easyvet Franchise Cost, Revenue & Review 2026
- Investment
- $183K – $513K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
easyVet is a veterinary franchise offering affordable, membership-based companion animal care with wellness exams and vaccinations. Franchisees run the clinics, managing veterinarians, appointments, and services.
FranchiseVerdict summary · 2026
A easyvet franchise requires a total initial investment of $183K – $513K, including a $10K – $45K franchise fee and an ongoing 7.5% royalty[2]. The 2022 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 4 headline figures on this page cite a page of the filing.
Overview
- Investment
- $183K – $513K
- 39th pct Healthcare
- Avg gross sales
- N/A
- Royalty
- 7.5%
- 52nd pct Healthcare
- Units
- 13
- 34th pct Healthcare
- SBA charge-off
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare median · 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 $183K – $513K including a $45K franchise fee, 7.5% ongoing royalty.
- RETURNSItem 19 reports gross sales and margin rather than annual gross sales, so unit revenue is not directly comparable.
- RISKVerdict C (Average), verdict score 41/100 (higher is better).
- GROWTHNegative, pipeline stalled: 34 agreements signed but not yet open against 13 open outlets (Item 20).
- DATAItem 19 reports gross sales and margin rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- easyvet Holdings, Inc.
- Predecessor
- easyvetclinic Franchise LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer and Director
- Tim Schoenfelder
- CEO experience
- 2018 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 601 Reliability Circle, Knoxville, TN 37932
- Auditor
- CliftonLarsonAllen LLP
- Audited financials
- Franchisor revenue
- $676K
- vs $233K prior year
Overview
About
- CEO
- Tim Schoenfelder
- Headquarters
- TN
- Founded
- 2018
- FDD year
- 2022
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 8% above the typical healthcare franchise.
Source: FDD 2022 · Items 5–7
FDD Item 7 · 2022 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $30K | $65K |
| Equipment, build-out, other | $108K | $403K |
| Total initial investment | $183K | $513K |
Source: easyvet 2022 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
- $183K – $513K
- Top 40% of category vs category
- Liquid capital req'd
- $30K – $65K
- Middle of category vs category
- Franchise fee
- $10K – $45K
- Top 40% of category vs category
- Royalty
- 7.5%
- Tiered by sales volume · typical 6–8%
- Ad fund
- No Advertising Fund; franchisor has no obligation to adve…
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.5% of gross sales |
| Technology fee | $175 |
| Transfer fee | $11K |
| Renewal fee | $5K |
| Inventory (initial) | $10K – $15K |
| Total fee load | 7.5% of rev |
What do units actually make?
Source: FDD 2022 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for easyvet is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one easyvet unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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: 2022 FDD
Financial Performance
Item 19 reports gross sales and margin rather than annual gross sales, so unit revenue is not directly comparable. We omit it from rankings.
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 7.5% (near the Healthcare median).
Disclosure
Item 19 reports gross sales and margin rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
System expanding at 120.0% CAGR over 3 years across 13 units — operators are staying and new ones are joining.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
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 Healthcare medians
How easyvet Compares
Category median of published Healthcare brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2022 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 13
- Opened
- 6
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 15.4%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 85%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- +120.0%
- Net unit change over 3 years
- 3-yr CAGR
- +120.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 1
- Reacquired
- 2
- Franchisor bought back
- Signed, not yet open
- 34
- 2.62 per open outlet · Item 20 Table 5
- Projected new
- 19
- Franchisor's next-year forecast
- Transfer rate
- 7.1%
- Owners selling to other franchisees
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 5 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.
Where the owners are · Item 20 owner list
15 current owners across 5 states.
- NC 6
- TX 5
- FL 2
- GA 1
- TN 1
Counts only, from the list the franchisor prints in Item 20; 28 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
Early-stage veterinary franchise with unverified financial claims, extreme investment variance, and corporate financial concerns masking potentially healthy unit economics.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY2021 audited Total Revenue of $675,591 comprised of Royalties $333,386, Clinic Service Fees $95,844, Advertising Fee Income $71,065, Other Revenue $64,011, Franchise Fees $74,010, and Technology Fee Income $37,275. Net loss attributable to controlling interest was $(3,117,137); company reports a total stockholders' deficit. Years ended Dec 31, 2021/2020/2019 audited.
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 41 / 100 verdict
- 01MEDOnly 14 units with 71.4% YoY growth indicates very early-stage system (likely added only ~5 units) — limited operational track record
- 02HIGHGoing Concern footnote suggests financial instability at corporate level despite franchisee-level profitability claims
- 03MINORWide gap between avg revenue ($627K) and avg net income ($415K implies 66% net margin) is unusually high and warrants scrutiny
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2022 · 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 | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| 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 | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Knoxville, Tennessee |
| Jury trial waiver | Yes |
| Governing law | TN |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 52 hrs
- On-the-job training
- 40 hrs
- Training location
- Online/easyvet clinic specified by franchisor/franchisee's clinic
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- franchisor approval required
- Franchisor financing
- Not offered
- Item 10
- POS system
- Rhapsody
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Rhapsody
Item 20 · call current owners
Franchisee Contacts
43 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a easyvet franchise?
The total investment to open a easyvet franchise ranges from $183K – $513K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do easyvet franchise owners earn?
Item 19 of the easyvet FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns easyvet?
easyvet is franchised by easyvet Holdings, Inc.. Source: FDD Item 1, 2022 filing.
What is Item 19 in the easyvet 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 easyvet FDD and qualifies whose outlets they describe.
What is easyvet's franchise failure rate?
SBA 7(a) loan charge-off data is not available for easyvet (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 easyvet franchise locations are there?
As of their most recent FDD filing, easyvet has 13 total units in the United States, including 11 franchised units and 2 company-owned units. 6 new units were opened in the latest reporting year.
Is easyvet a good franchise to buy?
FranchiseVerdict rates easyvet as a C-grade franchise with a verdict score of 41 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.