Pet specialty retailer receives investment – Pet Food Processing
NEW YORK — Investment firm Garnett Station Partners, LLC announced its investment in Woof Gang Bakery and Grooming, a pet services and specialty retailer, on June 16.
Founded in 2007 by Cara Allen and Paul Allen, Woof Gang has grown to include more than 200 locations spanning 18 states.
“With a $50,000 loan, Cara and I opened our first store in 2007,” Paul Allen said. “Over the next 15 years, we grew Woof Gang with our team members, franchise owners and no outside capital. Our vision to build an unparalleled neighborhood pet store brand and provide the very best quality and service to customers and their pets, has been our passion and driving mission.
“Today, with over 200 stores open or under development and more than $125 million of run-rate system sales, Woof Gang is ready for new and exciting leadership,” he added. “After a long search, we could not have found a better partner to take Woof Gang to the next level than the team at Garnett Station.”
Financial details of the investment were not disclosed.
“Paul and Cara have built an outstanding brand and operating model that has led to best-in-class unit economics,” said Alex Sloane, co-founder and managing partner at Garnett Station. “We are thrilled that they chose to partner with our firm.”
Currently, Woof Gang’s pet food products range from its own gourmet dog treats to raw, frozen and grain-free dog and cat foods, treats and chews, as well as other pet supplies.
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