Dogtopia
Formerly known as Better Together Home Care
Bottom line
- Total investment $543K – $1.4M including a $50K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $932K/year (median $905K).
- Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 271 loans (below the industry average).
- System growing at 27.6% CAGR over 3 years with 263 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 Dogtopia unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Dogtopia 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
$6.7M
SBA $4.2M + senior + seller note
Overview
About
Dogtopia franchisees operate pet daycare and boarding facilities providing supervised care, play, and socialization for dogs. Day-to-day operations involve managing staff schedules, overseeing animal care protocols, handling client intake and billing, maintaining facilities, and marketing to local pet owners. Revenue is generated through daycare packages, boarding fees, grooming services, and ancillary offerings.
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 · 20 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
Dogtopia presents moderate-to-cautionary risk: opaque unit economics, active litigation, and modest growth in a high-investment model warrant deep validation before committing $500K–$1.4M.
Score breakdown · what drove the 46 / 100 rating
- 01MEDNo Item 19 (Average Net Income) disclosed — impossible to validate ROI claims or unit economics
- 02HIGHActive litigation involving area developer (breach of contract) and former VP (incentive plan dispute) suggests operational and governance issues
- 03MINORModest unit growth of 8.3% YoY in a pet services category with strong consumer tailwinds indicates slower expansion than competitors
- 04MINORHigh initial investment range ($543K–$1.4M) with 7% royalties creates significant leverage risk without transparent profitability data
- 05HIGHGoing Concern disclosure is FALSE but absence of Item 19 raises questions about financial transparency and whether system is underperforming
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
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Dogtopia · FDD (2025) PDF