DVMmatch Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
DVMmatch is a veterinary practice brokerage franchise that helps veterinarians buy, sell, and value hospitals and place associates. Franchisees work as brokers, managing listings, valuations, and deals for fees.
FranchiseVerdict summary · 2026
A DVMmatch franchise requires a total initial investment of $88K – $139K, including a $75K – $115K franchise fee and an ongoing 9.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $88K – $139K
- 25th pct Pet Services
- Avg gross sales
- N/A
- Royalty
- 9.0%
- 73rd pct Pet Services
- Units
- 18
- 46th pct Pet Services
- SBA charge-off
- N/A
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 $88K – $139K including a $75K franchise fee, 9.0% ongoing royalty.
- RETURNSFigures from the AUDITED financial statements of DVMMATCH, LLC (the franchisor) for the year ended December 31, 2023, audited by Pile CPAs (Indianapolis, IN), report dated March 28, 2024. Statements presented in whole US dollars (no scaling). Total revenue $89,450 = Franchise fees $60,000 + Royalties $29,450 (Commissions $0); other_revenue = Royalties $29,450. Net loss $(104,790). Balance sheet reconciles: total liabilities $132,955 + member equity/accumulated deficit $(59,645) = total assets $73,310. Only one fiscal year (2023) is presented in the audited statements, so prior-year revenue is null. Note: the exhibit also contains UNAUDITED internal QuickBooks statements (Balance Sheet as of Nov 30, 2024 and Jan-Nov 2024 P&L) which were NOT used.
- RISKVerdict A (Strongest tier), verdict score 60/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- DVMMATCH, LLC
- CEO title
- Founder and President
- Thad Miller
- Incorporated in
- IN
- HQ
- 9333 N. Meridian Street, Suite 250, Indianapolis, IN 46260
- Auditor
- Pile CPAs
- Audited financials
- Franchisor revenue
- $89K
- vs $89K prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- company
- DDSmatch Franchise
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Thad Miller
- Headquarters
- IN
- Founded
- 2020
- FDD year
- 2024
- States available
- 3
Can you afford it, and what does the money buy?
Entry cost runs 84% below the typical pet services franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown7 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $65K | $105K | |
| Travel and Living Expenses While Training | $3K | $5K | |
| Business License & Permit | $250 | $1K | |
| Computer Equipment | $1K | $2K | |
| Insurance | $750 | $1K | |
| Legal and Professional Fees | $3K | $5K | |
| Additional Funds - 3 Months After Opening | $5K | $10K | |
| Total initial investment | $78K | $129K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $88K – $139K
- Top 40% of category vs category
- Liquid capital req'd
- $5K – $10K
- Top 40% of category vs category
- Franchise fee
- $75K – $115K
- Bottom third — review vs category
- Royalty
- 9.0%
- Gross sales, plus a $900 monthly Continuing Royalty · typical 6–8%
- Ad fund
- Marketing Fund contribution of $400 per month (flat fee, …
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 9.0% of gross sales |
| Technology fee | $150 |
| Transfer fee | $20K |
| Renewal fee | $20K |
| Total fee load | 9.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
DVMmatch did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one DVMmatch unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
68%
Above the 30–60% band. Verify revenue is per-unit average
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: 2024 FDD
Financial Performance
Figures from the AUDITED financial statements of DVMMATCH, LLC (the franchisor) for the year ended December 31, 2023, audited by Pile CPAs (Indianapolis, IN), report dated March 28, 2024. Statements presented in whole US dollars (no scaling). Total revenue $89,450 = Franchise fees $60,000 + Royalties $29,450 (Commissions $0); other_revenue = Royalties $29,450. Net loss $(104,790). Balance sheet reconciles: total liabilities $132,955 + member equity/accumulated deficit $(59,645) = total assets $73,310. Only one fiscal year (2023) is presented in the audited statements, so prior-year revenue is null. Note: the exhibit also contains UNAUDITED internal QuickBooks statements (Balance Sheet as of Nov 30, 2024 and Jan-Nov 2024 P&L) which were NOT used.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 9.0% (near the Pet Services average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
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 DVMmatch Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 18
- Opened
- 1
- 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
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 12 · 3 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.
3
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Pre-revenue transparency and micro-scale unit count create substantial uncertainty about unit economics and franchisee profitability.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $129,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Pile CPAs
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 60 / 100 verdict
- 01MEDOnly 4 operating units with 33.3% YoY growth suggests extremely early-stage system with limited operational track record and data reliability
- 02MEDCombined monthly fixed costs ($850 royalty + overhead) create high breakeven threshold relative to undisclosed average revenue
- 03MINORHigh franchise fee ($65k of $77.5k minimum investment = 84%) leaves minimal working capital for marketing and operations
- 04MINOR9% gross sales royalty on top of $850 monthly creates dual revenue drain that compounds profitability pressure
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory sizeℹ | counties agreed to by the parties |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 30 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Indianapolis, Indiana |
| Jury trial waiver | Yes |
| Governing law | Indiana |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 12 hrs
- On-the-job training
- 0 hrs
- Training location
- Indianapolis, Indiana (mandatory in-person portion) and remote
- Ongoing training
- Required
- Time to open
- 1 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
DVMmatch · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a DVMmatch franchise?
The total investment to open a DVMmatch franchise ranges from $88K – $139K, with an initial franchise fee of $75K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do DVMmatch franchise owners earn?
DVMmatch does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the DVMmatch 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 DVMmatch FDD and qualifies whose outlets they describe.
What is DVMmatch's franchise failure rate?
SBA 7(a) loan charge-off data is not available for DVMmatch (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 DVMmatch franchise locations are there?
As of their most recent FDD filing, DVMmatch has 18 total units in the United States, including 18 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is DVMmatch a good franchise to buy?
FranchiseVerdict rates DVMmatch as a A-grade franchise with a verdict score of 60 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
Are you the franchisor?
If you represent DVMmatch, you can request corrections or provide updated information.
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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.