Petland Moves Up List of Top Franchises
Petland moved up 50 positions on Entrepreneur Magazine’s Annual Franchise 500 list, ranking 118 overall.
To conduct its annual rating of franchises in the world, Entrepreneur considers numerous factors, including financial strength, stability, growth rate and size of the franchise system. An independent CPA firm audits financial data. Every company with verifiable data receives a cumulative score. The franchises with the highest cumulative scores become the Franchise 500.
Petland currently has 235 locations, 150 of which are international. Stores are located in Canada, Brazil, China, El Salvador, Mexico, South Africa and Saudi Arabia. Of the domestic locations, 68 are franchises and 17 are company-operated.
“Petland is honored to be recognized by Entrepreneur Magazine as a top franchise,” said Petland, Inc. president and CEO Joe Watson. “To be recognized year after year as a top franchise in America is evidence of the relevance of the Petland business model and strong brand support by our customers.”
“Our jump in the Franchise 500 rankings this year is a huge testament to our amazing group of franchisees and the success of our company store division," said Steve Huggins, Petland, Inc.’s vice president of business development. "We look forward to the future growth of the Petland brand and meeting the needs of our customers and their pets for many years to come.”