksuds offers a cost-effective entry into the pet care industry.
  • High Pre-Tax Margins: Barksuds franchises can enjoy pre-tax margins over 40%, making it a highly profitable business venture.

Interested In Barksuds Franchise?

Barksuds Franchise

Ideal Candidate

Barksuds is looking for franchisees who are ready to leave behind their 9 to 5 jobs and follow their passion for dogs.

Whether you have prior experience or not, Barksuds welcomes you into their pack. They believe that passion is the most important prerequisite for becoming a franchisee.


Barksuds Franchise Requirements

To become a Barksuds franchisee, you need to meet the following financial requirements:

RequirementAmount
Franchise Fee$45,000
Cash Investment$50,000
Average Investment$200,000 – $250,000
Minimum Net Worth$250,001 – $500,000

The financial requirements for opening a BarkSuds Franchise include a minimal net worth of $250,000, a BarkSuds franchise fee of $45,000, and an initial start-up capital of approximately $150,000 to $180,000.

Additionally, franchisees should have $20,000 in liquid working capital on the opening day.


BarkSuds Franchise Revenue & Profit

BarkSuds Franchise offers a predictable and lucrative earning potential. For instance, a franchise with 1500 members can generate an annual gross revenue of $1,230,000, with a pre-tax profit of $492,000.

Even with 1000 members, the projected annual gross revenue stands at $840,000. If we assume a profit margin of 30%, then we can calculate that a BarkSuds franchise owner make $252,000 in net profits on average.

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%840000.00
Rent8.75%(73500.00)
Insurance4.38%(36750.00)
Salaries17.50%(147000.00)
Franchise Royalty Fees4.38%(36750.00)
Utilities1.75%(14700.00)
Cost of Goods Sold (COGS)21.88%(183750.00)
Labor (Variable)11.38%(95550.00)
Total (Expenses)70.00%(588000.00)
Net Profit30.00%252000.00

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.


Interested In Barksuds Franchise?

Barksuds Franchise

Payback Period Of Barksud Franchise

With an investment of $180,000 and a yearly profit of $252,000, we can calculate the payback period of the Barksuds franchise.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $180,000/ $252,000= 0.71 or 7 months

Based on these figures, it will take approximately 7 months to 1 year to pay back the initial investment for Barksuds. This time period could be longer or shorter depending on your sales, revenue, and profit figures.


Training & Support

Barksuds offers “White Paw” Franchise Support. They will be by your side like a loyal pup, providing assistance every step of the way.

This includes help with site location, ensuring a swift build-out with cost management, on-site training, and hiring support.

They also provide guidance on their appointment software, bath products, and grooming guidelines.


Availability

Barksuds franchises are currently available across the United States.


Conclusion

BarkSuds Franchise offers a rewarding opportunity to transform your passion for dogs into a thriving business. With its innovative business model, comprehensive support, and lucrative earning potential, BarkSuds is an ideal investment for those looking to make a mark in the pet industry.


Frequently Asked Questions

Who Owns Barksuds?

Barksuds is owned by its founder (Richard Landman) and operated by both company-owned units and individual franchisees.

Is Barksuds a Franchise?

Yes, Barksuds operates as a franchise, with 13 franchise units and two company-owned units in 2023.

How Much Does a Barksuds Franchise Owner Make?

A Barksuds franchise owner can earn up to $252000 in net profits, with an annual gross revenue of $840,000 for 1,000 dogs.

How Much Does a Barksuds Franchise Cost?

The average investment for a Barksuds franchise ranges from $200,000 to $250,000, with a franchise fee of $45,000.

What are the Pros and Cons of Owning a Barksuds Franchise?

The pros of owning a Barksuds franchise include a recurring income model, recession-proof business, low buildout cost, and high pre-tax margins. The cons may include the business’s challenges and the responsibilities of meeting franchise requirements.

Where is Barksuds headquartered?

The head office of Barksuds is located in Tampa, Florida. The complete address is 3307 W. Bay To Bay Blvd, Richard Landman, Tampa, FL, 33629.

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