Julia Rivera//November 5, 2021//
Julia Rivera //November 5, 2021//
Press release: Pet Supplies Plus
, the largest independent pet retailer in North America, jumped up 22 spots in this year’s Franchise Times Top 400 ranking of largest U.S. franchise systems. The ranking backed by 20 years of research is conducted over a five-month period to collect, verify and analyze the global system wide sales, based on the previous year’s performance.
This annual recognition is an additional testament to the brands consistent YOY growth with 97 new store commitments signed year-to-date for 2021.
“Entrepreneurs are going all-in to join the pet retail category,” said Chris Rowland, CEO of Pet Supplies Plus. “We provide new and existing owners a full support team and franchise model designed to meet all of their purchasing, marketing and supply chain needs as well as eCommerce capabilities, delivery from store, an Autoship subscription program and enhanced reward program. Our model allows investors the opportunity to work for themselves in one of the hottest industries, while receiving the support of an experienced, successful franchisor.”
In addition to the brands steadfast development pipeline, the company recently earned an 820 FUND score through FRANdata, a scoring report to predict the future performance of a franchise system that is publicly available information. FUND REPORTS provide an efficient way to help assess a bank’s franchise portfolio as a separate asset class based on the franchise brand creditworthiness.
FUND, the franchise credit score, and uses a proprietary scoring model, with a possible 950 points associated, to evaluate 13 credit risk and performance categories of a franchise brand that influence unit level performance.
Pet Supplies Plus is at the Top 5.6 percent of all franchise concepts that work with FRANdata, an independent research company supplying information and analysis for the franchising sector since 1989.
Pet Supplies Plus is focused on making it easier to get better products for your pet. With nearly 600 locations in 38 states, the stores have a streamlined design making it easy to navigate a wide assortment of natural pet foods, goods, and services. Additionally, the company website provides neighbors with additional shopping options to better meet their pet-shopping needs. Headquartered in Livonia, Michigan, Pet Supplies Plus ranked No. 21 in Entrepreneur magazine’s 42nd Annual Franchise 500 list as of 2021, and is ranked as the Top Full-Service Pet Supplies Franchise for the seventh year running for its exceptional performance in areas including financial strength and stability, growth rate and system size.