Pirtek advances in magazine’s global franchise ranking

Rocklegde, Florida-based Pirtek has been ranked No. 42 in Entrepreneur Magazine’s latest Top 200 Global Franchises list. The new ranking puts Pirtek in the top 50, a gain of 23 places from last year’s ranking among franchising companies around the world, the company says. 

Every year in its Franchise 500 list, Entrepreneur Magazine assesses the top franchises in terms of international size and growth, costs and fees, franchise support, stability and other factors. It then publishes the list of its top 200 companies. 

A provider of hydraulic and industrial hose replacement sales and services, Pirtek says it has a strong base in the U.S. but is more widely known for its global presence, with locations in 23 countries. The company began in Australia and branched out to the United Kingdom, then around the globe.

“Getting into the top 50 on Entrepreneur’s global ranking is a tremendous milestone for Pirtek,” Glenn Duncan, CEO of Pirtek, says. “All this progress is indicative of the great people who make up Pirtek worldwide, especially our long-term franchise owners who have been so successful and who continue to expand their businesses into new markets. At the same time, I want to recognize the new owners who bring fresh enthusiasm and talent to Pirtek. We have so many outstanding people in our organization.”

During the past year, Pirtek has expanded the reach of its U.S. franchise locations, because, in part, to the new mobile only option now available to franchisees, the company says. Under the Tier 2 plan, an owner can keep inventory in a storage facility and operate the business with two or three mobile service vehicles only. In three years, Pirtek will require that the Tier 2 locations become Tier 1 locations with service and supply centers. One of the main benefits of the Tier 2 option is that it allows franchisees to become Pirtek owners at a lower point of entry, the company says. 

“Our existing Pirtek owners have taken advantage of the Tier 2 option, expanding geographically without having to set up a brick-and-mortar location right away,” Duncan says. “This expansion has taken place in U.S. metro areas, greatly benefiting the Pirtek organization in the process. It’s been an important building block in our success.” 

Pirtek says it is building a new 10-acre headquarters in Rockledge, Florida. According to the company, the two-story facility will contain 120,000 square feet of warehouse space and 20,000 square feet of office space. As Pirtek USA continues to expand, the international company says it plans to move its global headquarters to the Rockledge facility.

During the past year, Entrepreneur Magazine has also ranked Pirtek No. 33 on its list of the most veteran friendly franchising companies. The publication recognized Pirtek USA for sponsoring causes that help U.S. military veterans and for offering veterans a $5,000 to $15,000 discount on franchise fees.