Bottom line
- Total investment $34K – $770K including a $45K franchise fee, 7.5% ongoing royalty.
- Average unit revenue of $627K/year (median $553K). Estimated payback in 1.0 years.
- Rated STRONG with a risk score of 46/100. SBA loan default rate of 0.0% across 32 loans (below the industry average).
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 easyvet unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 easyvet units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $7.8M purchase
Total debt
$6.3M
SBA $3.9M + senior + seller note
Overview
About
easyvet franchisees operate veterinary clinics delivering companion animal healthcare services including wellness exams, vaccinations, diagnostics, and minor procedures. Day-to-day operations involve managing veterinary staff, scheduling patient appointments, maintaining medical compliance, and handling client relations in a clinic setting with varying capital models (standard clinic, Plus, or VOS mobile/virtual configurations).
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 · 27 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
Early-stage veterinary franchise with unverified financial claims, extreme investment variance, and corporate financial concerns masking potentially healthy unit economics.
Score breakdown · what drove the 46 / 100 rating
- 01MEDNo Item 19 financial performance representations disclosed — claimed $627K avg revenue and $415K net income cannot be independently verified
- 02MINORExtremely wide investment range ($34K-$769K, 22.6x spread) suggests inconsistent unit economics and unclear capital requirements
- 03MEDOnly 14 units with 71.4% YoY growth indicates very early-stage system (likely added only ~5 units) — limited operational track record
- 04MINORHigh royalty rate (7.5% standard) on modest average revenue ($627K) creates 4.7% net royalty burden before franchisor overhead
- 05HIGHGoing Concern footnote suggests financial instability at corporate level despite franchisee-level profitability claims
- 06MINORWide 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
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
63 numbers
One-time purchase · CSV download · Validation questions included
FDD download
easyvet · FDD (2022) PDF