2024 mid-year review: Our double-digit growth leads the pet retail industry

Pet Supplies Plus Franchise graphic showing 30+ years of franchise expertise.

Recently reported on PRNewswire, We at Pet Supplies Plus have established ourselves as North America’s largest pet retail franchise. We have had significant double-digit mid-year growth, with 23 franchise agreements sold and 40 new store openings. By year-end, we’re expected to sell 70 franchise units and open at least 45 new stores. This impressive growth comes from our business model — offering support, technology and unmatched buying power.

“Heading into 2024, we were focused on growing Pet Supplies Plus’ footprint and bringing Wag N’ Wash to new markets, and we’ve achieved some of these goals and are making strong progress on others,” said Nick Russo, Chief Development and Stores Officer of PSP Group. “We are continuing to receive high interest in both franchise opportunities, especially from existing franchise owners who are looking to diversify their portfolios with a concept that is primed for growth in a thriving industry. With the stability of both brands and the strength of each system, the future couldn’t look any brighter.”

Our franchise owners have the tools they need to thrive in the ever-expanding pet industry.

Staying ahead in pet retail with innovation

With over 65% of U.S. households owning a pet, the demand for pet products and services is soaring. Consumer spending in the pet industry is increasing year after year, creating opportunities for new and existing franchise owners. Pet Supplies Plus is perfectly positioned to capitalize on this booming market, offering a thriving franchise opportunity.

We continuously innovate to meet the evolving needs and desires of our neighbors. From private brand offerings to new product launches, we stay ahead of industry trends and create our own. Our franchise owners benefit from our advanced marketing strategies, supply chain efficiencies and omni channel shopping options, ensuring they can deliver the best service to their neighbors and create the best business for themselves.

Why we’re the best: Elite recognition and financial rewards

Our achievements speak for themselves. We’ve been named the top pet franchise in Entrepreneur’s Franchise 500®, ranking No. 21 on their overall list—a position we’ve held for ten consecutive years. We were also recognized by Entrepreneur as a top brand for multi-unit franchise owners, further solidifying our reputation in the franchise community. Additionally, our commitment to exceptional customer experiences earned us a spot on Forbes’ inaugural list of ‘Best Customer Service,’ showcasing our dedication to being a welcoming and trusted brand.

In addition to our recognition and according to FRANdata, a leading research and advisory firm, our 2023 FUND Score is an impressive 905 out of 950, an achievement of its own. This high score means our franchise owners have access to the best credit terms, including fixed-rate financing, low equity payments, and streamlined processes. These financial benefits make it easier for our franchise owners to manage and grow their businesses.

Become a Pet Supplies Plus franchise owner

We are actively seeking single and multi-unit owners to join our growing family. By becoming a franchise owner, you’ll be part of a brand dedicated to making it easier to get better products and services for pets. With 730 locations in 43 states and counting, we offer a streamlined design, a wide assortment of natural pet foods, goods and services.

Investing in a Pet Supplies Plus franchise means joining a brand with a proven track record, a commitment to innovation and a supportive network dedicated to your growth. With the pet industry booming and consumer demand on the rise, there has never been a better time to become a Pet Supplies Plus franchise owner. Fill out the form below to speak with our Franchise Development Team.