Pet WantsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A PET WANTS franchise requires a total initial investment of $148K – $239K, including a $54K franchise fee and an ongoing 7.0% royalty[2]. Per the 2026 FDD, average unit revenue was $547K[2]. Verdict grade: F. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $148K – $239K
- 41st pct Pet Services
- Avg gross sales
- $547K
- 30th pct Pet Services
- Royalty
- 7.0%
- 38th pct Pet Services
- Units
- 158
- 77th 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
The system contracted 8% year-over-year. Investigate why units are closing.
Bottom line
- Total investment $148K – $239K including a $54K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $547K/year (median $336K).
- Verdict F (Bottom Quintile) with a risk score of 97/100.
- 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
- Legal entity
- PET WANTS FRANCHISE SYSTEM, LLC
- Parent company
- Franchise Funding Group, LLC
- Incorporated in
- OH
- HQ
- 4755 Lake Forest Drive, Suite 100, Cincinnati, Ohio 45242
- Auditor
- Clark, Schaefer, Hackett & Co.
- Audited financials
- Franchisor revenue
- $4.3M
- vs $4.0M prior year
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.
- CEO
- Ray Fabik
- Headquarters
- OH
- Founded
- 2015
- FDD year
- 2026
- States available
- 35
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $54K | $54K |
| Working capital (3–6 mo) | $10K | $20K |
| Equipment, build-out, other | $85K | $166K |
| Total initial investment | $148K | $239K |
Source: PET WANTS 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$77K
14.0% margin
Unlevered ROIC
37%
EBITDA / total invested capital
Payback
33 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $148K – $239K
- Near category avg vs category
- Liquid capital req'd
- $10K – $20K
- Better than avg vs category
- Franchise fee
- $54K – $54K
- Near category avg vs category
- Royalty
- 7.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $50 |
| Transfer fee | $15K |
| Renewal fee | $0 |
| Total fee load | 9.0% of rev |
Financial Performance
- Avg gross sales
- $547K
- Per unit, per year
- Median gross sales
- $336K
- Item 19 type
- gross_sales
- Sample size
- 51 units
- vs category median 12 · large
- Range (low → high)
- $82K→$1.8M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 75 Pet Services brands
vs Pet Services averages
How Pet Wants Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 158
- Opened
- 14
- Last reporting year
- Closed
- 6
- Turnover rate
- 3.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -8.2%
- Net unit change last year
- 3-yr CAGR
- -7.6%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 12
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 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 8 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 8
- Loan volume
- $1.1M
- Median loan
- $87K
- 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
- N/A
- Loans approved 2021+
- Active lenders
- 7
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Pet Wants's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 7 lenders with concentration factor
- Per-state charge-off rates across 6 states
- Startup risk premium and job creation velocity
- 4-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
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.
Audited financials (Item 21)
Yes · Clark, Schaefer, Hackett & Co.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 97 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Postal Codes |
| Protected territory | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Ohio |
| Litigation count | 4 |
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 0 hrs
- POS system
- portable point-of-sale (POS) system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: portable point-of-sale (POS) system
Item 20 · call current owners
Franchisee Contacts
99 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
PET WANTS · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a PET WANTS franchise?
The total investment to open a PET WANTS franchise ranges from $148K – $239K, with an initial franchise fee of $54K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do PET WANTS franchise owners earn?
According to Item 19 of the PET WANTS FDD, the average gross sales per unit is $547K. The median is $336K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is PET WANTS's franchise failure rate?
SBA 7(a) loan charge-off data is not available for PET WANTS (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many PET WANTS franchise locations are there?
As of their most recent FDD filing, PET WANTS has 158 total units in the United States, including 146 franchised units and 0 company-owned units. 14 new units were opened in the latest reporting year.
Is PET WANTS a good franchise to buy?
FranchiseVerdict rates PET WANTS as a F-grade franchise with a risk score of 97 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.