Vanity Fur logo

Vanity Fur Franchise

Audited Financials
PetsEst. 2021Eastvale, CA
www.vanityfurs.com

Risk Score

Pending analysis

Investment Range

$78,185 - $96,855

Total US Locations

3

Business Summary

Vanity Fur is a mobile pet salon franchise that provides pet bathing, grooming, and other related services and products directly to customers at their homes or other locations. Vanity Fur offers both individual unit franchises and area development franchises for establishing multiple businesses within a designated territory.

Corporate History

Vanity Fur Franchising, LLC was established as a California limited liability company on August 30, 2021, and began offering franchises on April 14, 2022. Before the franchisor entity was formed, its affiliate, JA Mobility LLC, had already been operating a Vanity Fur Business since November 2010. Another affiliate, Vanity Fur IP, LLC, formed in November 2021, is the owner of the Vanity Fur trademarks.

Financial Overview

Investment Range

$78,185 - $96,855

Franchise Fee (High)

$45,000

Royalty %

5%

Marketing %

1%

Equipment Costs (Low)

$95,675

Equipment Costs (High)

$112,375

Working Capital

$6,605

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion, Going concern qualification

Financial Health Notes

Vanity Fur Franchising, LLC's financial statements indicate that the franchisor has experienced a net loss and a net cash outflow from operating activities for the year ended December 31, 2023. These factors raise substantial doubt about Vanity Fur Franchising, LLC's ability to continue as a going concern. The company's future depends on achieving profitable operations and securing additional financing, though there is no assurance these plans will be successful. This financial condition calls into question the franchisor's financial ability to provide services and support to franchisees.

Financing Details

Vanity Fur Franchising, LLC does not offer any direct or indirect financing to its franchisees. Additionally, it does not guarantee any notes, leases, or other obligations that franchisees might incur.

Performance Metrics

Total US Locations

3

Franchised Units

2

Corporate Units

1

Franchising Since

2022

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their Vanity Fur franchise, franchisees must be in compliance with their Franchise Agreement, provide 180 days prior written notice of their intent to renew, and sign the then-current Franchise Agreement and related agreements for the renewal term. They must also sign a general release in favor of Vanity Fur Franchising, LLC, pay a renewal fee, and remodel or upgrade their Vanity Fur Business to meet current brand standards. All owners and their spouses must also be in compliance with their agreements and personally guarantee the terms of the new renewal Franchise Agreement.

Training & Support Program

Franchisor Assistance

Vanity Fur Franchising, LLC provides various forms of assistance to its franchisees. Before opening, Vanity Fur helps by granting the franchise, reviewing and approving the operating territory, providing access to its confidential operations manuals, and supplying lists of approved suppliers, distributors, and equipment. Vanity Fur also identifies the franchisee's business on its website and provides initial training to the franchisee and one manager. After opening, Vanity Fur communicates operating standards, marketing standards (including approval of marketing materials), and updates on approved vendors. It may coordinate an annual system conference and can offer supplemental training if requested or required due to performance issues. Vanity Fur Franchising, LLC also administers marketing funds.

Initial Training Hours

57

Training Location

Chino, California

Ongoing Support

After opening, Vanity Fur Franchising, LLC provides ongoing assistance by communicating updated operating and marketing standards, and maintaining lists of approved vendors. It may also coordinate an annual system conference, which franchisees are required to attend (for up to three days per year, with franchisees covering travel, lodging, and a fee up to $1,500). Supplemental training is available upon request or if required by Vanity Fur Franchising, LLC, at a cost of $300 per trainer per day plus expenses. New operating managers also require initial training at a cost of $500 per person per day. Vanity Fur Franchising, LLC manages a brand development fund to which franchisees contribute a percentage of their gross sales, currently 1%. Franchisees must also spend a minimum of $200 to $400 per month on local marketing efforts, which are subject to approval. Vanity Fur Franchising, LLC also has the right to establish and require participation in local or regional advertising cooperatives.

Franchise Requirements

Ideal Candidate Profile

Vanity Fur Franchising, LLC seeks individuals or corporate entities whose managing owners are personally responsible for daily management and supervision. The managing owner must successfully complete initial training and obtain all necessary licenses and permits. Ideal candidates are described as having good moral character, sufficient business experience, aptitude, and financial resources to own and operate a Vanity Fur Business.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Hybrid

Owner Participation

Hands-On

Territory Type

Protected

Territory Size Requirements

Vanity Fur Business operating territories are generally defined by a geographic area containing a population of approximately 150,000 to 300,000 people. The franchisor determines the specific scope based on population density, demographics, and geographical boundaries, which may include zip codes, streets, highways, county lines, or designated market areas. While there is no minimum size, the population range is a key factor.

Staffing Notes

Vanity Fur Franchising, LLC does not provide assistance with hiring or training employees. Franchisees are solely responsible for managing and supervising their own staff. However, franchisees must ensure all employees wear approved Vanity Fur branded uniforms and apparel. Additionally, franchisees are responsible for monitoring that all System Supplies and Approved Services and Products are prepared, maintained, and served according to Vanity Fur System standards and manuals.