Starting a pet supply store can be an exciting venture, as it offers entrepreneurs the opportunity to work with animals while also running their own business. However, there are several important factors to consider before taking the plunge into this type of retail operation. The following list outlines some of the key pros and cons of starting a pet supply store:
– Low overhead costs. Pet supplies are relatively inexpensive to purchase in bulk, which means you can keep your overhead costs low when stocking your store.
– Tax benefits. Running a business that sells pet supplies may qualify for certain tax deductions such as purchasing supplies or business travel.
– Flexible hours. Pet stores can be operated on flexible, allowing the owner to work it’s convenient for them and provide better customer service than larger pet food stores or chains.
– Competitors abound. The pet supply industry is highly competitive, meaning you will need to be creative and work hard to stand out from the competition.
– Labor costs. Pet stores require significant labor in order to provide customers with the best possible service, which can drive up operating costs.
– Animal care challenges. Properly caring for animals requires experience and knowledge, so you may need to hire an experienced animal handler or veterinarian on staff if you’re selling live animals.