Even the largest pet grooming
salon was once a small one. We have clients, some even a part of this site, that have gone
from being a pet groomer making less than $10,000 a year, and they are now a salon owner
with a commercial business earning over $300,000 a year, and they retain $100,000+ before
taxes. Others are netting $30,000 to $75,000, not bad eh? All of them have a commercial
space in which they operate the business. In this way, they can keep on growing and
growing, and do 30, 50 and even 75 or more pets a day, and Sundays. Here's a secret too,
most of them charge average service fees. They go for volume, and not top service fees,
and that encourages repeat business. This concept is often more difficult for the
home-based pet groomer and mobile groomers having to charge clients for the convenience of
coming on-site.
Some of our clients have even
gone on to purchasing their commercial building, and leasing out extra space that makes
the payment, and they operate a large pet grooming business almost rent-free. Nearly all
maintain a long lease of at least 5 years with an option to renew for another 5. That
builds net worth and market value. Most business opportunity seekers are interested in
purchasing a commercial salon.
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If you are looking to your
business to provide for your retirement, you need to build the largest business possible
with a clientele that comes in often, and site it in a commercial location with a good,
long lease. Make sure you have a very professional sign, and that your operation is
conducive to selling, meaning that the buyer knows they can come in and take over and run
the business in the same way as you. The more "systematized" you are, with a
well-documented business history, the more likely you can encourage a higher appraised
value, and more buyer confidence.
The sky is the limit with a
commercial location. You can become as large a business as the number of pet owners there
are in your business' "market area." Everyone starts small, and then they work
to grow a business. Only you are responsible for the limits on the size and location of
your dream business. Maybe you only see yourself being a pet groomer now, and can't even
imagine owning a commercial business. The solution is business knowledge. Extend your
experience getting education in small business management.
It's never to early to extend
your grooming excellence with pet grooming business management excellence. There are two
important "business books" for salon owners. Read both of the two best grooming
management books, From Problems to Profits and The Art and
Business of Pet Grooming. They should be in every pet groomer's library. Both can be
ordered securely on-line at our Bookstore.
Planning Ahead for Your Retirement
If you plan to retire someday,
you will want to do so comfortably. Pet grooming business owners can create a business
that provides them with such a retirement. The stereotypical image of the average pet
grooming business owner is unfortunately not adorned with the vision of selling a business
that provides them with such a retirement. Today, more pet grooming business owners are at
least participating in some of the few retirement programs offered by leading trade
associations, or those of their individual choice.
The size of your client base
is directly proportional to the value of your business. So, the more your business is
worth, the more you will receive for your retirement. Use management information to build
the net worth of your business. The leading source of information to grow the net worth of
a pet grooming business today is From Problems to Profits.
However, don't overlook other business management publications and higher education
sources, and professional working relationships with a bookkeeper, business attorney,
accountant and financial planner. Every home, mobile or commercial salon needs management
and professional advisors.
What you plan NOW affects you
many years from now. Just saying
to yourself you will think about
it later is not wise. Strategize
your career in pet grooming with
a map of sorts. Create a
business plan, because to create
one you must identify short-term
objectives, and those five, ten
and twenty years ahead. You are
not locked in and prevented from
making changes, but you will
surely make less mistakes.
Today's industry has far more
resources to assist you than
ever before, but you must take
the time to learn and
strategize. Be realistic and
grow in stages. You will find
new inspiration each time you
achieve a goal, and then you go
after the next one. Be more than
a pet groomer, be a business
person that grooms, and you will
have a more profitable and
satisfying career in pet
grooming whether you operate in
the home, in a van or a
commercial location.
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