Dogtopia is proud to be ranked No. 12 as one of the smartest-growing franchises on Franchise Times’ 2020 Fast & Serious list, jumping 18 spots from No. 30 in 2019.
Coming out of Dogtopia’s 2018 strategic planning process, CEO Neil Gill wanted to grow the number of new locations by working with the real estate team to not only reduce vendor and supplier costs but cut the amount of time it takes to open from agreement signing to grand opening. This approach yielded a return on investment much more quickly for the franchisee allowing them to work on the business instead of in the business. It is “the ultimate in sustainable growth,” said Gill. These swift changes made an immediate impact with Dogtopia recording a 116.2 percent sales growth and 89.3 percent unit growth from 2017 to 2019.
To identify their Fast & Serious picks, Franchise Times uses a 10-point formula to identify fast-growing franchise systems that also have staying power, taking into account factors such as percentage sales growth, percentage unit growth, dollar sales growth, and numerical unit growth over the past three years.
To read the full 2020 Fast & Serious list, click here.