Central Bark logo

Central Bark Franchise

Audited Financials
PetsEst. 2003Oakland Park, FL
www.centralbarkusa.com

Risk Score

Pending analysis

Investment Range

$522,474 - $1,039,974

Franchise Fee

$31,000

Total US Locations

38

Business Summary

Central Bark operates canine care facilities that provide a range of services tailored to individual dogs' developmental, social, and personality needs. These facilities offer day care, overnight boarding, grooming, and training services. Additionally, Central Bark locations include a specialty retail boutique for dogs and other authorized products.

Corporate History

Barkley Ventures Franchising, LLC, operating as Central Bark, was formed in February 2022 specifically to offer franchises for Central Bark facilities. Its predecessor and parent company, Barkley Ventures, Inc. (BVI), originally incorporated in Florida in August 2003 and later converted to a Delaware corporation in November 2021. BVI offered Central Bark franchises from January 2004 until March 2022. On November 1, 2021, NSF Bark, LLC acquired a majority ownership in BVI, becoming its parent company. An affiliate, Barkley Ventures IP, LLC, owns the Central Bark trademarks and licenses them to Barkley Ventures Franchising, LLC. The brand has other affiliates who operate different franchise concepts, but they do not offer Central Bark franchises.

Financial Overview

Investment Range

$522,474 - $1,039,974

Franchise Fee (Low)

$31,000

Franchise Fee (High)

$49,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$335,000

Equipment Costs (High)

$705,000

Working Capital

$75,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

Central Bark's financial condition, as noted in a risk factor, calls into question the franchisor's financial ability to provide services and support to its franchisees. In 2023, Central Bark reported a net loss of $946,770, and its member's equity decreased from $2,154,599 in 2022 to $1,180,029. While the company's financial statements received an unqualified audit opinion and show positive working capital, the franchisor itself highlights concerns about its ability to provide support.

Financing Details

Central Bark does not offer any direct or indirect financing to its franchisees. Central Bark also does not guarantee any notes, leases, or other obligations for its franchisees.

Performance Metrics

Total US Locations

38

Franchised Units

38

Corporate Units

0

Avg Square Footage

6,250

Franchising Since

2004

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their Central Bark franchise, franchisees must provide timely notice to the franchisor, remain in full compliance with their agreement and all brand standards, maintain possession of their business premises or secure an approved substitute location, and agree to remodel or expand their facility to meet current Central Bark standards, regardless of the cost. They must also pay a renewal fee and sign the then-current version of the franchise agreement and other required documents, which may have terms materially different from their previous agreement.

Training & Support Program

Franchisor Assistance

Central Bark provides comprehensive support to its franchisees. Before opening, Central Bark assists with site selection and lease approval, furnishes prototype plans and specifications, and offers guidance on preparing to open, including obtaining inventory, providing services, advertising, and operations. Franchisees receive initial training for themselves or their Managing Owner, as well as an Operating Manual. After opening, Central Bark offers ongoing advice on operating problems identified through reports or inspections, covering methods, products, inventory, advertising, and administrative procedures. The franchisor also administers a marketing fund, maintains a Franchise System Website, and may set maximum or minimum prices for products and services. Additional training, including mandatory annual conventions, and ongoing computer system support through a technology fee are also provided.

Initial Training Hours

94

Training Location

Franklin, Wisconsin or other designated locations, which may include virtual training

Ongoing Support

After opening, Central Bark franchisees receive ongoing support including advice and guidance on operational issues, product and service offerings, inventory management, and marketing programs. This guidance is provided through the Operating Manual, written bulletins, telephonic consultations, and on-site visits during inspections. Central Bark also administers a marketing fund, maintains the brand's website, and may periodically set pricing. Franchisees are required to attend an annual National Convention and can receive additional or refresher training courses for a fee. The franchisor also provides ongoing subscription, maintenance, and support for various technology systems and platforms for a monthly fee.

Franchise Requirements

Ideal Candidate Profile

Central Bark looks for qualified purchasers who, if operating as an entity, will have a Managing Owner with at least a 51% ownership interest and voting power. The owner or Managing Owner is required to dedicate their full time, energy, and best efforts to the direct, on-premises supervision and management of the Central Bark business. All owners with a 20% or more interest must personally guarantee the obligations.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Retail

Owner Participation

Full-Time

Territory Type

Protected

Territory Size Requirements

Central Bark designates territories containing approximately 20,000 households. These territories are defined by a specified radius from the location, or by zip codes, county or city boundaries, or fixed geographical boundaries like rivers or highways. For multi-unit agreements, the territory size and configuration are mutually agreed upon by the franchisor and franchisee prior to execution, based on factors such as demographics, traffic patterns, competition, and potential site availability.

Staffing Notes

A Central Bark facility must be managed by the franchisee or a designated Managing Owner. A Managing Owner is an individual who holds at least a 51% ownership interest and voting power in the franchisee entity and acts as its chief executive officer. If the franchisee and its affiliates own two or more Central Bark facilities, they may hire a Designated Manager to oversee the day-to-day operations. This Designated Manager must be approved by Central Bark, complete the initial training program to Central Bark's satisfaction, and execute a confidentiality agreement. Unlike a Managing Owner, a Designated Manager is not required to have an ownership interest in the franchisee entity. Central Bark franchisees are responsible for hiring all employees for their facility and for establishing their terms of employment, including compensation, hours, and work assignments. Central Bark facilities must always maintain a sufficient number of trained employees to ensure operations comply with Central Bark's standards. Franchisees are required to implement an employee training program focused on the handling and care of canines, adhering to Central Bark's specific requirements. If there is a change in the Managing Owner, a new one must be identified within 30 days and must complete the initial training program within 30 days of their appointment. The initial training program for the franchisee (or Managing Owner) and any Designated Manager is 10 days long, typically conducted in Franklin, Wisconsin, or virtually. This training covers essential aspects of operating a Central Bark facility, including financial controls, accounting setup, marketing techniques, purchasing, animal care, customer service, quality standards, human resources (such as recruitment, retention, paperwork, and employee training), computer systems, and general operational procedures. Central Bark also provides 5 days of opening assistance, including one operational staff member, to help the franchisee standardize procedures and train personnel during the initial operation period.