HomewardVetFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A HomewardVet franchise requires a total initial investment of $33K – $107K, including a $10K franchise fee and an ongoing 20.0% royalty[2]. Per the 2025 FDD, average unit revenue was $298K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $33K – $107K
- 5th pct Pet Services
- Avg gross sales
- $298K
- 11th pct Pet Services
- Royalty
- 20.0%
- 66th pct Pet Services
- Units
- 0
- 0th pct Pet Services
- SBA default
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = >15% above Pet Services 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
Each dollar invested generates 4.2x in gross revenue, well above the typical 1.5-2.5x range.
Started franchising in 2025. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $33K – $107K including a $10K franchise fee, 20.0% ongoing royalty.
- Average unit revenue of $298K/year.
- Verdict A (Top Quintile) with a risk score of 40/100.
- Revenue data based on only 0 reporting units. Treat as directional, not definitive. Ask franchisees directly for current unit economics.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- HomewardVet, LLC
- Incorporated in
- DE
- HQ
- 120 South Main Street, Suite C, Davidson, NC 28036
- Auditor
- Omar Alnuaimi, CPA
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
HomewardVet appears to be a mobile or in-home veterinary services franchise, likely involving franchisees providing house-call veterinary care, preventative services, or end-of-life pet care to residential clients. Franchisees would manage client scheduling, service delivery, compliance with state veterinary regulations, and business operations within a protected territory.
- CEO
- David Hoe
- Headquarters
- NC
- Founded
- 2025
- FDD year
- 2025
- States available
- 0
FDD Item 7 · 2025 filing · 16 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.
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
$9K
3.0% margin
Unlevered ROIC
11%
EBITDA / total invested capital
Payback
9.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $33K – $107K
- Better than avg vs category
- Liquid capital req'd
- $0 – $20K
- Better than avg vs category
- Franchise fee
- $10K – $28K
- Better than avg vs category
- Royalty
- 20.0%
- Gross Sales · 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 |
| Total fee load | 20.0% of rev |
At 20.0% total fee load, roughly $60K per year goes to the franchisor before you pay a single operating expense.
Financial Performance
- Avg gross sales
- $298K
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- Financial projections
- Sample size
- 0 units
- vs category median 12 · small
- Transparency
- 5 / 5
- vs category median 4 / 5 · above
Compared against 75 Pet Services brands
Revenue is 4.2x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Pet Services averages
How HomewardVet Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Company-owned
- 0
- Corporate units in the system
- Multi-unit owners
- 1.0%
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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.
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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 · Omar Alnuaimi, CPA
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 40 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Zip codes |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | No |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| 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
- On-site and corporate
- Ongoing training
- Required
- POS system
- PIMS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: PIMS
Item 20 · call current owners
Franchisee Contacts
16 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?
According to Item 19 of the HomewardVet FDD, the average gross sales per unit is $298K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 A-grade franchise with a risk score of 40 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.