Metal Supermarkets Advances Nearly 100 Spots On Entrepreneur Magazines’ 43rd Annual Franchise 500® List
International Metal Supply Franchise Ranked #287 on Esteemed Franchise List
MISSISSAUGA, Ontario – Metal Supermarkets announced today that it has once again been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. The brand moved up 94 spots from last year’s ranking.
The recognition received by Metal Supermarkets highlights their successful expansion in 2021. An addition of 12 stores last year brings the brand’s total locations to 109 in communities across the United States, Canada and the United Kingdom.
“It’s an incredible honor to once again rise up the ranks in Franchise 500,” said Stephen Schober, the President and CEO of Metal Supermarkets. “We are excited to build upon this momentum in 2022 by continuing to grow in new markets, while creating lasting and profitable franchisee relationships and supporting the existing ones. 2021 was a phenomenal year for us, not only did we reach our all-time highest network sales, but we also launched a brand-new E-Commerce platform. We look forward to continued success in the coming year with additional store openings planned for the coming months and balance of the year.” There are several key factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
Known for its convenience, speed, product variety and commitment to customer service, Metal Supermarkets occupies a stable and important niche in the $250 billion plus metal distribution industry. The brand is targeting new franchise development throughout the Northeast, the Midwest, Texas and the Southwest. Designated an essential business, the concept offers a recession-resistant, innovative and durable opportunity for interested franchise investors.
Entrepreneurially spirited individuals interested in owning a Metal Supermarkets franchise should have the ability to invest $216,500 to $403,000, which includes working capital and a typical franchise fee. To honor those who have served in the military, Metal Supermarkets offers a $5,000 discount for qualified veterans.
Over its 43 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Metal Supermarkets position on the ranking is a testament to its strength as a franchise opportunity.
To view Metal Supermarkets in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2022 issue of Entrepreneur, available on newsstands January 11th.
ABOUT METAL SUPERMARKETS
Metal Supermarkets, the world’s largest supplier of small-quantity metals, has almost 110 brick-and-mortar stores across the United States, Canada and the United Kingdom with 10 franchise locations in development. Known for its speed and convenience, Metal Supermarkets sells a wide variety of metals including Aluminum, Hot-Rolled Steel, Cold-Rolled Steel, Stainless Steel, Alloy Steel, Galvanized Steel, Tool Steel, Brass, Bronze and Copper. With highly specialized staff, customers can get the metal they need in a size that is convenient for them.
Metal Supermarkets is actively awarding franchises to candidates with strong customer service experience and an interest in a stable business opportunity. As the concept has grown in recent years, the Metal Supermarkets franchise opportunity is best suited for the owner-operator franchisee who is looking to build an income, create wealth for their family and leave a legacy. To honor those who have served in the military, Metal Supermarkets also offers a $5,000 discount for qualified veterans.
For additional information about Metal Supermarkets, visit https://www.metalsupermarkets.com.
For additional information about the Metal Supermarkets franchise opportunity, visit https://metalsupermarketsfranchise.com/.
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