Bubbly PawsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Bubbly Paws franchise requires a total initial investment of $197K – $371K, including a $45K franchise fee and an ongoing 0.0% royalty[2]. Per the 2023 FDD, average unit revenue was $437K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $197K – $371K
- 50th pct Pet Services
- Avg gross sales
- $437K
- 22nd pct Pet Services
- Royalty
- 0.0%
- 0th pct Pet Services
- Units
- 5
- 26th pct Pet Services
- SBA default
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = >15% above Pet Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
20% cash-on-cash return (based on P&L Bottom Line). Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $197K – $371K including a $45K franchise fee, 0.0% ongoing royalty.
- Average unit revenue of $437K/year, with an estimated 20% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 43/100.
- Revenue data based on only 2 reporting units. Treat as directional, not definitive. Ask franchisees directly for current unit economics.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Bubbly Paws Franchising, LLC
- Ultimate parent
- Bubbly Paws LLC (BP)
- CEO title
- Chief Executive Officer
- Keith Miller
- CEO experience
- 14 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- MN
- HQ
- 4737 Chicago Ave., Minneapolis, Minnesota 55407
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
Bubbly Paws appears to be a pet wellness or grooming franchise where franchisees operate retail/service locations serving pet owners. Day-to-day operations likely involve customer service, pet handling, inventory management, and staff supervision, with revenue averaging $436,620 annually.
- CEO
- Keith Miller
- Headquarters
- MN
- Founded
- 2021
- FDD year
- 2023
- States available
- 2
FDD Item 7 · 2023 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $15K | $25K |
| Equipment, build-out, other | $138K | $301K |
| Total initial investment | $197K | $371K |
Source: Bubbly Paws 2023 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$96K
22.0% margin
Unlevered ROIC
32%
EBITDA / total invested capital
Payback
3.2 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $197K – $371K
- Near category avg vs category
- Liquid capital req'd
- $15K – $25K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- 0.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 1.0%
- vs 9–13% typical
- Payback period
- 5.0 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 0.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $22K |
| Renewal fee | $3K |
| Total fee load | 1.0% of rev |
A 1.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $437K
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $57K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 20.2%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Historic Affiliate Performance
- Sample size
- 2 units
- vs category median 12 · small
- Range (low → high)
- $312K→$562K
- Cohort dispersion (min → max)
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 75 Pet Services brands
vs Pet Services averages
How Bubbly Paws Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 11
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
2
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $520K
- Median loan
- $260K
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Bubbly Paws's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Small, financially unstable franchisor with limited system validation, thin margins, and going concern issues present meaningful investment risk despite protected territory.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 43 / 100 rating
- 01HIGHGoing Concern status is False — indicates financial instability or viability questions at franchisor level
- 02MINOROnly 5 units system-wide with unknown growth trajectory — suggests stagnant or contracting franchise system
- 03MEDNo Item 19 financial performance representations disclosed — cannot validate if $436,620 average revenue is achievable or typical
- 04MINORNet profit margin of only 13.1% ($57,344 on $436,620) is thin and may not support $197k-$371k initial investment ROI within reasonable timeframe
- 05MINOREscalating royalty structure (0% → 3% → 6%) could squeeze profitability in years 2-3 when cash flow is critical
- 06MINORMinimal franchise system size (5 units) creates higher franchisor dependency risk and reduced purchasing power/support infrastructure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | non_exclusive |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 24 hrs
- Training location
- On-site and corporate
- Time to open
- 12 mo
- From signing to launch
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
2 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bubbly Paws · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bubbly Paws franchise?
The total investment to open a Bubbly Paws franchise ranges from $197K – $371K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bubbly Paws franchise owners earn?
According to Item 19 of the Bubbly Paws FDD, the average gross sales per unit is $437K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Bubbly Paws's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bubbly Paws (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Bubbly Paws franchise locations are there?
As of their most recent FDD filing, Bubbly Paws has 5 total units in the United States, including 0 franchised units and 5 company-owned units.
Is Bubbly Paws a good franchise to buy?
FranchiseVerdict rates Bubbly Paws as a A-grade franchise with a risk score of 43 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Bubbly Paws, you can request corrections or provide updated information.
Claim this brandOther Pet Services franchises
Compare similar franchise opportunities in the Pet Services category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.