Petland among top-ranked franchises in the USA

The US pet retail group Petland is honoured to once again be ranked among top-ranked franchises in the United States. The company climbed 29 spots this year, ranking 442nd overall in the Entrepreneur Magazine’s 36th Annual Franchise 500. According to Entrepreneur.com, there are more than 3 000 active franchisors in North America. 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.