1
Complete the company overview and mission
Enter your legal business name, entity type, ownership structure, planned or current address, and a one-sentence mission. This anchors every subsequent section.
💡 Register your business entity before completing this section — lenders require a legal name that matches state registration records.
2
Research local market demand
Use US Census data and American Pet Products Association statistics for national context, then pull local data: number of registered dogs, competing kennels within 10 miles, and average boarding rates from competitor websites.
💡 Call three local veterinary clinics and ask which kennel they recommend most — this tells you who your real competitors are and where the referral pipeline already flows.
3
Define your services and set prices
List every service with a per-unit price. Cross-check each rate against at least three local competitors. Calculate the gross margin on each service to confirm pricing covers variable costs at your target occupancy.
💡 Add-on services — individual playtime, grooming, training — typically carry 60–70% gross margins and are critical to hitting revenue targets during low-occupancy months.
4
Detail the facility layout and run count
Specify total square footage, number of standard runs, number of premium suites, indoor/outdoor yard dimensions, and any planned future expansion capacity. Include a simple floor plan sketch or reference an attached diagram.
💡 Local zoning and state licensing authorities will request a facility diagram — creating it here saves time on the permit application.
5
Build the staffing plan by phase
Map headcount at open, at 50% occupancy, and at full capacity. Assign hourly rates or salaries to each role and calculate total labor cost as a percentage of projected revenue at each phase.
💡 Target labor cost at 30–40% of gross revenue for a kennel. If your opening-phase staffing model exceeds 50%, trim part-time hours until occupancy climbs.
6
List every license, permit, and inspection required
Research requirements at three levels: federal (USDA APHIS if applicable), state (kennel license), and local (business license, zoning, building inspection). Record the issuing authority, fee, and estimated approval timeline for each.
💡 Start the zoning or conditional-use permit application as early as possible — it is almost always the longest lead-time item, often 8–16 weeks in suburban markets.
7
Build the three-year financial model
Enter startup costs line by line, then model revenue monthly using a seasonal occupancy curve. Build the P&L from the bottom up: occupancy rate × run count × nightly rate = boarding revenue, then add daycare and add-on revenue separately.
💡 Use a separate tab to document every assumption — occupancy ramp, average nightly rate, add-on attach rate. Lenders and investors will question every number; having the assumption sheet ready builds immediate credibility.
8
Write the executive summary last
Pull the single most compelling data point from each completed section — market size, run count, projected Year 1 revenue, funding ask — and compress them into one to two pages.
💡 The executive summary is the only section a busy lender may read in full before scheduling a call. Every sentence must earn its place.