America's #1 Franchise Directory, Trusted for Over 15 Years

Pet Supplies Plus Franchise Cost & Fees

Date of Incorporation: 1987
Franchising Since: 1991
Headquarters: Livonia, Michigan

Business Description: PSP Franchising, LLC is the franchisor. Pet Supplies Plus Stores offer a wide variety of pet food, pet supplies, pets (including small animals, birds, reptiles and fish, but not dogs or cats), pet grooming and bathing services, and related products and services in a clean, bright, retail environment.

Franchise Offer: The franchise offered is for the establishment and operation of retail stores offering pet food, pet supplies, pets, pet grooming and bathing services, and related products and services under the Pet Supplies Plus mark and system.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor will not guarantee a franchisee’s note, lease or other obligation.

Training and Assistance: Up to two trainees must attend and complete to the franchisor’s satisfaction our initial, tuition-free training program, which will be held at the franchisor’s corporate headquarters or any other location it may designate. Training lasts at least 80 hours, which may not be consecutive. To assist franchisees in operating their store, the franchisor may offer additional management and employee training programs, which it estimates will cost $1,000 to $1,500 a year.

Territory: The size of the territory will depend on the number of people and the retail environment where the territory exists. While there is no minimum size for a territory, a territory generally consists of at least 60,000 people in urban/suburban areas and 30,000 people in rural markets, and will be defined as either a radius around the approved location or via street boundaries. However, if the franchisee purchases a small store located in a sparsely populated rural area, the size of the territory may include fewer than 30,000 people.

Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the date the Franchise Agreement is signed. If requirements are met, the franchisee can renew 2 successive 5-year renewals.

Obligations and Restrictions: Franchisees must devote their personal full-time attention and best efforts to the management and operation of the store, or they may delegate the day-to-day operation of their store to a manager. Franchisees must offer and sell all of the products which the franchisor requires, and only the products which the franchisor authorizes for the system, in the manner it prescribes.

Estimated Number of Units: 330

Investment Tables:
Initial Investment
Name of Fee Low High
Initial Franchise Fee $49,900 $49,900
Inventory $140,000 $225,000
Equipment $195,000 $250,000
Training $5,000 $10,000
Advertising Grand Opening $30,000 $30,000
Insurance $3,000 $6,000
Leasehold Improvements $0 $350,000
Prepaid Rent/Security Deposits $0 $18,000
Legal and Accounting $5,000 $7,500
Pre-Opening Labor $8,500 $10,000
Architect/Engineering $13,000 $16,000
Additional Funds - first 6 months $100,000 $125,000
Estimated Total $549,400 $1,097,400
Other Fees
Type of Fee Amount
Royalty 2% of monthly Gross Sales for first 12 months of operation; 3% of monthly Gross sales after first 12 months of operation.
Technology Fee Currently $300 per month, estimated to increase to $1,000 per month in early 2016.
Advertising Currently $3,000 per month, $1,000 of which goes to the National Advertising Fund.
Late Fee and Insufficient Funds The lesser of 1.5% per month or the highest permissible interest rate.
Audit Fee and Surcharge 25% of the royalty on unreported Gross Sales plus the royalty and other required fees due, and applicable late fees.
Transfer Fee $5,000
Renewal Fee $2,500
Additional Training Fee $500 per day.
Insurance Cost of insurance; if franchisees fail to maintain insurance as required, the franchisor has the right to procure insurance on the franchisee’s behalf and charge an 18% administrative fee in addition to the cost of the insurance.
Supplier Network Re-Entry Fee $500
Indemnification Amount of claim or judgment.
Post-Termination and Post-Expiration Expenses Costs and expenses associated with ceasing operations and de-identifying the franchisee from the Store and the System.

The above information has been taken from the FDD of Pet Supplies Plus. Year of FDD: 2015

Franchise Direct's Disclaimer


Sign up to our newsletter and be notified about other franchise opportunities

Your E-mail Address

Confirm E-mail Address

 

You may be interested in the following franchises...

EarthWise Pet Supply Learn about the EarthWise Pet difference. It starts with our unique pet store atmosphere and feel! Request Info Min. Cash Required:
$60,000.

PET DEPOT® If you love animals and enjoy working with people, this retail pet franchise could be the perfect franchise... Request Info Min. Cash Required:
$85,000.

Your Request List

You can add items by clicking the "Add to Request List" button or checkbox when you find something you're interested in.

You may add up to 15 items to your Request List

Your request list will follow you around the site.

When you are ready to complete your request for free information, click "Submit" in your Request List.

Why not get started by browsing our New Franchise Opportunities or Low Cost Franchise Directory?

You may only enter 15 items in your Request List.

To request information from your selected companies, just fill in the form and click "Submit".

OK, got it

Request Info From:

  •  

Your List is Empty

You can add items by checking the "Request FREE Info" boxes.

* indicates required field

Optional Information

Join our mailing list!

We share your information only with your selected franchises.