Central Bark
Formerly known as Big V Feeds
Bottom line
- Total investment $569K – $1.4M including a $55K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $826K/year (median $770K). Estimated payback in 7.9 years.
- Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 83 loans (below the industry average).
- System growing at 17.1% CAGR over 3 years with 41 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Central Bark unit return on the cash you put in?
Unlevered ROIC · per unit
12%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Central Bark units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.3M
on $6.6M purchase
Total debt
$5.3M
SBA $3.3M + senior + seller note
Overview
About
Central Bark franchisees operate pet daycare and boarding facilities, providing supervised socialization, play, training, and overnight lodging for dogs. Daily operations include animal care staff management, facility maintenance, client scheduling, and pet health/safety protocols. Revenue comes from daycare services, boarding, training classes, and ancillary pet products.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Moderate-to-cautious investment with undisclosed financial performance data, slow unit growth, high capital requirements relative to modest returns, and ambiguous franchisor financial status.
Score breakdown · what drove the 44 / 100 rating
- 01MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if $825,930 avg revenue is achievable or representative
- 02MINORSlow unit growth of 7.9% YoY suggests market saturation or franchisee satisfaction concerns in a pet services sector with strong demand
- 03MINORHigh initial investment range ($569K-$1.39M) paired with modest average net income ($124,384 = 15% net margin) creates 4.6-year payback window
- 04HIGHGoing Concern flag is FALSE — unusual disclosure that raises questions about franchisor financial stability or recent restructuring
- 05MINOR6% royalty on $825,930 avg revenue = $49,556/year to franchisor, yet many successful pet franchises operate at lower royalty rates
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
49 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Central Bark · FDD (2025) PDF