Metal Supermarkets Records 9th Consecutive Year of Sales Growth
World’s Largest Supplier of Small-Quantity Metals Reaches 116 Stores While Looking Ahead to Further 2023 Growth
TORONTO, Ont. – Metal Supermarkets, the world’s largest supplier of small-quantity metals, celebrated an exceptional year of accomplishments, comprising of record sales increases, new store openings, an impressive 87% Net Promoter Score and the addition of pivotal new support roles.
Compared to calendar 2021, Metal Supermarkets achieved a remarkable 22.5% sales increase, yet again breaking the prior year’s record network revenue. This marks the 9th consecutive year that Metal Supermarkets has boasted record sales results. Same-store sales were up 16.1%, while the new and ever improving e-commerce platform led to online sales increasing by 86.8%. In addition, the brand expanded its global presence with 9 new stores across the United States and United Kingdom for a total of 116 stores internationally. Metal Supermarkets will start 2023 off strong, with over 10 stores currently in its development pipeline.
“2022 further proved Metal Supermarkets’ strong business model and highlighted the dedication of our franchisees in providing the highest-quality customer service,” said Stephen Schober, President and CEO of Metal Supermarkets. “We continue to see incredible performances from our franchisees and their teams, and we are proud of how well they serve businesses and consumers in their local markets.”
In addition to this year’s exceptional sales growth, Metal Supermarkets also added several leaders to its executive team. Deborah Potter was brought on as the brand’s new Chief Growth Officer to oversee and implement marketing, e-commerce, pricing, supply chain and procurement strategies to support franchisee profitability and sales growth. Paul O’Regan joined the team as its Director of Learning and Development to help advance the skills of franchisees and their staff. O’Regan is tasked with advancing franchisee and store staff training to grow business sales, while also overseeing new store openings. Finally, two business consultants were also brought on board to provide additional one-on-one support, guidance and business coaching to franchisees to help the maximize their capabilities.
2022 also marked the introduction of Metal Supermarkets’ first annual Trade School Scholarship, awarding scholarships to individuals pursuing a career in the skilled trades by attending a post-secondary trade school. Launched in an effort to combat the shortage of skilled trade workers, and in tandem with National Welding Month in April, the scholarship promotes trade school attendance and will become an annual event for the brand moving forward.
Occupying a stable and important niche in the $250 billion plus metal distribution industry, Metal Supermarkets is targeting new US franchise development throughout the Northeast, the Midwest, Texas and the Southwest. An essential and niche 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.
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 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.
For additional information about Metal Supermarkets, visit https://www.metalsupermarkets.com.
For additional information about the Metal Supermarkets franchise opportunity, visit https://metalsupermarketsfranchise.com/.Back