easyvet Franchise Cost, Revenue & Review 2026
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]. Per the 2022 FDD, average unit revenue was $627K[2]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2022 FDD issuance
Overview
- Investment
- $183K – $513K
- 39th pct Healthcare
- Avg gross sales
- $627K
- 16th pct Healthcare
- Royalty
- 7.5%
- 41st pct Healthcare
- Units
- 13
- 32nd pct Healthcare
- SBA charge-off
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare 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
- Total investment $183K – $513K including a $10K franchise fee, 7.5% ongoing royalty.
- Average unit revenue of $627K/year (median $553K). Estimated payback in 1.1 years (based on P&L Bottom Line).
- Verdict C (Average), verdict score 44/100 (higher is better).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- easyvet Holdings, Inc.
- Ultimate parent
- None
- 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 15% below 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 | $10K | $10K |
| Working capital (3–6 mo) | $30K | $65K |
| Equipment, build-out, other | $143K | $438K |
| 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 · typical 6–8%
- Ad fund
- No Advertising Fund; franchisor has no obligation to adve…
- 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 | $175 |
| Transfer fee | $11K |
| Renewal fee | $5K |
| Inventory (initial) | $10K – $15K |
| Total fee load | 7.5% of rev |
What do units actually make?
Average unit sales run 53% below the healthcare norm.
Source: FDD 2022 · Item 19
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
23%
EBITDA / total invested capital
Payback
4.3 yrs
cash-on-cash, unlevered
Financial Performance
- Avg gross sales
- $627K
- Per unit, per year
- Median gross sales
- $553K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross_sales_and_margin
- Sample size
- 6 units
- vs category median 16 · small
- Range (low → high)
- $210K→$1.3M
- Cohort dispersion (min → max)
- Quartile band
- $37K→$79K
- Bottom 25% → top 25%
- Reporting year
- 2021
- Fiscal year the figures cover
- Transparency
- 9 / 10
- vs category median 3 / 10 · above
Compared against 180 Healthcare brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $627K/year in gross sales. Revenue-to-investment ratio: 1.8x.
Fee burden
Total ongoing fee load of 7.5% (near the Healthcare average).
Disclosure
Transparency score 9/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
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 averages
How easyvet Compares
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
- 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
- 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
3-year detail · Item 20
- Opened (3yr)
- 6
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 2
- Franchisor bought back
- 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.
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)
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)
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 44 / 100 verdict
- 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
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 |
| 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 |
| 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
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 – $513K, with an initial franchise fee of $10K. 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 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 44 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?
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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.