Listen to this articlePress release: Pet Supplies Plus
Leading the charge in an industry that continues to rise, Pet Supplies Plus and Wag N’ Wash are starting a new year with double-digit signed franchise agreements and openings in 2023. Although every opportunity in franchise provides prospects with a unique offering, both legacy brand Pet Supplies Plus and emerging concept Wag N’ Wash have billion dollar backing of 30+ years of franchise and industry experience.
As the largest pet retail franchise in North America, Pet Supplies Plus wrapped up the year awarding 83 franchise agreements and maintaining its steady growth of store services. Wag N’ Wash, the emerging self-wash, grooming and natural pet food franchise, has secured 12 deals and has now doubled the number of stores since its acquisition in early 2022.
Even amid economic uncertainty, consumer spending in the pet industry has maintained its upward trajectory, increasing by more than 51% between 2018 and 2022. If this trend continues, it could appreciate the industry in almost $275 billion in 2030, positioning Pet Supplies Plus and Wag N’ Wash for significant growth with a turnkey franchise opportunity.
“Reflecting on the year, the key to our success was building a strong track record, tremendous passion of our existing franchise owners, emphasizing our recession-proof business, and utilizing of our strong leadership team,” said. Nick Russo, chief development and stores officer of Pet Supplies Plus Group. “Regardless of experience, franchisees can find their perfect match here – whether that’s a full-service, large-format store like Pet Supplies Plus or a smaller, service-driven dog specialty store like Wag N’ Wash.”
Along with a strategic development plan that fueled its growth, last year’s grand openings were also central to the addition of 62 new stores for Pet Supplies Plus and 13 for Wag N’ Wash. Notably, one of them is the opening of in Michigan first Wag N’ Wash, which also serves as a flagship location, sitting in the middle of Ann Arbor.
“We expect 2024 to be another strong year as we remain laser-focused on growing the Pet Supplies Plus footprint while continuing to roll out Wag N’ Wash in new markets,” added Russo. “Interest in the Pet Supplies Plus brand has never been stronger for both new and existing markets. Equally impressive, Wag N’ Wash has become a popular commodity, so we expect to sell a record number of stores this year.
The success of Pet Supplies Plus has not gone unnoticed. Most recently, the brand was named the top pet franchise in the BusinessmanThe Franchise 500, the world’s first and most comprehensive franchise ranking. Landing no. 21 on the overall list, this is the tenth year in a row that Pet Supplies Plus has taken the top spot in its category. The franchise brand also achieved a ranking in the Forbes’ inaugural ‘Best Customer Service’ list – which is a key pillar for the brand. Both of these prestigious awards further position Pet Supplies Plus as an industry leader, for both franchising and pet retail.
In addition to prioritizing innovation to meet the changing needs and preferences of its consumers with private brand offerings and new launches, Pet Supplies Plus and Wag N’ Wash are rooted in an emerging industry and support of advanced marketing techniques, supply chain efficiency and everything. channel shopping options.
