Pirtek USA, a global on-site and retail hydraulic and industrial hose service provider, was recognized as #107 on the 44th Entrepreneur’s Franchise 500 and was ranked by Franchise Business Review as one of the Top 200 Franchises.
In 2022, Pirtek USA signed 13 new franchise agreements, 12 resale agreements, and opened 13 locations. In addition, the franchisor’s 2022 expansion milestones included a 26 percent increase in system-wide sales and an 11 percent increase in units open. Pirtek USA prides itself on its ability to fill customers’ needs quickly and efficiently, having the widest variety of unique products and parts to keep essential projects up and running. Its quick turnaround time is also credited to the 24/7 on-site hydraulic and industrial hose replacements, enabling customers to be up-and-running again quickly.
“This recognition proves that Pirtek USA continues to dominate the service industry as a recession-resistant franchise business offering hydraulic and industrial hose services to the engineering, construction, manufacturing, oil and gas, and agriculture segments,” said Nick Ridgway. “We have seen tremendous growth over the past year and look forward to continuing down that path this year as we open new units and territories throughout North America.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula also continues to evolve. 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.
Since 2006 Franchise Business Review has strived each year to provide data and insights to franchisors, franchisees, and prospective investors to help them improve their businesses and make decisions. The Top Franchise Award is available to any franchise in North America with 10+ units that wish to participate. All the franchisees at the participating brands are contacted to complete a survey anonymously. The responses are analyzed to determine a Franchise Satisfaction Index for each franchise brand, which is used to create a benchmark for franchisee satisfaction to determine individual brands’ rankings among the other brands. The brands that exceed the franchisee satisfaction benchmark are then awarded the Top Franchise Award.
Pirtek onboards potential franchisees who put customer service at the forefront of their mission, and it welcomes driven individuals from any and all industries, regardless of technical experience. An initial investment for PIRTEK ranges from $201,400 – $869,300. Franchisees can expect access to ongoing training and support as well as exclusive territories.
The only industrial franchise brand of its kind in the United States, Pirtek USA specializes in hydraulic and industrial hose services through its locations throughout the country. PIRTEK team members are available 24/7/365 to provide on-site emergency replacement of hydraulic and industrial hoses, thanks to the company’s specially equipped Mobile Service Vehicles.