Jennifer Lopez, Kevin Evans, Amirah Alzahrani, Gerardo Lopez
Dominican University, River Forest, IL, USA Problem & Solution Target Market Major Assets Needed • Problem: Pet owners may not be • Consumer Median Income: $56,902 App: $100,000 available to take dogs outside or • Male owners: 40% and Female owners: 39% feed them when working. • Ages: 35-44 (51%) Liability Insurance: $741/yr. • Educational Level: High School and some college (64%) • Solution: (1) An “UBER” style app • Most owners are African-Americans (1,248,948) and Hispanics (1,300,843) Website: $5,000 allows customers to: • Family size: Married couples with children - request a certified trained • Location: Montclare, Lincoln Park, West town, The Loop/South Loop (76%), PACC Certification person to take the dog out for West Loop (71%), Wicker Park (48%), Humboldt Park (45%), Logan Square, Program: $25/person a walk or feed it. Albany Park (44%). - view profiles/ratings about our Office: (rent) $3,000 employees to establish a safe Assumption: Emergency and Regulars community for our costumer’s 0.1% of 1,333,654 dogs = 1333 x $14 Dog Population Angle Investor: $70,000 pets. - view how fast an employee will ½ ½ respond to your message or Walk 5x per year Walk 100x per year 38% concern. [PE 666 x $14 x 5 666 x 100 x 14 - Track where the walker is Emergency $46,620 + $932,400 Regulars RCE - Rate: $14 for 60 min walk NTA $20 for emergency walk! GE] Pet owning households (1.3mil) • Solution: (2) offers jobs to the Chicagoland Dogs (2.1mil) 5.3% of unemployed people in Chicago. Competitor Analysis Income Statement Sustainability Goals Higher pet ownership and money spent on pets helped pet industries grow by 3.7% Direct Competition: Revenues: $979,020 annually. Dog walkers (starts at $14)(0-60 mins) Fixed Costs: Website -$5,000 Wag! $20 App -$30,000 Green-Paws Insurance(monthly) -$61.75 Office rent -$3,000 Indirect Competition: Variable Costs: PetSmart Labor(per person) -$11.50 Petco References Pet Supplies Plus Net Income: $940,958.25 Camp Bow Wow (Dog Boarding) • https://www.ibisworld.com/industry- trends/specialized-market-research- reports/consumer-goods-services/pet- care/dog-walking-services.html • http://www.cruisincanines.com/2016s-to p-10-chicago-neighborhoods-dog-owners/ • United States Census Bureau