Pet Supplies Plus is proud to be recognized as one of Entrepreneur’s Fastest-Growing Franchises in 2022, ranking at #46 of 200 top franchise opportunities. In the same year, Pet Supplies Plus received the top-in-category ranking for pet industry franchises in Entrepreneur’s 2022 Franchise 500 list. The company is no stranger to accolades from Entrepreneur since Pet Supplies Plus has won Fastest-Growing Franchise accolade for the past four years and has been named top-in-category in the Franchise 500 list for the past nine years.
Entrepreneur’s Fastest-Growing Franchise rankings are calculated based on the number of new franchise units added in the U.S. and Canada within a year, with ties broken based on percentage growth.
“For the last couple years, we’ve been extremely busy. Opening 80-100 stores a year, and that trend is continuing,” said Pet Supplies Plus CEO Chris Rowland. “As a matter a fact, its increasing. We have owners who are on store number two and can’t wait to get to store number four and five”
What Makes Pet Supplies Plus So Bark-Worthy?
Despite the pandemic, Pet Supplies Plus saw steady growth in 2021 thanks to their recession-resilient model and omni-channel shopping approaches. Pet Supplies Plus Franchisees were set up for success, and neighbors were kept happy.
In addition to being continually recognized by publications like Entrepreneur magazine, Pet Supplies Plus is considered one of the best franchises to own by franchisees. With over 100 pet store franchise agreements sold last year, Pet Supplies Plus continues to thrive and doesn’t show signs of stopping. There are over 600 Pet Supplies Plus locations, and that number continues to grow.
“When Matt and I decided we wanted to go into business, we were really looking for something we could grow … We wanted to grow a family business that we could [potentially pass down to] our children, and Pet Supplies Plus really fell right into that pocket,” said Brian Barnett.
Pet Supplies Plus has beaten the industry average for growth in the last several years, increasing their AUV from $2.4M to $2.7M* in just one year alone. With it being part of a $100B pet industry, and 68% of U.S. households have at least one furry or feathered friend, it’s no wonder Pet Supplies Plus is so successful.
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*This information can be found in Item 19 of the 2021 Franchise Disclosure Document issued by PSP Franchising, LLC. The data reflects the calendar year beginning January 1, 2020, and ending December 31, 2020, and shows the data for 220 Reporting Franchised Stores which were open and operating for 12 months as of December 31, 2020. There is no assurance you will do as well. If you rely upon our figures, you must accept the risk of not doing as well. This is not an offer to sell you a franchise. Franchises are offered by prospectus only.