Bottom line
- Total investment $148K – $239K including a $54K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $547K/year (median $336K).
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 12 loans (below the industry average).
- System contracting at -7.6% 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 WANTS unit return on the cash you put in?
Unlevered ROIC · per unit
42%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 PET WANTS units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$984K
on $4.9M purchase
Total debt
$3.9M
SBA $2.5M + senior + seller note
Overview
About
Pet Wants franchisees operate specialty pet food retail locations, selling premium pet nutrition products and supplements directly to consumers. Day-to-day operations include inventory management, retail sales, customer service, product education, and local marketing to build a customer base in their protected territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 34 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
Declining franchise system with shrinking unit base, opaque profitability metrics, multiple regulatory/litigation issues, and management credibility concerns present elevated investment risk.
Score breakdown · what drove the 54 / 100 rating
- 01MEDUnit decline of 8.2% YoY indicates shrinking franchise system with retention problems
- 02MINORNo Item 19 (average net income) disclosure prevents ROI validation; $546K revenue may not support $148K-$239K investment
- 03HIGHMultiple litigation disclosures including officer bankruptcy concealment, auditor registration violations, and active breach of contract lawsuit signal governance and compliance issues
- 04MEDHigh royalty rate (7%) combined with undisclosed profitability creates cash flow risk for marginal performers
- 05MINORFranchise fee of $53,500 (36% of minimum investment) is substantial relative to system health and declining unit count
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
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
PET WANTS · FDD (2026) PDF