PIRTEK USA, the leader in fluid transfer solutions, is the 65th most highly rated franchise in the world, according to a recent ranking by Entrepreneur magazine.
Year after year, PIRTEK has been advancing steadily up the Entrepreneur rankings. In January, the publication announced that PIRTEK had moved up 64 places to the No. 173 spot in its Franchise 500 list. In only two years, the company has soared 249 places.
The newly announced rank of 65 is part of Entrepreneur’s most recent Global 200 list. To arrive at the global ranking, the publication takes the Franchise 500 companies and factors in international size and growth, costs and fees, franchise support, stability and other variables.
“We’ve been ascending the rankings very quickly, thanks to the commitment and success of the business owners and team members,” said Glenn Duncan, executive director of PIRTEK International. “It speaks well of our business model, and our efforts to open franchises that receive excellent training and corporate support. The new ranking also reflects the strong growth mode we’ve been in for the past year, which we plan to continue.”
One of the initiatives responsible for PIRTEK’s recent growth is its Tier 2 franchise model, a mobile-only option. Under Tier 2, a franchisee can lease two vehicles and keep the inventory in a storage facility or warehouse. This allows the owner to start up a PIRTEK location at a much lower point of entry. Tier 2 owners typically grow their franchises to Tier 1 Service Center locations within three years.
The only franchise of its kind in the United States, PIRTEK provides hydraulic and industrial hose replacement sales and services. There are 70 PIRTEK franchises and a fleet of Mobile Service Vehicles throughout the United States. Globally, PIRTEK has more than 400 locations and 2,000 Mobile Service Vehicles in 23 countries.