Mobile Veterinary Specialists Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Mobile Veterinary Specialists is a pet care franchise providing veterinary services from house-call vehicles that travel to clients. Franchisees run mobile operations, managing veterinarians, scheduling, and in-home patient care.
FranchiseVerdict summary · 2026
A Mobile Veterinary Specialists franchise requires a total initial investment of $144K – $234K, including a $10K franchise fee and an ongoing 20.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $144K – $234K
- 40th pct Pet Services
- Avg gross sales
- N/A
- Company-owned onlyProjection
- Royalty
- 20.0%
- 82nd pct Pet Services
- Units
- 32
- 61st 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 $144K – $234K including a $10K franchise fee, 20.0% ongoing royalty.
- RETURNSUNAUDITED statements. Page p041 explicitly states "THESE FINANCIAL STATEMENTS HAVE BEEN PREPARED WITHOUT AN AUDIT... NO INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES" — so there is no auditor_name. Entity is "Moves Managed Services, Inc." (the FDD franchisor for the Mobile Veterinary Specialists program), cash-basis Balance Sheet as of April 30, 2025. Total Assets = $3,863,599.92 (p050). The page range provided (p041-p054, statement pages 1/16-13/16) contains only the Balance Sheet and ends mid-liabilities: it shows "Total Current Liabilities = $740,715.54" (p054) but NOT a full Total Liabilities, NOT the equity/net worth section, and NO income statement. Therefore total_liabilities, net_worth, net_income, and all revenue figures are not shown in the provided pages and are left null. Figures are in whole US dollars, no scaling.
- RISKVerdict B (Above average), verdict score 51/100 (higher is better).
- DATAItem 19 reports EBITDA/Net Cash Flow projections by specialty and percentile 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
- Moves Managed Services Inc.
- Predecessor
- and Affiliates
- Prior franchisor entity
- CEO title
- Chief Executive Officer and Co-Founder
- David Hoe
- Incorporated in
- DE
- HQ
- 120 South Main Street, Suite C, Davidson, NC 28036
- Auditor
- GreerWalker LLP
- Audited financials
- Franchisor revenue
- $19.0M
- Most recent fiscal year
Affiliated brands
- of Moves Managed Services
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- David Hoe
- Headquarters
- NC
- Founded
- 2018
- FDD year
- 2025
- States available
- 18
Can you afford it, and what does the money buy?
Entry cost runs 73% below the typical pet services franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $10K | $10K |
| Working capital (3–6 mo) | $50K | $50K |
| Equipment, build-out, other | $84K | $174K |
| Total initial investment | $144K | $234K |
Source: Mobile Veterinary Specialists 2025 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
- $144K – $234K
- Middle of category vs category
- Liquid capital req'd
- $50K – $50K
- Bottom third — review vs category
- Franchise fee
- $10K – $10K
- Top 40% of category vs category
- Royalty
- 20.0%
- percentage · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 20.0% of gross sales |
| Technology fee | $2K |
| Transfer fee | $2K |
| Renewal fee | $10K |
| 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
Mobile Veterinary Specialists 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 Mobile Veterinary Specialists unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
0%
Negative returns. Costs exceed revenue at these inputs
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
UNAUDITED statements. Page p041 explicitly states "THESE FINANCIAL STATEMENTS HAVE BEEN PREPARED WITHOUT AN AUDIT... NO INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES" — so there is no auditor_name. Entity is "Moves Managed Services, Inc." (the FDD franchisor for the Mobile Veterinary Specialists program), cash-basis Balance Sheet as of April 30, 2025. Total Assets = $3,863,599.92 (p050). The page range provided (p041-p054, statement pages 1/16-13/16) contains only the Balance Sheet and ends mid-liabilities: it shows "Total Current Liabilities = $740,715.54" (p054) but NOT a full Total Liabilities, NOT the equity/net worth section, and NO income statement. Therefore total_liabilities, net_worth, net_income, and all revenue figures are not shown in the provided pages and are left null. Figures are in whole US dollars, no scaling.
Company-owned outlets only - not franchisee performance
A projection, not actual reported performance
- Item 19 type
- EBITDA/Net Cash Flow projections by specialty and percentile
- Sample size
- 32
- vs category median 12 · large
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 2 / 10
- vs category median 4 / 10 · below
Compared against 68 Pet Services brands
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 EBITDA/Net Cash Flow projections by specialty and percentile rather than annual gross sales, so unit revenue is not directly comparable.
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 Mobile Veterinary Specialists Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 32
- 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)
- Turnover rate
- 3.1%
- Company-owned
- 32
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
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
- Projected new
- 2
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 18 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
18
states with franchisees (per FDD Item 12)
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
This franchise presents elevated risk due to missing financial disclosures, questionable franchisor financial health, high royalty burden, and a small, opaque unit base with unclear growth trajectory.
Litigation (Item 3)
No litigation required to be disclosed in Item 3.
Largest disclosed settlement: $10,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · GreerWalker 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: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 51 / 100 verdict
- 01MEDNo Item 19 financial disclosure (average revenue and net income not disclosed) — unable to validate ROI claims
- 02HIGHGoing Concern status is FALSE — suggests corporate instability or financial distress at franchisor level
- 03MINORHigh royalty rate of 20% on gross sales significantly impacts net profitability and cash flow
- 04MINOROnly 32 franchised units with unknown growth trajectory — small, potentially stagnant system raises scalability concerns
- 05MINORWide investment range ($143,800–$234,350) indicates inconsistent startup cost modeling or hidden variables
- 06MINORMinimal franchise fee ($10,000) relative to total investment suggests franchisor relies heavily on ongoing royalties rather than sustainable model
- 07MEDNo disclosed litigation does not eliminate past disputes or current arbitration claims
- 08MINORProtected territory provided but unclear how defined or enforced in mobile veterinary model with geographic overlap risk
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 | 10 years |
|---|---|
| Renewal term | 5 years |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| 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 | Yes |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Arbitration location | Mecklenburg County, North Carolina |
| Jury trial waiver | No |
| Governing law | NC |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 8 hrs
- On-the-job training
- 0 hrs
- Training location
- Davidson, NC
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- Site selection
- Franchisor assists; franchisee proposes territory/clinics within 30 days of signing
- Franchisor financing
- Not offered
- Item 10
- POS system
- Moves application software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Moves application software
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mobile Veterinary Specialists franchise?
The total investment to open a Mobile Veterinary Specialists franchise ranges from $144K – $234K, 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 Mobile Veterinary Specialists franchise owners earn?
Mobile Veterinary Specialists 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 Mobile Veterinary Specialists 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 Mobile Veterinary Specialists FDD and qualifies whose outlets they describe.
What is Mobile Veterinary Specialists's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mobile Veterinary Specialists (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 Mobile Veterinary Specialists franchise locations are there?
As of their most recent FDD filing, Mobile Veterinary Specialists has 32 total units in the United States, including 0 franchised units and 32 company-owned units.
Is Mobile Veterinary Specialists a good franchise to buy?
FranchiseVerdict rates Mobile Veterinary Specialists as a B-grade franchise with a verdict score of 51 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.