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Accounting for Dog Wash & Pet Grooming Businesses
Running a pet grooming or mobile dog wash business requires a love of animals and to be successful you also need marketing skills. From a technical point of view you need an understanding of the various breeds, their type of hair and you also have to deal with minor skin, ear and nail conditions.
Pet owners demand a professional and prompt service for their extended family so you need a friendly demeanour. Not only that, running a pet grooming business or mobile dog wash operation or franchise means you do more than just wash the dogs because you offer clips, full grooms as well as flea, tick and worm treatments. Most operators also look to on-sell dog accessories and pet food to maximise sales and profits.
Having an accountant who understands the pet grooming or dog wash industry can mean the difference between surviving and potentially thriving. Over the past decade, Linda McGowan and her team of accountants have mentored a number of dog wash operators and franchise owners through the various stages of their business life cycle from start up right through to sale. We bring experience, technical knowledge and most importantly, an intimate understanding of your industry to the table.
Thinking of Starting a Pet Grooming or Mobile Dog Wash Business?
If you are looking to start a pet grooming or mobile dog wash business there are numerous issues to consider. As a business start-up specialist we can provide you with a comprehensive checklist of start up expenses broken down into categories including IT, marketing, trailer and equipment plus consumables and stock. These figures then automatically feed into an integrated cash flow budget to help you identify any finance requirements and they also tuck into your business plan.
We’ll advise you on the most appropriate tax structure for your business taking into account income tax considerations, asset protection and future discount capital gains tax concessions. Next, we will help you select the most appropriate software for your business and factor in your business needs and level of accounting skill. Far too many people starting a mobile dog wash or pet grooming business make the mistake of buying sophisticated ‘double entry’ accounting programs (like MYOB and QuickBooks) that are beyond their needs and level of accounting skill.
In most instances these business owners simply end up providing their accountant with what can only be described as a ‘computerised shoebox’. This creates unnecessary costs and accounting fees. Our brief includes helping you save money and increasing your profits so most of our pet grooming clients use Cashflow Manager because of its simplicity. We provide you with 30 minutes training on the software which means you are up and running quickly and GST and BAS preparation are not an issue. If required, we can even help you locate suitable funding to finance your equipment, franchise fee or motor vehicle.
Marketing Your Business
For a mobile dog wash business or pet grooming business, marketing can be the difference between success and failure. It all starts with branding and we can help you identify your target market and build a brand that resonates with your ideal type of customer. We have helped dozens of clients create their business name, logo and slogan. Next we’ll offer you advice regarding your website’s colour scheme, skin, functionality and content. Again, we have worked with a graphic artist and website development group that can give you an inexpensive but classy website. If you need help with your corporate brochure, newsletter or want to harness the power of social media to win more referrals, call us today.
Grow Your Profits
That’s just the beginning. As accountants we can prepare some ‘what if’ financial scenarios so you know your business’ best and worst case scenarios. We can help you prepare a cash flow budget and project your first year’s profit and loss statement. On an operational level we’ll help you price your services and identify your break even point so you know how many washes and cuts you need to do each week to cover your fixed costs.
We recognise you want to grow your business, your profits and your wealth. For that reason we strive to help you ‘know your numbers’ and that includes understanding the 4 Ways to Grow Your Business. If you understand the key profit drivers in your business we can talk you through profit improvement strategies. Not only that, we can quantify the profit improvement potential in your business. Using industry benchmarks we can analyse the performance of your pet grooming or dog washing business and compare it against your competitors so you understand what is working in the business and what needs working on.
Our unique Business Accelerator Process is all about fast tracking your business success and the team of pet grooming specialists at Linda McGowan Pty Ltd offer you a range of accounting, taxation and business coaching services including:
- Start-Up Business Advice for Pet Grooming & Mobile Dog Wash Business Owners
- Advice regarding the Purchase and Sale of your Business including Dog Wash Franchise
- Spreadsheets and Tools including a Start Up Expense Checklist and Pricing Calculator
- Advice and Establishment of Your Business Structure
- Tax Registrations for ABN, TFN, GST, WorkCover etc.
- Preparation of Business Plans, Cash Flow Forecasts and Profit Projections
- Accounting Software Selection and Training
- Preparation of Finance Applications for the Bank
- Preparation and Analysis of Financial Statements
- Bookkeeping and Payroll Services
- Tax Planning Strategies
- Marketing Audit including the establishment or evaluation of your branding, brochures, website and social media strategies
- Advice and Assistance with the Development, Content and Website SEO
- Wealth Creation Strategies and Financial Planning Services
- Industry Benchmarking and KPI Management
- Vehicle & Equipment Finance
- Advice & Assistance with Pricing
- Advice regarding Claiming your Motor Vehicle Costs
- Recession Survival Strategies
- Advice regarding Employee Relations and Workplace Laws
- Business & Risk Insurances
- Business Succession Planning
We are so much more than just tax accountants. We are business and profit builders who provide strategies and solutions for business owners. We genuinely care about your success and your industry is a niche area within our accounting practice. To get your business or franchise off to a flying start or give your existing pet grooming business more ‘woof’, contact us today.
