Why Demand for High-End Pet Services Is Growing - Pet Product News
High Maintenance Bitch - High end pet products for your spoiled furry babies!
Indeed, when pets are involved, many owners are happy to part with sums of cash they might balk at in other circumstances. As a result, high-end pet product businesses have been established to meet these demands.
As more pet owners are beginning to humanize their furry friends and treat them as members of the family, sometimes even spending considerably more money on their food and general care products, businesses in the market are starting to take notice. The range of high-end products available in the niche is therefore wider than ever, with an emphasis on top quality ingredients and materials. In this landscape, innovative pet businesses such as Ohio-based OurPet’s Company (OTCQX: OPCO) can only thrive through its commitment to offering only the best and highest quality products.
High End Pet Products – Southeastern Commmercial Finance
Manufacturer of High-end Pet Products
In the food category, it’s created an explosion of products marketed to attract human tast eb uds and assuage human health concerns. The, which took in, has tracked human health trends -- visit any high-end pet food store, and you’ll find an array of non-GMO, organic, grain-free, raw, paleo, fill-in-the-food-fad-of-your-choice-here products. Dog treats now come in flavors from lobster roll, to green juice, to pizza crust.''People are no longer pet owners, they're pet enthusiasts,'' said Irwin Palchick, president of sales for Pet Silk Inc., a Houston-based purveyor of high-end grooming products for pets.The company is a manufacturer of high end pet products and in recent years, their business model has shifted from domestic production to imported product. The company has expanded its product lines and has seen significant growth in it’s existing customer base. The growth coupled with the longer productions cycles required for imported products has created the need for additional working capital. However, the company found itself scrambling for working capital to meet seasonal orders when it’s bank declined the line increase after a protracted loan request process. Southeastern was able to provide a $600,000 line increase as well as provide a borrowing base structure that mirrored the company’s seasonal needs. The result is a working capital facility that provided the required amount and structure for the company to process its surge in orders and just in time for the company to build inventory for its seasonal business in the Fall.That craving has helped fuel the explosion of pet products from high-end companies like Coach and Paul Mitchell, companies whose products traditionally cater to the human market.