For those of you who don’t know, the International Franchising Association (IFA) is the largest trade organization for our industry. Each year, typically during their annual convention, the IFA teams up with market research leader FRANdata to release a yearly Franchising Economic Outlook Report. This voluminous report offers detailed forecasts and projections based on analytical research and methodology from a wide variety of quantitative and qualitative sources. Aside from a macroeconomic viewpoint, the information is then disseminated into franchising’s many different industries and business sectors.
In this edition of the Hike Doggie blog, we’re going to look at the overall projections, as well as what can be expected for those who choose to franchise in the pet care-related sector. Here’s a hint – the news is great on both fronts!
The biggest takeaways from the overall category all feature a year-over-year analysis for projected growth, with the report anticipating the franchise industry will “overperform” once again. Here are the numbers that back up this claim:
The main section concludes with the following paragraph:
“Meanwhile, advancements in technology and automation will continue to reshape operations and workforce dynamics, offering both opportunities and challenges. As inflationary pressures ease and economic uncertainty diminishes, franchising is well-positioned to navigate this transitional period and capitalize on emerging opportunities.”
As far as Hike Doggie is concerned, this is music to our ears. But what can we expect to see in our particular niche of the overall franchising projections? Let’s take a closer look…
The Hike Doggie franchise opportunity falls under the category of Personal Services, whereas there are other microeconomic projections for categories such as Restaurants/Hospitality, Business Services, Real Estate, Retail, and Lodging. Taken directly from the report is this glowing assessment of our Personal Services category:
“In 2025, FRANdata anticipates that personal services will continue to lead franchise expansion, demonstrating the highest year-over-year growth in both the number of establishments and overall output. The number of franchise establishments is projected to grow by 4.3%, reaching 132,000 locations, while output is expected to increase by 7.5%, totaling $48.7 billion. The sector is also expected to create more than 625,000 jobs in 2025. This growth is driven by the expansion of established brands, as well as the emergence of new brands catering to niche markets.”
Does any of this sound like a familiar description of Hike Doggie? But wait – it gets even better! Again, taken from direct quotations in the report:
“The outlook for personal services franchising in 2025 remains robust, supported by continued innovation and diversification into emerging niche markets. As consumer preferences shift toward more personalized and specialized services, franchises that effectively adapt to these evolving demands are poised to achieve sustained growth.”
There’s a line in there that bears repeating – “…as consumer preferences shift toward more personalized and specialized services, franchises (such as Hike Doggie!) that effectively adapt to these evolving demands are poised to achieve sustained growth.”
Well, OK…if you say so!
In all seriousness, the business model of Hike Doggie is predicated on providing premium-level services and experiences for our clientele and their doggies. Our proven business model is well thought out and positions our franchisees for success in their own communities. If you or someone you know is interested in taking charge of their own destiny and exploring business ownership of their own, reach out to us today and schedule a discovery call. We’ll discuss the booming pet industry marketplace, the projected growth for our pet care-related opportunity, and average revenue and volume per territory.
We invite you to come join us. And let’s make dogs as happy as they make us!
About Hike Doggie
Hike Doggie was founded in 2016 with a mission to “make dogs as happy as they make us”. The business model is predicated on providing a professional and turnkey dog hiking service. Our vision is to create unforgettable outdoor experiences for dogs, ensuring their physical and emotional well-being while fostering a deep bond between them and their human families. Hike Doggie offers a low barrier to entry, quick conversion, and strong retention rates – not to mention extremely happy clients. Also make sure to check out how we make sure our franchisees are successful with our 3 Pillars of Success.
To date, Hike Doggie has participated in over 50,000 dog hikes and we’d like to have you help us add to that total. Hit the trail to success and explore franchise ownership with Hike Doggie by reaching out to our franchise development specialists at Franchise Evolution Partners to begin your personal journey. Watch this informative video on YouTube to discover how your life can change as a Hike Doggie owner. And be sure to read our blog, follow us on Instagram, connect with us on LinkedIn, and watch our collection of videos on TikTok.
All Hike Doggies must meet the following requirements to ensure all our doggies remain safe and have an awesome hike:
If your doggie does not meet these requirements, we recommend neutering/spaying (if you are not planning on breeding your cutie) & do targeted training in any area where he/she may need some help so they can enjoy an enriched lifestyle full of outdoor fun with friends!
