HomewardVet Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
HomewardVet is a veterinary franchise providing in-home house-call vet care, wellness services, and end-of-life care. Franchisees run mobile operations, managing veterinarians, appointments, and visits.
FranchiseVerdict summary · 2026
A HomewardVet franchise requires a total initial investment of $33K – $107K, including a $10K – $28K franchise fee and an ongoing 20.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $33K – $107K
- 6th pct Pet Services
- Avg gross sales
- N/A
- Projection0 outlets
- Royalty
- 20.0%
- 82nd pct Pet Services
- Units
- 0
- 0th pct Pet Services
- SBA charge-off
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = favorable by >10% vs Pet Services 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
- COSTTotal investment $33K – $107K including a $10K franchise fee, 20.0% ongoing royalty.
- RETURNSItem 21: New franchisor (formed March 2025). Only an audited opening balance sheet as of April 30, 2025 (Exhibit A) is provided; no income statement or revenue. The audited statements exhibit is image-based and not present in the extracted text, so no figures or auditor name could be read.
- RISKVerdict C (Average), verdict score 45/100 (higher is better).
- DATAItem 19 reports projection 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
- HomewardVet, LLC
- CEO title
- Chief Executive Officer and Founder
- David Hoe
- Incorporated in
- DE
- HQ
- 120 South Main Street, Suite C, Davidson, NC 28036
- Auditor
- Naper CPA Group
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
- CEO
- David Hoe
- Headquarters
- NC
- Founded
- 2025
- FDD year
- 2025
- States available
- 0
Can you afford it, and what does the money buy?
Entry cost runs 90% below the typical pet services franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Franchise Feenot refundable | $10K | $10K | |
| HomewardVet Vehicle (Down Payment and first 3 months of lease payments) | $0 | $16K | |
| Fuel (3 months) | $300 | $600 | |
| Initial Startup Equipment | $13K | $21K | |
| Initial Startup Inventory | $7K | $12K | |
| Veterinary Technician or Veterinary Assistant Fees (3 months)not refundable | $0 | $18K | |
| Technology Fees (3 months)not refundable | $2K | $2K | |
| Professional Fees (lawyer, accountant, etc.) | $0 | $3K | |
| Computer System | $800 | $2K | |
| Phone System | $150 | $150 | |
| Uniforms | $200 | $350 | |
| Insurance (monthly premium) | $200 | $400 | |
| DEA License | $0 | $888 | |
| State and local business licenses, permits, filing fees, etc. | $500 | $1K | |
| Travel and Lodging Expenses while Training | $0 | $2K | |
| Additional Funds - 3 months | $0 | $20K | |
| Total initial investment | $33K | $107K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $33K – $107K
- Top 40% of category vs category
- Liquid capital req'd
- $0 – $20K
- Top 40% of category vs category
- Franchise fee
- $10K – $28K
- Top 40% of category vs category
- Royalty
- 20.0%
- percentage · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 20.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $2K |
| Renewal fee | $13K |
| Inventory (initial) | $7K – $12K |
| Total fee load | 20.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
HomewardVet did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one HomewardVet unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
28%
Below the 30–60% attractive-franchise band
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: 2025 FDD
Financial Performance
Item 21: New franchisor (formed March 2025). Only an audited opening balance sheet as of April 30, 2025 (Exhibit A) is provided; no income statement or revenue. The audited statements exhibit is image-based and not present in the extracted text, so no figures or auditor name could be read.
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 20.0% — above the Pet Services average of 9.3%.
Disclosure
Item 19 reports projection rather than annual gross sales, so unit revenue is not directly comparable.
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 Pet Services averages
How HomewardVet Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Company-owned
- 0
- Corporate units in the system
- Multi-unit owners
- 1.0%
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
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
HomewardVet presents extreme risk: zero operating units, unverified profitability claims, going concern status, and a 20% royalty rate that severely constrains franchisee margins in an undisclosed revenue model.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Naper CPA Group
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 45 / 100 verdict
- 01HIGHGoing Concern status is FALSE — indicates potential financial instability or corporate viability issues
- 02MEDZero operating units disclosed — impossible to validate claims or assess system viability; red flag for brand credibility
- 03MINOR20% royalty rate is extremely high — consumes significant margin and reduces franchisee profitability
- 04MINORAverage Net Income of $130,150 is unverified (no Item 19 disclosure) — claims lack FTC-compliant substantiation
- 05MEDNo disclosed average revenue — cannot calculate actual ROI or validate the $130k net income claim
- 06MINORUnknown unit growth trajectory — no historical data to assess franchise system health or sustainability
- 07MINORFranchise fee ($10k) appears artificially low relative to startup costs ($32.6k–$107k) — suggests fee misalignment
- 08MINOR5-year term is short and creates renewal/renegotiation risk — common in struggling franchise systems
- 09MINORProtected territory may be too narrow or poorly defined — insufficient detail raises implementation concerns
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 20.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 100,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | No |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Mecklenburg County, North Carolina |
| Jury trial waiver | Yes |
| Governing law | NC |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 8 hrs
- On-the-job training
- 0 hrs
- Training location
- Davidson, NC or virtual
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- POS system
- PIMS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: PIMS
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
HomewardVet · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a HomewardVet franchise?
The total investment to open a HomewardVet franchise ranges from $33K – $107K, 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 HomewardVet franchise owners earn?
HomewardVet does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the HomewardVet 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 HomewardVet FDD and qualifies whose outlets they describe.
What is HomewardVet's franchise failure rate?
SBA 7(a) loan charge-off data is not available for HomewardVet (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.
Is HomewardVet a good franchise to buy?
FranchiseVerdict rates HomewardVet as a C-grade franchise with a verdict score of 45 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?
If you represent HomewardVet, you can request corrections or provide updated information.
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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.