Camp Bow Wow Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Camp Bow Wow is a pet-services franchise providing dog daycare, overnight boarding, and grooming with supervised play. Franchisees run a facility managing staff, animal care, client billing, and local marketing.
FranchiseVerdict summary · 2026
A Camp Bow Wow franchise requires a total initial investment of $1.2M – $2.0M, including a $50K franchise fee and an ongoing 7.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.1M[2]. SBA 7(a) loans show a 3.7% charge-off rate across 195 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $1.2M – $2.0M
- 93rd pct Pet Services
- Avg gross sales
- $1.1M
- 40th pct Pet Services
- Royalty
- 7.0%
- 45th pct Pet Services
- Units
- 226
- 90th pct Pet Services
- SBA charge-off
- 3.7%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Pet Services · color = vs category peers
Green = favorable by >10% vs Pet Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $1.2M – $2.0M including a $50K franchise fee, 7.0% ongoing royalty.
- RETURNSAverage unit revenue of $1.1M/year (median $988K).
- RISKVerdict A (Strongest tier), verdict score 76/100 (higher is better). SBA loan charge-off rate of 3.7% across 195 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- FLAGBankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Camp Bow Wow Franchising, Inc.
- Parent company
- Propelled Brands Franchising, LLC
- Ultimate parent
- Propelled Brands Holdings, Inc.
- Predecessor
- D.O.G. Development LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Catherine Monson
- Incorporated in
- Delaware
- HQ
- 7577 West 103rd Avenue, Unit 209, Westminster, Colorado 80021
- Auditor
- BDO USA, P.C.
- Audited financials
- Franchisor revenue
- $98.2M
- vs $72.4M prior year
Overview
About
- CEO
- Catherine Monson
- Headquarters
- Colorado
- Founded
- 2003
- FDD year
- 2025
- States available
- 40
Can you afford it, and what does the money buy?
Entry cost runs 132% above the typical pet services franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $80K | $80K |
| Equipment, build-out, other | $1.1M | $1.9M |
| Total initial investment | $1.2M | $2.0M |
Source: Camp Bow Wow 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.2M – $2.0M
- Bottom third — review vs category
- Liquid capital req'd
- $80K – $80K
- Bottom third — review vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- 7.0%
- tiered · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $250 |
| Transfer fee | $15K |
| Renewal fee | $25K |
| Inventory (initial) | $71K – $114K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales run 48% above the pet services norm.
Source: FDD 2025 · Item 19
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
$158K
15.0% margin
Unlevered ROIC
9%
EBITDA / total invested capital
Payback
10.8 yrs
cash-on-cash, unlevered
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit. The target band for an attractive franchise is 30–60% ROIC. Below that and a passive index fund likely outperforms; above that and the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses. It's the top line only. Operating costs below are category estimates. Override them to match your real lease quote, labor market, and build-out budget.
Returns model · single-unit ROIC
What would one Camp Bow Wow unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
9%
Below the 30–60% attractive-franchise band
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Levered LBO scenario · Yale Crease Capital framing
What would 25 Camp Bow Wow units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.7M
on $8.4M purchase
Total debt
$6.8M
SBA $4.2M + senior + seller note
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $988K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- historical earnings (Gross Sales, COGS, Labor, Rent & Facilities, Other Operating Expenses, EBITDA, Owner's Compensation, Total Franchise Owner's Benefit)
- Sample size
- 197 outlets
- vs category median 12 · large
- Range (low → high)
- $371K→$2.5M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 8 / 10
- vs category median 4 / 10 · above
Compared against 68 Pet Services brands
Revenue is only 0.6x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $1.1M/year in gross sales. Revenue-to-investment ratio: 0.6x.
Fee burden
Total ongoing fee load of 8.0% (near the Pet Services average).
Disclosure
Transparency score 8/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Pet Services averages
How Camp Bow Wow Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 226
- Opened
- 13
- Last reporting year
- Closed
- 0
- Terminated
- 3
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.4%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 1
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 3
- Reacquired (3yr)
- 0
- Franchisor bought back
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 20 · 9 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 195
- Loan volume
- $155.5M
- Median loan
- $534K
- 50th percentile
- Charge-off rate
- 3.7%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 96.3%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 64
- Defaults
- 4
- Typical loan rate
- 6.3%
- avg rate to borrowers
- Franchised industry avg
- 10.4%
- brand beats franchise avg ↓
- Jobs supported
- 3,357
- 2.2 per loan
- Lender concentration
- 14%
- top lender's share
Borrower mix: 66% went to startups / new businesses, 34% to established operators
Franchise vs independent — in pet care (except veterinary) services, franchised businesses charge off at 10.4% vs 11.3% for independents — franchising is associated with 8% lower SBA default risk in this category.
