FranchiseVerdict
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FV-00817·MODERATEExcellent81

DVMmatch

Personal Services - Pet CareFranchising since 2021Website
Investment
$78K – $129K
27th pct Pet Care
Avg revenue
62nd pct Pet Care
Royalty
Units
4
27th pct Pet Care
SBA default

Bottom line

  • Total investment $78K – $129K including a $65K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 60/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
DVMMATCH, LLC
Incorporated in
Indiana
HQ
9333 N. Meridian Street, Suite 250, Indianapolis, Indiana 46260
Auditor
Pile CPAs
Audited financials
Franchisor revenue
$159K
vs $89K prior year
⚠ Going-concern note
Disclosed in FDD 2024
Status as of 2024; may have been resolved in a later filing we don't yet have.

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 DVMmatch unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $78K–$129K
Working capital
$
FDD reports $5K–$10K

Unlevered ROIC · per unit

108%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$111K
Payback
11 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

DVMmatch appears to be a veterinary staffing/recruitment platform connecting veterinarians or veterinary practices with employment or service opportunities. Franchisees likely manage regional marketing, client acquisition, and placement coordination within their protected territory to generate commission-based revenue.

CEO
Thad Miller
Founded
2020
FDD year
2024
States available
3

Item 7 · what it costs

The Vitals

Total investment
$78K – $129K
All-in to open one unit
Liquid capital
$5K – $10K
Cash you must have on hand
Franchise fee
$65K
Royalty
$850 per month plus 9% of Gross Sales
Ad fund
$400
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+33.3%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2022
4+1
Franchised units
2023
3
Franchised units
2024
1
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

60
Risk · 0-100
MODERATE60 / 100

Pre-revenue transparency and micro-scale unit count create substantial uncertainty about unit economics and franchisee profitability.

Score breakdown · what drove the 60 / 100 rating

  1. 01MINORNo Item 19 financial disclosure (average unit revenue and net income not provided) — impossible to validate ROI on $77.5k-$129k investment
  2. 02MEDOnly 4 operating units with 33.3% YoY growth suggests extremely early-stage system with limited operational track record and data reliability
  3. 03MEDCombined monthly fixed costs ($850 royalty + overhead) create high breakeven threshold relative to undisclosed average revenue
  4. 04MINORHigh franchise fee ($65k of $77.5k minimum investment = 84%) leaves minimal working capital for marketing and operations
  5. 05MINOR9% 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

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
County boundaries
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Indiana

Item 11

Training & Operations

Classroom training
12 hrs
On-the-job training
0 hrs

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

15 numbers

Locked
(651) 539-••••
MN
(317) 232-••••
IN
(217) 782-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

DVMmatch · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above