Pet Evolution Franchise Cost, Revenue & Review 2026
- Investment
- $804K – $1.2M
- Disclosed sales
- partial, no system average
- SBA charge-off
- 0.0%
- on 16 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Pet Evolution is a pet franchise offering dog grooming, self-serve wash, and natural pet food and supplies. Franchisees run the stores, managing groomers, wash bays, and retail.
FranchiseVerdict summary · 2026
A Pet Evolution franchise requires a total initial investment of $804K – $1.2M, including a $59K franchise fee and an ongoing 7.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. SBA 7(a) loans show a 0.0% charge-off rate across 16 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $804K – $1.2M
- 87th pct Pet Services
- Avg gross sales
- N/A
- Incl. company outlets
- Royalty
- 7.0%
- 49th pct Pet Services
- Units
- 19
- 50th pct Pet Services
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Pet Services · color = vs category peers
Green = favorable by >10% vs Pet Services median · 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 $804K – $1.2M including a $59K franchise fee, 7.0% ongoing royalty.
- RETURNSItem 19 prints gross revenue store by store for 11 stores (8 franchised, 3 predecessor- or affiliate-owned) for the 12 months ended March 31, 2025 and no average or median; the high is a predecessor-owned store (the highest franchised store: $1,193,681).
- RISKVerdict B (Above average), verdict score 51/100 (higher is better). SBA loan charge-off rate of 0.0% across 16 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +8 franchised outlets in the latest year (2 opened, 1 closed) (Item 20).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Pet Evolution Franchising LLC
- Predecessor
- Pet Evolution, LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Rian Thiele
- CEO experience
- 2021 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 330 Mill Bay South Suite 2101A, Afton, Minnesota 55001
- Auditor
- CliftonLarsonAllen LLP
- Audited financials
- Franchisor revenue
- $1.3M
- vs $679K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- of ours
- Fetchin Brands
- Cloud Evo
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Rian Thiele
- Headquarters
- MN
- Founded
- 2021
- FDD year
- 2025
- States available
- 14
Can you afford it, and what does the money buy?
Entry cost runs 210% above the typical pet services franchise.
Source: FDD 2025 · Items 5–7
published investment is a single Pet Evolution pet supply store. The franchisor also offers a regional-development grant under a separate FDD (Pet_Evolution_Regional_Development_NASAA_430271.pdf, 2025): fee $78,000-$650,000, estimated initial investment $142,500-$896,000; that offering is not priced on this page. The same filing also prices: Amount Low - High (1,400 square feet) [Compact Footprint] $595,300-$895,000.
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (Note 2) | $59K | $59K | |
| Vehicle (Note 3) | $0 | $79K | |
| Real Estate and Improvements (Note 4) | $405K | $645K | |
| Architectural Services (Note 5) | $12K | $19K | |
| Furniture, Fixtures and Equipment (Note 6) | $121K | $138K | |
| Initial Inventory (Note 7) | $40K | $55K | |
| Initial Supplies (Note 8) | $2K | $3K | |
| Travel and Living Expenses While Training (Note 9) | $2K | $4K | |
| Grand Opening Advertising (Note 10) | $25K | $25K | |
| Technology and Security Expenses (Note 11) | $16K | $22K | |
| Insurance (Note 12) | $4K | $5K | |
| Signage (Note 13) | $10K | $21K | |
| Interior/Exterior Window Signage | $4K | $14K | |
| Professional Fees | $4K | $8K | |
| Additional Funds and Working Capital for First 3 Months (Note 14) | $103K | $131K | |
| Total initial investment | $804K | $1.2M |
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
- $804K – $1.2M
- Bottom third — review vs category
- Liquid capital req'd
- $103K – $131K
- Bottom third — review vs category
- Franchise fee
- $59K – $59K
- Bottom third — review vs category
- Royalty
- 7.0%
- typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 1.5% |
| Technology fee | $750 |
| Training fee | $750 |
| Renewal fee | $2K |
| Inventory (initial) | $40K – $55K |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for Pet Evolution is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Pet Evolution unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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 19 prints gross revenue store by store for 11 stores (8 franchised, 3 predecessor- or affiliate-owned) for the 12 months ended March 31, 2025 and no average or median; the high is a predecessor-owned store (the highest franchised store: $1,193,681).
Includes company-owned outlets
- Item 19 type
- Per-store historic gross revenue, 12 months ended March 31, 2025, for the 11 stores open the full period (8 franchised, 2 predecessor-owned, 1 affiliate-owned); 10 newer stores excluded
- Sample size
- 11 outlets
- vs category median 12
- Range (low → high)
- $583K→$2.8MCited, not corroborated — printed on page 39 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2025
- The FDD edition these figures were read from
Compared against 69 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
7.0% royalty + 1.5% ad fund.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System expanding at 69.2% CAGR over 3 years across 19 units — operators are staying and new ones are joining.
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 medians
How Pet Evolution Compares
Category median of published Pet Services brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 19
- Opened
- 2
- Last reporting year
- Closed
- 1
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 4.5%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +69.2%
- Net unit change over 3 years
- 3-yr CAGR
- +69.2%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Projected new
- 6
- Franchisor's next-year forecast
- Ceased ops
- 4.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 14 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.
14
states with franchisees (per FDD Item 12)
Where the owners are · Item 20 owner list
2 current owners across 2 states.
- CA 1
- DC 1
Counts only, from the list the franchisor prints in Item 20; 1 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
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.
