Petland on Top-ranked Franchise List
Entrepreneur Magazine positions Petland on Franchise 500 list
CHILLICOTHE, Ohio, Jan. 13, 2017 // PRNewswire // -- Petland is honored to once again be ranked among top-ranked franchises in the United States.
Petland placed in the top 200 spots this year, ranking 188 overall in the Entrepreneur Magazine's 38th Annual Franchise 500. According to World Franchising Network, there are more than 4,000 active franchisors in North America.
Franchising is "the Midwest of the business world; the best franchise systems put their nose to the grindstone and work year after year, sometimes decade after decade, to slowly and methodically make their franchisees successful and to refine and expand their systems," reported Jason Daly for Entrepreneur in a story about the rankings. Petland agrees.
"It is an honor to once again 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. "This recognition is a testament to the continued relevance of the Petland brand and our proprietary operating model which matches healthy, happy pets with new families."
Petland, Inc.'s Vice President of Business Development Steve Huggins stated "The strength of the Petland franchise system directly correlates to the dedication of Petland franchisees located around the world. The love of pets is universal and the Petland brand continues to be a world leader in pet retail."
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. For 2017, Entrepreneur reported that new methods were used for measuring and analyzing franchise businesses. Additionally, new factors, such as social media, were also considered. 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, Japan, China, Mexico, South Africa, Brazil and El Salvador.
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.
Director of Public Affairs
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