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 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.
| Year | Event |
|---|---|
| 2020 | Barksuds was established |
| 2021 | Barksuds started franchising |
| 2021 – 2023 | Grew to 13 franchise units and 2 company-owned units |
| 2023 – 2024 | Projected 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?
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:
| Requirement | Amount |
|---|---|
| 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
| Members | Monthly Premiums | Monthly Haircuts | Annual Gross Revenue | Pre-Tax Profit |
|---|---|---|---|---|
| 1500 | $67,500 | $35,000 | $1,230,000 | $492,000 |
| 1000 | $45,000 | $25,000 | $840,000 | $336,000 |
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, with a pre-tax profit of $336,000. This shows the potential BarkSuds Franchise profit.
Interested In Barksuds Franchise?
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 as of 2023.
How Much Does a Barksuds Franchise Owner Make?
A Barksuds franchise owner can earn up to $345,000 in pre-tax 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.