Pet Supplies Plus Proves to be the Pick of the Litter in the $58 Billion Pet Industry
April 14, 2015 // Franchising.com // Livonia, Mich. – According to the recently released 2015 American Pet Products Association report, consumer pet spending shows no signs of halting. Pet owners spent $58 billion in 2014, which is only expected to increase with industry experts projecting to surpass the $60 billion mark this year.
With a strong first quarter, Pet Supplies Plus, the nation’s largest pet retail franchise with more than 300 locations in 25 states, is not showing any signs of slowing down either. Pet Supplies Plus has signed six new franchise agreements to bring the neighborhood pet store to Boca Raton, Florida; Tampa, Florida; Stephenville, Texas; Elizabethtown, Kentucky; Hartland, Michigan and Greenville, South Carolina.
“We are excited to welcome six new entrepreneurs to the Pet Supplies Plus family to help answer strong consumer demand. Few industries have seen greater development in recent years than the pet industry. This, combined with the proven franchise operating model, provides a unique investment opportunity for entrepreneurs,” said Alex Roberts, Vice President of Franchising. “We are continuing our expansion and seeking qualified single and multi-unit owners in Atlanta, Denver, Houston, Memphis, Minneapolis, Nashville, Raleigh, St. Louis and Tampa.”
This development comes on the heels of a strong 2014 in which Pet Supplies Plus opened a total of 10 franchise and 20 corporate stores, while inking deals with 17 new franchisees for continued momentum throughout 2015. The chain is on pace to open a total of 25 franchise stores over the next twelve months and company executives anticipate adding more than 200 new stores over the next five years.
Pet Supplies Plus also recently announced a partnership with Franchise America Finance that will make $15 million available to qualified franchise candidates. The full service commercial franchise finance firm will work with qualified Pet Supplies Plus franchise candidates, as well as current franchise owners who are pursuing expansion, to offer a comprehensive solution for financing through a franchise lending program created specifically for the pet supply retailer. Investments range from $300,000 to $885,000 for a small store to $400,000 to $1.1 million for a larger location.
Founded in 1988, Pet Supplies Plus shines in the congested retail segment by offering pets and pet parents a wider array of toys, equipment and Made-in-the-USA pet consumables such as wet and dry foods, treats, rawhide and chews. The company has remained focused on building customer loyalty and increasing same-store sales with a strong focus on convenience, value and fun and by creating unique in-store experiences including pet pampering events, educational pet care sessions, costume parades and more.
For more information about Pet Supplies Plus franchising opportunities, visit petsuppliesplus.com/franchise or contact Steve Olson at (734) 793-6532.
About Pet Supplies Plus
With more than 300 locations in 25 Eastern states, Pet Supplies Plus has earned the reputation as America’s Favorite Neighborhood Pet Store by offering a wide array of pet food, pet products, grooming services and animal expertise in a welcoming environment. With a friendly, pet-centered culture, where store managers and associates actually know the names of hundreds of their pet customers and their pet parents, each Pet Supplies Plus is large enough to house a broad selection of food and equipment, yet small enough to still feel neighborly. The company, headquartered in Livonia, MI., has earned its success by understanding the unique bond between humans and their pets. Pet Supplies Plus is ranked in Entrepreneur magazine’s 2015 Annual Franchise 500® list as the Top Full-Service Pet Supplies Franchise for its exceptional performance in areas including financial strength and stability, growth rate, and system size. For more information about Pet Supplies Plus, please visit www.pspfranchise.com.