Vintage analysis
Camp Bow Wow charge-off rate by loan vintage
Top lenders financing Camp Bow Wow franchisees
Showing 3 of 64 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Camp Bow Wow's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 23-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
What could kill this investment?
SBA loans charge off at 3.7% — 77% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Camp Bow Wow presents moderate-to-cautionary risk with slowing unit growth, litigation history, and high capital requirements relative to typical franchisee profitability, warranting deep validation with existing operators.
Litigation (Item 3)
D.O.G. Development, LLC v. See More Paws, Inc. and Diane LaFemina (AAA arbitration, settled 2018, $12,000 paid to franchisor); Lincolnshire Police Pension Fund v. Taylor (Delaware Chancery shareholder derivative suit against parent's affiliate Floor & Decor director, settled 2024 for $8,000,000, franchisor not a party).
Largest disclosed settlement: $8,000,000
Bankruptcy (Item 4)
Disclosed in last 7 years
TGI Friday's Inc. (former employer of General Counsel Jennifer Rote) filed Chapter 11 bankruptcy November 2, 2024; case pending. Not a franchisor or affiliate bankruptcy.
Audited financials (Item 21)
Yes · BDO USA, P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 76 / 100 verdict
- 01HIGHLitigation history: Franchisor has pursued enforcement actions against franchisees post-termination and shareholder derivative suit indicates governance issues at parent company level
- 02MINORModest unit growth (6.5% YoY) on 216-unit system suggests maturation or market saturation; growth rate declining relative to pet care industry expansion
- 03MINORNet income of $175,047 on $1,039,331 revenue equals 16.8% net margin—healthy but leaves minimal buffer given high investment ($1M+) and variable royalty structure (7% or minimum monthly royalty, whichever is greater)
- 04MINORHigh initial investment relative to annual net income (5.9x payback period) with 10-year term creates extended break-even risk
- 05MINORAbsence of Item 19 financial performance claim in FDD limits ability to validate franchisor's average revenue/income figures independently
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory sizeℹ | Site Selection Area / Authorized Territory defined by demographics; no minimum guaranteed size |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 23 |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | Yes |
| Arbitration location | Dallas, Texas |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 2 |
View Item 3 litigation summary
D.O.G. Development, LLC v. See More Paws, Inc. and Diane LaFemina (AAA arbitration, settled 2018, $12,000 paid to franchisor); Lincolnshire Police Pension Fund v. Taylor (Delaware Chancery shareholder derivative suit against parent's affiliate Floor & Decor director, settled 2024 for $8,000,000, franchisor not a party).
Items 10, 11
Training & Operations
- Classroom training
- 48 hrs
- On-the-job training
- 32 hrs
- Training location
- Westminster, Colorado (headquarters and corporate camp), plus online/webinar components
- Ongoing training
- Required
- Time to open
- 18 mo
- From signing to launch
- Site selection
- Franchisee, with franchisor approval and required use of designated Real Estate Broker
- Franchisor financing
- Offered
- Item 10
- POS system
- Gingr Pet-Care software (transitioning from Data Dawg)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Gingr Pet-Care software (transitioning from Data Dawg)
Item 20 · call current owners
Franchisee Contacts
13 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Camp Bow Wow · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Camp Bow Wow franchise?
The total investment to open a Camp Bow Wow franchise ranges from $1.2M – $2.0M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Camp Bow Wow franchise owners earn?
According to Item 19 of the Camp Bow Wow FDD, the average gross sales per unit is $1.1M. The median is $988K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Item 19 in the Camp Bow Wow FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Camp Bow Wow FDD and qualifies whose outlets they describe.
What is Camp Bow Wow's franchise failure rate?
Based on SBA 7(a) loan data, Camp Bow Wow has a charge-off rate of 3.7% across 195 loans, meaning 3.7% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Camp Bow Wow franchise locations are there?
As of their most recent FDD filing, Camp Bow Wow has 226 total units in the United States, including 225 franchised units and 1 company-owned units. 13 new units were opened in the latest reporting year.
Is Camp Bow Wow a good franchise to buy?
FranchiseVerdict rates Camp Bow Wow as a A-grade franchise with a verdict score of 76 out of 100 (higher is better), 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
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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.