Pet Supplies Plus Franchise

Pet Supplies Plus, a Franchise Group Inc franchise, has been franchising since 1990 - 2 years after the concept was founded in 1988 , currently with 700 total locations (600 franchised, 100 company-owned, a 86% franchise-to-corporate ratio that signals the operator's reliance on independent owners) in the retail sector, headquartered in MI. Per the 2024 FDD, budget a total initial investment of $483K to $1.0M, roughly a 117% gap between the low and high end once site size, local market, and buildout scope are factored in. Included in that number: the franchise fee of $48K, equipment, leasehold improvements, and initial working capital to carry the business through ramp-up.

Ongoing royalties run 2.0% of gross sales. Critically, Pet Supplies Plus does disclose financial performance data in Item 19, a voluntary disclosure that only about a third of U.S. franchisors make. The reported average gross revenue per location is $1.8M; at that revenue level the typical unit hands back roughly $36K a year in royalty alone. Revenue is not profit, actual franchisee take-home depends on rent, labor, cost of goods, and local demand.

Network momentum is currently positive: Pet Supplies Plus added units at a 4.3% net rate year-over-year (50 openings, 20 closures). Sustained positive growth is a signal that the unit-economics are working well enough to attract new operators, though late-stage growth can also reflect aggressive sales push rather than operational health.