Leader in service animal certifications and dog training with a growing customer base and scalable revenue model. Owner is open to investment or partial buyout.
Project Fido is a U.S.-based pet services company established in 2015, focusing on service animal certification and dog training. It has gained a strong reputation for providing emotional support and psychiatric service animal certifications through a nationwide network of mental health professionals. Project Fido offers various services, including both virtual and in-person dog training, and has built a competitive edge in the industry through compliance and quality service.
The company reported a revenue of $41.1 million over the twelve months ending July 2024, with an EBITDA of $7.1 million, showcasing solid financial health. It has achieved a compound annual growth rate of 20.5%, driven by strategic expansions and market demand. The business operates on a recurring revenue model through a VIP subscription program, boasting 26,000 active subscribers. Revenue streams are diverse, with 94% from service animal certifications, 6% from dog training, and additional income from selling ESA-related products.
Project Fido processed over 190,000 orders in 2023, reflecting a loyal and sizeable customer base. The company's operations feature high gross margins and scalability potential. The customer demographic primarily includes individuals seeking mental health support via emotional support animals and service dogs, tapping into the increasing trend of using service animals for therapeutic benefits.
The company is offering a majority stake to new investors, eyeing further expansion without prior external investment. Growth opportunities include expanding the in-person training network, enhancing marketing strategies, growing the VIP program, and forming partnerships for referrals. This profitable entity presents a strong market presence and diverse revenue model, appealing to potential investors.
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