Loyal Companion Pet Stores gets Acquired by Pet Supplies Plus from the Parent Company

Loyal Companion Pet Stores gets Acquired by Pet Supplies Plus from the Parent Company
Loyal Companion Pet Stores gets Acquired by Pet Supplies Plus from the Parent Company
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The most recent purchase of Loyal Companion Pet Stores by Pet Supplies Plus and Wag N’ Wash from their parent company, Independent Pet Partners

With a wide selection of pet supplies for all kinds of furry, scaly, and feathered companions, hard goods, supplements, as well as self-washing and grooming, Pet Supplies Plus provides pet parents with a convenient, high-touch shopping experience. Wag N’ Wash concentrates on canine grooming services, self-wash, natural food selections, supplements, and hard goods.

Twelve of the converted stores are controlled by the company’s first dual-branded franchisee group, which consists of Caitlin Greene, Ryan Greene, and Ray Vigneault; eight of the converted stores are currently corporate stores. Greene, Greene, and Vigneault will add 8 Pet Supplies Plus stores to their portfolio as a result of this purchase.

“We would like to express our gratitude to everyone who contributed to the quick and seamless completion of this purchase. Nick Russo, Chief Development and Stores Officer of Pet Supplies Plus, said, “We are extremely thrilled to bring even more neighbors the best-in-class goods and services that Pet Supplies Plus and Wag N’ Wash provide.

The goal of Pet Supplies and Wag ‘N Wash to offer top-notch goods and services to pet owners worldwide is furthered by this purchase.

While many brands come and go, one thing that will never go out of style is the love we have for our pets.

What makes a Pet Supplies Plus franchise opportunity even more remarkable is that a Pet Supplies Plus franchise store averages $2.7M* dollars annually. Pet Supplies Plus is proud to be ranked #20 in Entrepreneur Magazine’s Franchise 500 and #1 for the pet industry for the eighth year in a row.

Additional information about the Franchise:

  • Initial Franchise Fee: $49,900
  •  Veteran Discount: 20% off the initial fee
  •  Royalty Fee First 12 Months: 2%
  •  Royalty Fee After 12 Months: 3%
  •  Liquid Net Worth: $200,000
  •  Net Worth: $600,000
  •  Incentives: $6,000 discount on franchise fee for qualified veterans

 

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