Curious about what's really going on behind the scenes at WAG N WASH? Join us in this deep dive into the financial intricacies of the beloved PET CARE FRANCHISE! In our episode, we uncover the harsh reality of Wag N Wash's weak profitability, exposing an EBITDA of just 2% in 2021 with a marginal uptick to 2.7% in 2022. The financial rollercoaster reveals challenges that franchisees might not be aware of. But that's not all – buckle up as we unravel the mystifying world of below-market royalties, where the franchisor's earnings outshine those of the hardworking franchisees. Our investigation reveals the imbalance of 4% royalties paired with an approximately 5% product gross sales margin, painting a picture of profits that may not be as fair as they seem. As we delve deeper, a concerning trend emerges: Wag N Wash has opened 10 new franchises while SIMULTANEOUSLY CLOSING 6 IN THE PAST 7 YEARS. This raises eyebrows and prompts us to question the long-term viability of the franchise. Is this a red flag for potential investors and franchisees?
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