Pet Supplies Plus was recently ranked at 200 in Entrepreneur magazine’s Franchise 500. The ranking commends Pet Supplies Plus for its exceptional performance in areas including financial strength and stability, growth rate, and system size.
“This ranking exemplifies the success we have achieved in 2015,” said David Leonardo, senior vice president of franchising. “As the nation’s largest pet franchise with more than 330 locations in 26 states, we are honored to be ranked in the Top 500 by Entrepreneur. “We look forward to building on our accelerated momentum by opening more than 30 new locations and expanding into new territories in 2016, including the California market.”
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
“Every year, the Franchise 500 presents us with an incredible opportunity to share data-driven insight into the trends and strategies in the franchise world,” said Amy Cosper, VP and editor in chief of Entrepreneur. “More importantly, it gives us the honor of celebrating its leaders and allows us to spotlight an overwhelming number of opportunities available to entrepreneurs. The franchises distinguished on this list represent strength in business showcasing their ability to be nimble and emerge in a changing marketplace. We are excited to recognize these deserving companies and thank them for the many ways they contribute to the business community.”