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As for operational costs, rent of a 3000 sq ft land will be upwards of INR 1 lakh per month. Electricity and water bills can amount to about INR 20,000 per month and grocery for dog's food will be INR 7,000-10,000 per month. Next major chunk of your operating costs will be on staffing, which will be around INR 70,000 for 2 assistants and 2 people who will handle office work. Of course, if you handle the office work yourself, you can save on this cost to a great extent.
You want to be in an area where there are many dog owners, but you don't want to be too close to any competing boarding facilities. All you have to do is build a few kennels, advertise, and the dogs will start showing up. Then you just feed them, walk them, and clean up after them for a few days until their owners return and you get paid! These types of facilities can range from luxurious pet “hotels” and “spas” to indoor and outdoor no-frills-type boarding. Some boarding facilities pair with dog groomers and other canine service providers to pamper and spoil your pet while you're away.
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To run a boarding kennel or cattery, you need a licence from the local authority. The number of dogs and cats that may be accommodated will be specified on the licence along with other specific conditions. This group is also expected to be the dominant force behind seeking high premium products for their pets. Most of these premium products fall into categories of food, toys, organic and natural treats, luxury services, prescription medications as well as high-tech medical therapies. The reason why spending has increased is because pet ownership increased in the United States of America between the period of 2009 and 2013, which means that there was a 3 percent increase between these time periods.
Also, networking with local pet stores, trainers, veterinarians, dog walkers, andgroomerscan be beneficial as a referral source for boarding. Even networking with competing dog boarding facilities can be beneficial as they can refer their customers to other facilities when they are fully booked. A pet boarding business needs to be designed to be a pet’s home away from home. This includes having appropriate kennels for different types of pets and an outdoor space where dogs can exercise. Boarding business owners or staff care for pets multiple times a day and need to be skilled enough to handle pets with different temperaments and training. The issue of how to start a dog boarding business is closely related to deciding on the right pricing policy for your dog daycare services.
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Spending for pets saw a 12 percent increase between the periods of 2014 and 2015, as pet owners spent almost $5.41 billion on services that were related to pets. As the market for pets, its products and services grow, the industry is expected to generate more than $91 billion in revenue by the year 2019. In order to maximize the opportunities in this industry, most pet companies are using the current trends as well as the emerging trends in order to make forecast for future markets. You should have at least some form of a rudimentary business plan for your dog business.
If you want to set up a separate legal entity, you should opt for a corporation. Unlike a sole proprietor, a corporation owner can’t be held personally liable for debts or lawsuits. In every business, it is important that the thought of how revenue will be generated should not be taken lightly as this is the aim of starting a business in the first place. Indoor kennel businesses require a permit from the Department of Animal Care & Control. Outdoor animal boarding facilities require a permit from the City Planning Commission and Building & Safety. Additionally, you can go on your trip without worry as all dog boarding bookings on PetBacker are covered by our premium insurance and 24-hour customer support team.
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You may also consider offering multiple animal discounts, reduced rates for your “frequent flyers” who visit every month, and referral bonus programs . Management Team – this section details the background of your company’s management team. Competitive Analysis – here you will document the key direct and indirect competitors you will face and how you will build competitive advantage. Depending on the stage of life you're in, there are certain breeds that will fit you, or someone you know, better. The guilt of leaving your dog home alone is real, especially when you are a working pet parent!
The best dog boarding sitter is one who is known as absolute animal lover. Depending on the size of your business and number of employees (if any!) dog walking could be part of the overall agreement. If you’re not able to walk dogs safely, at least offer a safe, gated yard big enough for adequate exercise.
Below you will learn the keys to launching a successful dog boarding business. Consult with a commercial insurance agent too, and take out a liability insurance policy and establish a plan for emergency veterinary care should an animal suffer a medical emergency. If you're planning to run your business out of your home, you'll need more than just your homeowners insurance to protect you, your home, and your assets. We find that well-socialized dogs do enjoy their stay of up to 30 days. If you feel you must board your dog for 30 days or more, discuss your needs with your boarding kennel.
Procedures and policies to establish within your dog daycare and dog boarding business before any pet owners can trust you with their fur baby. This includes dog training, dog boarding and dog daycare, and other related services such as dog walking or pet sitting. Once you’ve determined that you’re ready to start your own dog boarding business, it’s time to get to work. And a great plan will help guide you through the entire process, as you’ll know what you need to do in order to make your dreams of working in the pet care industry a reality. A pet boarding business’s revenue will depend on many factors, like the business’s location, competition, services provided, and profit margins. According to PayScale,dog kennel ownersmake an average of $50,868 per year, though that income ranges from as low as $20,000 to as high as $122,000.
If you need more convincing regarding the dog sitting business you intend to start up, this article is sure to help you with that. Consider whether you’ll be a business, a sole proprietorship, a limited liability company or something else altogether. The corporation can be a good choice to minimize liability risk because it separates the business assets from the owner’s assets. If the corporation is sued or certain business debts can’t be paid back, the owners aren’t personally responsible to repay them.
Not only does the name have to resonate with your customers, but it also has to be available to use. Our work is reader-supported, meaning that we may earn a commission from the products and services mentioned. Her career began in 2003 when she started as an investment banking analyst.
Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a dog boarding business that they believe has high potential for growth. A partnership is a legal structure that is popular among small businesses. It is an agreement between two or more people who want to start a dog boarding business together. Executive Summary – this section should summarize your entire business plan so readers can quickly understand the key details of your dog boarding business.
Location can be a key factor, like proximity to an airport or densely populated area will bring a greater volume of business. There are various types of insurance that are necessary to operate an animal shelter business. Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build your credit history which could be very important in securing loans and getting credit lines for your business in the future. If you’d like to quickly and easily complete your business plan, download Growthink’s Ultimate Business Plan Template and complete your business plan and financial model in hours.
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