Wag N’ Wash Natural Food & Bakery Ranks #448 for its First Ever Ranking in Entrepreneur Magazine’s Franchise 500 List
Wag N’ Wash was recently featured on Franchising.com for earning the #448th spot on Entrepreneur Magazine’s 38th Annual Franchise 500 list. This is extremely exciting as it is the brand’s first ever ranking on the prestigious list that is widely considered the “first, best and most comprehensive franchise ranking.”
If you are not familiar with Entrepreneur’s Franchise 500 list, Entrepreneur ranks the top 500 franchise opportunities every year based on a variety of factors; with the most important factors consisting of the financial strength and stability, growth rate and size of the system, number of years being in business, length of time it has been franchising, startup costs, percentage of terminations, and if financing is provided. In order for a franchise to be eligible for a Franchise 500 ranking the franchise company must have a minimum of 10 units with at least one being a U.S. based franchise. This is an impressive accomplishment considering over 1,000 companies were vetted and given a cumulative score based on more than 150 data points by Entrepreneur’s editorial team for the 2017 ranking.
“We are incredibly proud to make our debut on this exclusive ranking of America’s top franchise opportunities. When we opened our first store nearly 20 years ago, we forged a mission to recognize, promote, and foster the positive impact that companion pets and their humans have on each other. We have continued to deliver on this promise and are confident that at just 12 locations today, we have significant opportunity for continued growth.” – Wag N’ Wash co-founder Dan Remus.
Wag N’ Wash is certainly poised for growth, with one third of the 12 franchise locations opening in the last 24 months and seven more stores slated to open in 2017. With the addition of these new locations, Wag N’ Wash now has a presence in Arizona, Colorado, Kentucky, Maryland, Minnesota, Nevada, New Jersey, and Washington.