Petland is honored to once again be ranked among top-ranked franchises in the United States.
Petland placed in the top 250 spots this year, ranking 209 overall in the Entrepreneur Magazine's 39th Annual Franchise 500. According to World Franchising Network, there are more than 4,000 active franchisors in North America.
"We spend months gathering and analyzing data in order to produce our annual Franchise 500 list and with over 1,000 franchisees applying for the first time in 25 years, this may have been our most competitive ranking ever," wrote Jason Feifer, Entrepreneur's Editor in Chief.
"We are honored to be recognized by Entrepreneur Magazine as one of the top 500 franchise concepts in the United States," said Petland, Inc. President and CEO Joe Watson. "Petland is proud to be your neighborhood pet store with stores around the world. This recognition is a testament to the hard work and success of our franchisees and the continued relevance of the Petland brand and proprietary operating model."
Petland, Inc.'s Vice President of Business Development Steve Huggins stated, "With the Petland brand continuing to grow around the globe, the strength of the Petland franchise system directly correlates to the dedication and hard work of Petland franchisees."
In conducting its annual rating of franchises in the world, Entrepreneur considers numerous factors including financial strength, stability, growth rate and size of the franchise system. Other rating factors include number of years in business, length of time franchising, start-up costs, litigation, percentage of terminations and whether the company provides financing. 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, Inc. is a franchise operation with quality, full service retail pet centers across the United States, Canada, China, Mexico, South Africa, Brazil, and El Salvador. The first Petland in Saudi Arabia will open in spring 2018.
For 50 years, Petland Pet Counselors have been dedicated to matching the right pet with the right customer and meeting the needs of both. To its customers who already have pets, Petland is dedicated to enhancing their knowledge and enjoyment of the human-animal bond.
Petland was founded in 1967 and is headquartered in south central Ohio. For more information on Petland, visit www.petland.com.
