Pet EvolutionFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Pet Evolution franchise requires a total initial investment of $143K – $896K, including a $78K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 0.0% charge-off rate across 16 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $143K – $896K
- 36th pct Pet Services
- Avg gross sales
- N/A
- 61st pct Pet Services
- Royalty
- N/A
- Units
- 22
- 49th pct Pet Services
- SBA default
- 0.0%
- system-wide median varies by category
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
Only 0.0% of 16 SBA loans charged off, well below the 16% franchise average.
Franchised units fell from 22 to 13 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $143K – $896K including a $78K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 46/100. SBA loan charge-off rate of 0.0% across 16 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- 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
- Legal entity
- Pet Evolution Franchising LLC
- Ultimate parent
- None
- Predecessor
- of ours
- 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
- $679K
- vs $1.3M 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
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.
- CEO
- Rian Thiele
- Headquarters
- MN
- Founded
- 2021
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing · 9 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Feenot refundable | $78K | $650K | |
| Vehiclenot refundable | $0 | $60K | |
| Real Estate and Improvementsnot refundable | $0 | $10K | |
| Equipment and Initial Suppliesnot refundable | $2K | $5K | |
| Travel and Living Expenses While Trainingnot refundable | $0 | $500 | |
| Professional Feesnot refundable | $5K | $10K | |
| Franchise Development Marketingnot refundable | $6K | $8K | |
| Insurancenot refundable | $2K | $3K | |
| Additional Funds and Working Capital for First 3 Monthsnot refundable | $50K | $150K | |
| Total initial investment | $143K | $896K |
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
- $143K – $896K
- Better than avg vs category
- Liquid capital req'd
- $50K – $150K
- Below avg, review vs category
- Franchise fee
- $78K – $650K
- Below avg, review vs category
- Royalty
- -n/d
- Ad fund
- -n/d
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $750 |
| Training fee | $750 |
| Transfer fee | $25K |
| Renewal fee | $2K |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Pet Services averages
How Pet Evolution Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 2
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 4.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +4.8%
- Net unit change last year
- 3-yr CAGR
- +69.2%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Transfers (3yr)
- 0
- Projected new
- 3
- 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 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 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.
Available to sell in · Item 12
- Michigan
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
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%
- 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
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Pet Evolution's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 9 lenders with concentration factor
- Per-state charge-off rates across 7 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 16 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
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.
Litigation (Item 3)
One pending case filed by former franchisees AGDG Investments LLC and Fufu & Tommy LLC against Pet Evolution Franchising, LLC and officers (Peter Carlson, Fred Macciocchi, Rian Thiele) in Orange County Superior Court (Case No. 30-2024-01437355-CU-BC-CJC). First Amended Complaint filed March 26, 2025. Allegations include misrepresentations and omissions regarding sales volume, earnings, required investments, and other business aspects in violation of California Franchise Investment Law and common law fraud, breach of contract, and unfair competition. Plaintiffs seek damages (amount unspecified), rescission of franchise agreements, and return of all amounts paid. Defendants filed demurrer on May 13, 2025 challenging plaintiff's failure to follow contractual mediation requirements before filing suit.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 46 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | State or County |
| Protected territory | No |
| Exclusive territoryℹ | No |
| 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 |
| Jury trial waiver | Yes |
| Governing law | Minnesota |
| Litigation count | 1 |
View Item 3 litigation summary
One pending case filed by former franchisees AGDG Investments LLC and Fufu & Tommy LLC against Pet Evolution Franchising, LLC and officers (Peter Carlson, Fred Macciocchi, Rian Thiele) in Orange County Superior Court (Case No. 30-2024-01437355-CU-BC-CJC). First Amended Complaint filed March 26, 2025. Allegations include misrepresentations and omissions regarding sales volume, earnings, required investments, and other business aspects in violation of California Franchise Investment Law and common law fraud, breach of contract, and unfair competition. Plaintiffs seek damages (amount unspecified), rescission of franchise agreements, and return of all amounts paid. Defendants filed demurrer on May 13, 2025 challenging plaintiff's failure to follow contractual mediation requirements before filing suit.
Items 10, 11
Training & Operations
- Classroom training
- 17 hrs
- On-the-job training
- 0 hrs
- Training location
- Via video conference
- Ongoing training
- Required
- Field support
- 0 hrs/yr
- On-site visits per year
- Site selection
- franchisor
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
31 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Pet Evolution · FDD (2025) PDF
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 $143K – $896K, with an initial franchise fee of $78K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Pet Evolution franchise owners earn?
Pet Evolution 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 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 22 total units in the United States, including 22 franchised units and 0 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 A-grade franchise with a risk score of 46 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.