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How much is the Franchise Fee? |
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A one time fee of $30,000. |
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How much are ongoing royalties? |
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6% of gross sales, payable semi-monthly. |
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Is there an advertising fee? |
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Yes, 1.5% of gross sales payable semi-monthly. |
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What does the advertising cover? |
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The advertising fee is held in a marketing trust fund by the Franchisor and used for the development of advertising materials, television, agency fees, and national advertising. |
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What are the costs of opening a Pet Planet Franchise? |
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Costs vary based on several factors such as the type of business unit and the amount of equipment required for the size of the branch. Please contact the Pet Planet franchise department for specific investment costs. |
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How do I finance the purchase of a Pet Planet Franchise? |
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If you require financing, Pet Planet will assist you in the preparation and submission of a finance application to a lending institution. Pet Planet has developed relationships with lending institutions that specialize in Franchise financing to qualified applicants. |
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What operating results can I expect? |
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Your results are dependant on several factors such as your commitment and level of effort with Pet Planet's core programs, adherence to the Pet Planet operating system and your ability to organize and provide the skills and techniques necessary to run a successful location. |
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Do I need prior experience? |
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Not necessarily, although related experience may be helpful. |
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Am I expected to be involved in the day to day operation of the Franchise? |
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Yes. It is your business. Your success is dependant upon hands-on management, a commitment to customer service and building the brand in your market. You should expect to work a minimum of 5 days per week in addition to other on-going management duties. |
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Can I own more than one Pet Planet Franchise? |
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Yes, provided that you have demonstrated yourself well in an existing location and are financially capable of operating more than one store. |
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Can I sell my Franchise? |
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Yes, subject to the approval of the sale by the Franchisor. All prospective purchasers must complete a formal application for a Pet Planet Franchise and meet our strict selection criteria. |
