Metal Supermarkets Earns Spot On Entrepreneur Magazine’s 44th Annual Franchise 500® List
World’s Largest Supplier of Small-Quantity Metals Once Again Recognized in Highly Competitive Ranking of Top Franchises
TORONTO, Ont. – Metal Supermarkets announced today that it made Entrepreneur Magazine’s Franchise 500® list, considered the best and most comprehensive franchise ranking in the world. This year’s placement marks the seventh year in a row the brand has earned recognition on the highly competitive list of top franchise concepts.
The ranking earned by Metal Supermarkets highlights its successful growth in the past year. The brand achieved record sales results for the ninth consecutive year, with same-store sales up 16.1% and an 86.8% increase in online sales. Metal Supermarkets also expanded its global presence with nine new stores across the United States and United Kingdom and added more than 10 units to its development pipeline, bringing the brand’s total number of open locations to 116 across the globe.
“We’re honored and proud to be recognized in the Franchise 500® list for the seventh straight year,” said Stephen Schober, President and CEO of Metal Supermarkets. “2022 was a remarkable year for the overall growth of our brand. We’re eager to keep this momentum going in 2023 by expanding into new markets, building lasting relationships with franchisees and providing communities around the world with our world-class customer service and one-stop shop for all metal needs.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several 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 underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
Occupying a stable and important niche in the $250 billion-plus metal distribution industry in its markets, Metal Supermarkets is targeting new US franchise development throughout the Northeast, the Midwest, Texas and the Southwest. Designated an essential business, the concept offers a recession-resistant, stable and successful opportunity for interested franchise investors. Each Metal Supermarkets location provides solutions to customers’ metal needs in both the business-to-business and business-to-consumer categories. With a diverse product base and a no-minimum order quantity, Metal Supermarkets builds long-lasting relationships with customers as a result of delivering an exceptional customer experience.
Currently, Metal Supermarkets is actively awarding franchises to qualified individuals 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. The moderate investment range for a Metal Supermarkets location is between $310,500 to $562,500, and qualified owners must have a minimum of $150,000 in liquid capital to be considered. To honor those who have served in the military, Metal Supermarkets offers a $5,000 discount for qualified veterans.
Known for its convenience, efficiency, product variety and dedication to quality customer service, Metal Supermarkets remains on target to achieve its goal of expanding to 150 units by the end of 2024.
To view Metal Supermarkets in the full ranking visit: www.entrepreneur.com/franchise500. Results can also be found in the January/February 2023 issue of Entrepreneur, available on newsstands January 17.
About Metal Supermarkets
Metal Supermarkets, the world’s largest supplier of small-quantity metals, has over 115 brick-and-mortar stores across the United States, Canada and the United Kingdom with 5 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.
To learn more about Metal Supermarkets, visit https://www.metalsupermarkets.com
For more information about franchising with Metal Supermarkets, visit https://metalsupermarketsfranchise.com/.
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