Bottom line
- Total investment $143K – $896K including a $13K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 66/100. SBA loan default rate of 0.0% across 36 loans (below the industry average).
- System growing at 69.2% CAGR over 3 years with 22 total units — strong expansion trajectory.
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 Evolution unit return on the cash you put in?
Unlevered ROIC · per unit
17%
Below typical band (30–60%)
Overview
About
Pet Evolution franchisees operate pet retail/services locations offering grooming, boarding, training, retail products, or veterinary-adjacent services. Day-to-day operations involve managing staff, customer scheduling, inventory, compliance with health/safety codes, and marketing locally to drive foot traffic and recurring revenue.
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 · 29 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 Evolution presents high investment risk due to active fraud litigation, undisclosed financial metrics, stagnant unit growth, territorial vulnerability, and potential franchisor financial distress.
Score breakdown · what drove the 66 / 100 rating
- 01HIGHActive litigation alleging fraud, misrepresentation of sales/earnings, and violations of California Franchise Investment Law — indicates potential systemic disclosure failures
- 02MEDNo Item 19 (Financial Performance Representations) disclosed — unable to verify claimed profitability or validate investment ROI
- 03MINORMinimal unit growth (4.8% YoY on only 22 units) suggests weak franchisee recruitment, retention, or system health
- 04MINORWide investment range ($142.5K–$896K) with no corresponding revenue/profit disclosure creates opacity around actual unit economics
- 05MINORUnprotected territory exposes franchisees to cannibalization and competition from other franchisees and company-owned locations
- 06MINORUnknown royalty structure — unable to calculate true net margins; high upside fees could erode profitability
- 07HIGHGoing Concern = False — potential financial instability at franchisor level raises questions about support, technology, and brand viability
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
31 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Pet Evolution · FDD (2025) PDF