Pet Depot
Bottom line
- Total investment $178K – $914K including a $45K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 67/100. SBA loan default rate of 0.0% across 17 loans (below the industry average).
- System contracting at -6.9% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one PET DEPOT unit return on the cash you put in?
Unlevered ROIC · per unit
23%
Below typical band (30–60%)
Overview
About
Pet Depot franchisees operate retail pet supply stores, managing inventory of food, toys, grooming supplies, and pet care products. Day-to-day operations include customer service, staff management, merchandising, and potentially ancillary services like basic grooming or pet training classes. Franchisees must maintain brand standards and comply with franchisor purchasing requirements while remitting 5% of gross sales as royalties.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Pet Depot exhibits high-risk characteristics: a contracting 29-unit system with zero financial transparency, unprotected territories, unclear going concern status, and a highly variable investment structure that obscures true costs and profitability.
Score breakdown · what drove the 67 / 100 rating
- 01MINORDeclining unit count (-3.6% YoY) indicates system contraction and potential market saturation or franchisee dissatisfaction
- 02MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) prevents accurate ROI modeling and suggests franchisor may be hiding poor unit economics
- 03MINORWide investment range ($177.5K–$913.5K) with no clarity on what drives 5x variance, indicating inconsistent site costs or hidden expenses
- 04MINORUnprotected territory creates direct competition risk; multiple franchisees in same area will cannibalize sales and reduce individual unit profitability
- 05HIGHGoing Concern status = False is ambiguous (should be True for healthy franchisor); potential financial instability of parent company threatens franchisee support
- 06MED5% royalty on undisclosed gross sales creates blind spot; unable to verify if 5% is competitive or if franchisees are actually profitable at that rate
- 07MED29 total units is extremely small system with limited brand recognition, economies of scale, or supply chain negotiating power
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
49 numbers
One-time purchase · CSV download · Validation questions included
FDD download
PET DEPOT · FDD (2022) PDF