Wag N’ Wash Earns Spot on Entrepreneur Magazine’s Annual Franchise 500® List
Published on: January 18, 2019
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Wag N’ Wash Natural Food & Bakery announced today that it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. Climbing more than 100 spots up from #465 in 2018 to #361 in 2019, Wag N’ Wash is now rated one of the top three pet store franchises.
The prestigious award validates the progress the company has made in the past couple of years. Since 2017, the brand has grown by 63%, bringing the total from 12 to 19 stores throughout the United States.
“We are honored to be recognized by this organization,” said Rob Flanagan, president of Wag N’ Wash Natural Food & Bakery. “It is a true testament to our franchisees who work every day in their Wag Shops to enhance the lives of companion pets across the country. This is a team effort, and every franchisee and member of Wag Headquarters works together to grow our brand.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, editor-in-chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
Since Wag N’ Wash’s inception in 1999, the Colorado-based company has been a leading place for pet guardians to find quality goods and services for their pet companions, and simply be pet people. Among the store’s offerings are various brands of all-natural pet foods for dogs and cats, supplements, collars and leads, toys, supplies and unique goods. In addition, Wag N’ Wash’s do-it-yourself dog wash facility is designed to put convenience and fun into the “chore” of washing your dog.
Entrepreneurial spirited individuals interested in owning a Wag N’ Wash franchise should have the ability to invest approximately $638,420, which includes working capital and a typical franchise fee of $45,000.
Over its 40 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Wag N’ Wash’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Wag N’ Wash in the full ranking, visit www.entrepreneur.com/franchise500.
About Wag N’ Wash
Wag N’ Wash Natural Food & Bakery, a full-line specialty retail destination for cats and dogs, has a mission to recognize, promote and foster the positive impact that companion pets and their humans have on each other. Wag N’ Wash provides fresh-baked dog treats, natural food, supplements, full-service grooming and self-wash facilities and toys. Today, there are 19 Wag N’ Wash locations in eight states.
To learn more about Wag N’ Wash, please visit https://wagnwash.com.
About Entrepreneur Media Inc.
For 40 years, Entrepreneur Media Inc. has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through original content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide.
To learn more, visit entrepreneur.com.