Pet Supplies Plus has again been ranked #1 in category in Entrepreneur magazine’s annual Franchise 500 list. 2023 marks the ninth consecutive year of receiving this honor. In addition, the brand was ranked #22 overall, further positioning it as a top franchise in the pet industry. To be eligible for a rank, a franchisor must be seeking new Franchise Owners in the U.S. or Canada and must have had a minimum of 10 units open and operating as of July 31, 2022.
How are the rankings determined?
The Entrepreneur Franchise 500 Ranking looks at several areas of each franchise opportunity, including:
- Costs and fees: How much is the total investment, including franchise and royalty fees?
- Size and growth: How many units are open? How many closures have there been? What is the growth rate?
- Support: What kind of training, support and financing help is available?
- Brand strength: How many years has the brand been in business and been franchising?
- Financial strength and stability: What do the franchisor’s audited financial statements look like?
After this data is collected, franchisors fill out an online form and submit a copy of their current Franchise Disclosure Document (FDD). Submissions are vetted before being entered for analysis. Eligible franchisors are then scored on over 150 data points. Those with the highest cumulative scores become the year’s Franchise 500.
What makes Pet Supplies Plus a best franchise to own?
Several factors set Pet Supplies Plus apart from other franchise ownership opportunities, one of them being the amazing support they offer. “Our Franchise Owners really appreciate the support they’re getting from Pet Supplies Plus. We try very hard to minus the hassle to make it easy for them to spend their time on the floor interacting with the neighbors where the magic happens,” says CEO Chris Rowland.
In addition, seven omnichannel shopping options — like curbside pickup and online ordering — drive revenue by letting customers shop the way they want. Combine that with the power of a national brand, the lowest royalty fees in the industry and an Average Unit Volume (AUV) of $2.7M* and it’s easy to see why Pet Supplies Plus is best in category and an exceptional pet store franchise opportunity.
Are good markets still available?
Pet Supplies Plus has experienced impressive growth over the past several years, dominating the pet industry as a whole. At 650+ stores and growing, there are hot markets available across the country. And with over 30 years of franchise experience, Pet Supplies Plus has the industry knowledge to help Franchise Owners succeed. Rowland says, “For the last couple years, we’ve been extremely busy, opening 80 to 100 stores a year, and that trend is continuing. As a matter of fact, it’s increasing. We have owners that are on store number two and can’t wait to get to stores four and five.”
How do I know if owning a pet franchise is right for me?
A Pet Supplies Plus franchise is an amazing opportunity to own your own business. If you love pets, you’ve already met the number one requirement for ownership. Combine that with investment smarts and a motivation to do well, and you’ve got everything you need to be a successful pet store franchise owner. Franchise Owners come from a variety of diverse backgrounds, ranging from corporate America dropouts to multi-unit owners and everything in between.
Nick Russo, Senior Vice President of Stores, says, “Pet Supplies Plus is a proven concept with best-in-class support that you can’t always find at other franchises.”
Potential Franchise Owners should have a minimum total net worth of $600K and $200K in liquid assets. The initial franchise fee investment is $49.9K. Pet Supplies Plus is proud to offer an initial franchise fee discount of 20% to qualified veterans seeking ownership.
Multi-Unit Franchise Owner Brian Barrett says, “If you’re looking to get into a franchise, I think Pet Supplies Plus is a really good opportunity. Corporate sets a great foundation; the culture is amazing. Getting to work in the stores with the neighbors, seeing their pets — it’s a fun atmosphere and it’s also a really great financial opportunity.”
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