Pet Supplies Plus Teams With Franchise America Finance to Expand

Pet Supplies Plus, a pet retail franchise with more than 300 locations in 25 states and headquartered in Livonia, Mich., is announcing a partnership with Franchise America Finance that will make $15 million available to qualified franchise candidates.

Franchise America Finance, a full-service commercial franchise finance firm specializing in debt and equity placement, will work with qualified Pet Supplies Plus franchise candidates, as well as current franchise owners who are pursuing expansion, to offer a comprehensive solution for financing through a franchise lending program created specifically for the pet supply retailer.

Pet Supplies Plus Teams With Franchise America Finance to Expand Pet Supplies Plus will use this initiative to accelerate growth in Atlanta, Raleigh, Tampa, Minneapolis and St. Louis, while also introducing Denver, Houston, Nashville and Memphis to its neighborhood pet store feel.

Pet Supplies Plus opened a total of 10 franchise and 20 corporate stores in 2014, while inking deals with 17 new franchisees for continued momentum throughout 2015. The chain is on pace to open a total of 25 franchise stores over the next year.

Since its 2010 acquisition by New York-based Irving Place Capital, the company has built a new 760,000-plus-square-foot distribution center and introduced a new "neighborhood-centric" layout for all of its new stores, emphasizing convenience, functionality and pet interaction.

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