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Pet Supplies Plus ranked 21st on Entrepreneur Magazine's 2021 Franchise 500 list.

The pet retailer jumped 29 spots compared to last year's ranking and was named No. 1 in the Pet Store category for the seventh-consecutive year.

The 42nd-annual Franchise 500 ranking was calculated with a proprietary formula built to evaluate franchises using five key factors: growth and size; brand strength; costs and fees; franchise support; and financial strength and stability.

Pet Supplies Plus is one of the largest independent pet retailers in North America with over 500 stores in 35 states. The franchise is expected to open 100 new stores this year, which includes rebranding nearly 40 previously-operated Pet Valu stores across seven states. The real estate transaction alone increased the brand's footprint by 10 percent.

In addition, the retailer with 30-plus years of industry expertise, omni-channel shopping and turnkey processes signed 87 franchise agreements in 2020. The recently-signed deals include former independent pet store owners who joined for the support and systems that come along with an established national brand. It also included existing restaurant owners who expanded their business portfolio with a compatible add-on business and notable AUV.

"We're evidence that local retail works when it is powered by a passion-driven franchisee and backed by a large organization designed to provide top-of-the-line processes and services built both for our locally-owned stores and corporate locations," said Chris Rowland, CEO. "We want the owners bringing the in-store, delivery and curbside experience alive and running it smoothly for the neighbor's convenience and all their individual pet needs."