Petland ranks in top 10 percent of U.S. franchises

Petland is ranked in the top 10 percent of all domestic franchises.

The company's overall ranking in Entrepreneur® Magazine's Annual Franchise 500 for 2007 was 192. Petland, Inc. also achieved a ranking of 140 in the magazine's list of America's Top Global Franchises.

"It's an honor for Petland, celebrating its 40th anniversary this year, to be recognized nationally and globally as a franchise leader in pet care services," said Petland, Inc. President Frank Difatta.

In a competitive market with between 2,600 and 3,600 active franchisors in the United States, Petland's overall domestic ranking by Entrepreneur Magazine positions the company in the top 10 percent of American franchises.

"We welcome this prestigious acknowledgement as it helps get the word out about our dynamic franchise opportunity," said Petland's Franchise Development Coordinator Jim Whitman.

Both rankings by Entrepreneur magazine this year were significant improvements from Petland's overall domestic franchise ranking of 243 and global ranking of 183 in 2006. This year, Petland is the only full-service pet store franchise listed among Entrepreneur's Franchise 500 top retail pet franchises.

Currently, Petland is poised for growth as more and more qualified franchise candidates look to the development of their own business as the right choice for meeting their financial and lifestyle goals. Specialty pet retailing is a growth sector in our economy. Petland's unique operating system allows its franchisees to fill a market niche not filled by the 'big box' pet supply stores that focus primarily on the sale of pet foods.

Ranking factors

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.

More honors for Petland

This year, Petland, Inc. also ranked 182 in the annual "Top 200" franchisors in the United States as determined by Franchise Times magazine. The magazine staff bases its ranking formula on similar criteria, specifically system-wide sales and units.