- Total loans
- 16
- Loan volume
- $10.7M
- Median loan
- $718K
- 50th percentile
- Charge-off rate
- 0.0%
- on 16 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 9
- Defaults
- 0
- Typical loan rate
- 9.6%
- avg rate to borrowers
- vs industry
- 0.0%
- brand is above its industry ↑
- Jobs supported
- 334
- 3.1 per loan
- Lender concentration
- 31%
- top lender's share
Borrower mix: 88% went to startups / new businesses, 12% to established operators
Top lenders financing Pet Evolution franchisees
Showing 3 of 9 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Pet Evolution from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 70%
- Avg interest rate
- 9.61%
- Lender concentration
- 31.3%
- Job velocity
- 3.1 per $100K
- NAICS benchmark
- 0.0%
- NAICS 459910
- Jobs supported
- 334
Top SBA lendersTop lender holds 31% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 5 | $2.7M | N/A |
| 2 | Old National Bank | 3 | $2.3M | 0.0% |
| 3 | Cadence Bank | 2 | $1.7M | N/A |
| 4 | Quaint Oak Bank | 1 | $634K | N/A |
| 5 | First Internet Bank of Indiana | 1 | $936K | N/A |
| 6 | Valliance Bank | 1 | $500K | N/A |
| 7 | Hanover Community Bank | 1 | $645K | N/A |
| 8 | Intracoastal Bank | 1 | $737K | N/A |
| 9 | Midwest Regional Bank | 1 | $651K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| MNMinnesota | 4 | 0 | 0.0% |
| TXTexas | 3 | 0 | -- |
| CACalifornia | 2 | 0 | -- |
| FLFlorida | 2 | 0 | -- |
| VAVirginia | 2 | 0 | -- |
| WAWashington | 2 | 0 | -- |
| COColorado | 1 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
With a 0.0% charge-off rate across 16 loans, banks have historically viewed this brand favorably for lending.
What could kill this investment?
SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Pet Evolution presents high investment risk due to active fraud litigation, undisclosed financial metrics, stagnant unit growth, territorial vulnerability, and potential franchisor financial distress.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
One pending case is disclosed: AGDG Investments LLC and Fufu & Tommy LLC v. Pet Evolution Franchising, LLC, Peter Carlson, Fred Macciocchi and Rian Thiele (Superior Court of California, Orange County, Case No. 30-2024-01437355-CU-BC-CJC), in which former franchisees allege misrepresentations in the sale of a unit and a regional development franchise under the California Franchise Investment Law plus fraud, breach of contract and unfair competition, seeking unspecified damages and rescission. The defendants deny the allegations and on May 13, 2025 filed a demurrer arguing the plaintiffs sued before mediating as their agreements require.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Pet Evolution Franchising LLC (the franchisor itself), fiscal year ended December 31, 2024, audited by CliftonLarsonAllen LLP (balance sheets 2024, 2023 and 2022 with statements of operations, changes in members' deficit and cash flows; 2022 restated for a revenue-recognition error); unaudited statements for the two months ended February 28, 2025 are also attached.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- 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 51 / 100 verdict
- 01HIGHActive litigation alleging fraud, misrepresentation of sales/earnings, and violations of California Franchise Investment Law — indicates potential systemic disclosure failures
- 02MINORMinimal unit growth (4.8% YoY on only 22 units) suggests weak franchisee recruitment, retention, or system health
- 03MINORUnprotected territory exposes franchisees to cannibalization and competition from other franchisees and company-owned locations
- 04MINORUnknown royalty structure — unable to calculate true net margins; high upside fees could erode profitability
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.5% 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 | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory sizeℹ | an area surrounding the Store of 2.5 miles (generally) |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Arbitration location | Mediation in a metropolitan area with population of at least 250,000 not located within 200 miles of the Store or franchisor's principal office; litigation in Hennepin County, Minnesota. |
| Jury trial waiver | No |
| Governing law | MN |
| Litigation count | 1 |
View Item 3 litigation summary
One pending case is disclosed: AGDG Investments LLC and Fufu & Tommy LLC v. Pet Evolution Franchising, LLC, Peter Carlson, Fred Macciocchi and Rian Thiele (Superior Court of California, Orange County, Case No. 30-2024-01437355-CU-BC-CJC), in which former franchisees allege misrepresentations in the sale of a unit and a regional development franchise under the California Franchise Investment Law plus fraud, breach of contract and unfair competition, seeking unspecified damages and rescission. The defendants deny the allegations and on May 13, 2025 filed a demurrer arguing the plaintiffs sued before mediating as their agreements require.
Items 10, 11
Training & Operations
- Classroom training
- 28 hrs
- On-the-job training
- 4 hrs
- Training location
- Minnesota (a location the franchisor specifies)
- Ongoing training
- Required
- Field support
- 0 hrs/yr
- On-site visits per year
- Time to open
- 1 mo
- From signing to launch
- Site selection
- franchisor
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Pet Evolution franchise?
The total investment to open a Pet Evolution franchise ranges from $804K – $1.2M, with an initial franchise fee of $59K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Pet Evolution franchise owners earn?
Item 19 of the Pet Evolution FDD discloses outlet figures from $583K to $2.8M but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Pet Evolution?
Pet Evolution is franchised by Pet Evolution Franchising LLC. The FDD names no parent company. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Pet Evolution 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 Pet Evolution FDD and qualifies whose outlets they describe.
What is Pet Evolution's franchise failure rate?
Based on SBA 7(a) loan data, Pet Evolution has a charge-off rate of 0.0% across 16 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Pet Evolution franchise locations are there?
As of their most recent FDD filing, Pet Evolution has 19 total units in the United States, including 16 franchised units and 3 company-owned units. 2 new units were opened in the latest reporting year.
Is Pet Evolution a good franchise to buy?
FranchiseVerdict rates Pet Evolution as a B-grade franchise with a verdict score of 51 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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
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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.