easyvetFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A easyvet franchise requires a total initial investment of $183K – $770K, including a $45K franchise fee and an ongoing 7.5% royalty[2]. Per the 2022 FDD, average unit revenue was $627K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2022 FDD issuance
Overview
- Investment
- $183K – $770K
- 40th pct Healthcare
- Avg gross sales
- $627K
- 18th pct Healthcare
- Royalty
- 7.5%
- 43rd pct Healthcare
- Units
- 14
- 34th pct Healthcare
- SBA default
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 12 to 5 over 3 years. Investigate why operators are leaving.
87% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $183K – $770K including a $45K franchise fee, 7.5% ongoing royalty.
- Average unit revenue of $627K/year (median $553K), with an estimated 87% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 25/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- easyvet Holdings, Inc.
- Ultimate parent
- None
- 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
- $233K
- vs $676K prior year
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).
- CEO
- Tim Schoenfelder
- Headquarters
- TN
- Founded
- 2018
- FDD year
- 2022
- States available
- 6
FDD Item 7 · 2022 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $30K | $175K |
| Equipment, build-out, other | $108K | $550K |
| Total initial investment | $183K | $770K |
Source: easyvet 2022 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$91K
14.5% margin
Unlevered ROIC
16%
EBITDA / total invested capital
Payback
6.4 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $183K – $770K
- Better than avg vs category
- Liquid capital req'd
- $30K – $175K
- Near category avg vs category
- Franchise fee
- $10K – $45K
- Better than avg vs category
- Royalty
- 7.5%
- Gross Sales · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 7.5%
- vs 9–13% typical
- Payback period
- 1.1 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.5% of gross sales |
| Technology fee | $9K |
| Transfer fee | $11K |
| Renewal fee | $5K |
| Total fee load | 7.5% of rev |
Financial Performance
- Avg gross sales
- $627K
- Per unit, per year
- Median gross sales
- $553K
- Avg p&l bottom line
- $416K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 87.3%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Monthly Average (Calculated to Annual)
- Sample size
- 6 units
- vs category median 12
- Range (low → high)
- $210K→$1.3M
- Cohort dispersion (min → max)
- Quartile band
- $444K→$951K
- Bottom 25% → top 25%
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 201 Healthcare brands
vs Healthcare averages
How easyvet Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 14
- Opened
- 7
- 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
- 2
- Corporate units in the system
- % franchised
- 86%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +71.4%
- Net unit change last year
- 3-yr CAGR
- +140.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 1
- Projected new
- 17
- 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 · 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 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.
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.
- Total loans
- 32
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
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.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
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 25 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| 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 |
| Mandatory arbitration | Yes |
| Arbitration location | Knoxville, Tennessee |
| Jury trial waiver | Yes |
| Governing law | Tennessee |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 52 hrs
- On-the-job training
- 40 hrs
- Training location
- On-site and corporate
- Time to open
- 12 mo
- From signing to launch
- POS system
- Rhapsody
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Rhapsody
Item 20 · call current owners
Franchisee Contacts
63 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
easyvet · FDD (2022) PDF
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 – $770K, 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?
According to Item 19 of the easyvet FDD, the average gross sales per unit is $627K. The median is $553K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 14 total units in the United States, including 12 franchised units and 2 company-owned units. 7 new units were opened in the latest reporting year.
Is easyvet a good franchise to buy?
FranchiseVerdict rates easyvet as a A-grade franchise with a risk score of 25 out of 100, 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.
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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.