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Pet Wants Franchise Costs & Fees

Date of Incorporation: 2010
Franchising Since: 2015
Headquarters: Cincinnati, Ohio

Business Description: Pet Wants Franchise System, LLC is the franchisor. A Pet Wants franchise sells pet food and supplies at a retail location and/or by home delivery services.

Franchise Offer: The franchisor offers a Pet Wants Mobile Franchise to operate a business that offers pet food and supplies under the business name Pet Wants and uses our other related trademarks and logos.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee franchisees’ note, lease, or obligation.

Training and Assistance: All of the initial classroom training is conducted at the franchisor’s training facility in Cincinnati, Ohio. The on-the-job training is conducted at Pet Wants retail facilities located in Cincinnati, Ohio. The initial training program is mandatory. Franchisees, or the person designated as responsible for the general management of the franchised business, must begin the training program within 3 months after they sign the franchise agreement and complete it to the franchisor’s satisfaction. Currently the franchisor does not provide or require franchisees to attend additional training programs or refresher courses after their successful completion of the initial training program. The franchisor reserves the right to require additional training in the future and to charge franchisees a reasonable fee for it.

Territory: The franchisor will grant franchisees an exclusive territory delineated by Postal Codes. A map of the territory that the franchisor approves and a list of the Postal Codes comprising the territory will be attached to the franchise agreement. The Postal Codes that comprise the territory franchisees will receive for the base initial franchise fee will contain a population of up to 175,000 people. If the population within the Postal Codes exceeds 175,000 people, franchisees must pay an additional $300 for all or part of every 1,000 people over 175,000

Term of Agreement and Renewal: The length of the initial franchise term is 10 years. If franchisees satisfy the requirements for renewal, they have the right to extend the term of the franchise for an additional 10-year period after the initial term and the first renewal term.

Obligations and Restrictions: Franchisees are required to form a limited liability business entity to operate the Pet Wants franchise and designate an individual to personally manage the franchised business on a full-time basis. The manager must be approved by the franchisor and must have successfully completed the training program. Franchisees may not use the premises on which the franchised business is located for any purpose other than the operation of the franchised business and the sale of authorized products and services (this restriction does not apply if franchisees operate the franchised business from a home office). Franchisees are required to offer and sell only those products and services that the franchisor has authorized.

Estimated Number of Units: 30

Investment Tables:
Initial Investment for a Pet Wants Mobile Franchise
Name of Fee Low High
Initial Franchise Fee $34,900 $34,900
Real Estate $680 $1,500
Equipment $2,000 $4,000
Vehicle $1,800 $8,000
Initial Inventory $3,000 $3,000
Computer System $1,000 $3,000
Travel and Living Expenses while Training $1,250 $2,500
Initial Telephone, Bank and Other Deposits $500 $1,000
Pre-Opening Promotion $500 $1,000
Licenses $100 $500
Limited Liability Entity $500 $1,000
Insurance $1,500 $4,000
Additional Funds - 3 months- $2,000 $5,000
ESTIMATED TOTAL $50,230 $71,400
Initial Investment for a Pet Wants Store Franchise
Name of Fee Low High
Initial Franchise Fee $44,900 $44,900
Real Estate $3,200 $8,000
Leasehold Improvements $25,000 $75,000
Signage $1,000 $5,000
Equipment $4,000 $6,000
Vehicle $1,800 $8,000
Initial Inventory $5,000 $5,000
Computer System $1,000 $3,000
Travel and Living Expenses while Training $1,250 $2,500
Initial Telephone, Bank and Other Deposits $500 $1,000
Pre-Opening Promotion $1,000 $3,000
Licenses $100 $500
Limited Liability Entity $500 $1,000
Insurance $1,500 $4,000
Additional Funds - 3 months- $5,000 $10,000
ESTIMATED TOTAL $95,750 $176,900
Other Fees
Type of Fee Amount
Royalty Greater of 10% of Gross Revenues or $300 per month.
National Branding Contribution $250 per month.
Local Cooperative Advertising Up to 3% of Gross Revenues unless a majority of the cooperative members agree on a higher contribution.
Transfer Fee Greater of $10,000 or 3% of purchase price, plus our legal and administrative costs.
Right of First Refusal $3,000
Technology Fee Currently N/A.
Late Fee Greater of $50 or 10% of payment.
Interest 18% or the highest interest rate allowed by applicable law.
Customer Refunds Amount of expense advanced plus 18% interest or the highest interest rate allowed by applicable law.
Audit Fee Cost of audit plus 18% interest (or the highest interest rate allowed by applicable law) on under-payment.
Sales/Use Taxes Variable.
Reimbursement Amount of expense advanced plus 18% interest or the highest interest rate allowed by applicable law
Legal Expenses Amount of expense advanced plus 18% interest or the highest interest rate allowed by applicable law.
Indemnification Amount of expense advanced plus 18% interest or the highest interest rate allowed by applicable law.

The above information has been taken from the FDD of Pet Wants. Year of FDD: 2016

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