FranchiseVerdict
Splash and Dash Groomerie & Boutique logo
FV-02420·STRONGExcellent95

Splash and Dash Groomerie & Boutique

Personal Services - Pet CareFranchising since 2014Website
Investment
$297K – $453K
67th pct Pet Care
Avg revenue
$649K
32nd pct Pet Care
Royalty
8.0%
58th pct Pet Care
Units
19
53rd pct Pet Care
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $297K – $453K including a $60K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $649K/year. Estimated payback in 4.8 years.
  • Rated STRONG with a risk score of 42/100. SBA loan default rate of 0.0% across 36 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
SD Franchise Holdings, Inc.
Incorporated in
Florida
HQ
10901 Roosevelt Blvd, Building 2C, Suite 900, St. Petersburg, FL 33716
Auditor
Muhammad Zubairy, CPA PC
Audited financials
Franchisor revenue
$45K
vs $758K prior year

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 Splash and Dash Groomerie & Boutique unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $648,927
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $297K–$453K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

24%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$97K
EBITDA margin
15.0%
Total invested
$405K
Payback
50 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Splash and Dash Groomerie & Boutique units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.0M

on $5.2M purchase

Total debt

$4.2M

SBA $2.6M + senior + seller note

Overview

About

Franchisees operate pet grooming salons offering bathing, nail trimming, ear cleaning, and haircut services via a high-velocity model. They manage grooming staff, schedule appointments, maintain facility standards, and retail pet boutique products. Day-to-day involves customer service, staff training, inventory management, and adherence to Splash and Dash grooming protocols.

CEO
Dan Barton
Founded
2023
FDD year
2025
States available
13

Item 7 · what it costs

The Vitals

Total investment
$297K – $453K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$60K
Royalty
8.0%
Adjusted Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical
Payback period
4.8 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$649K
Per unit, per year
Median gross sales
Item 19 type
Income Statement
Sample size
12 units
vs category median 12
Range (low → high)
$148K$1.6M
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank32th
vs Personal Services - Pet Care peers
Investment cost rank67th
Lower investment ranks lower (better)
Royalty rate rank58th
Lower royalty = lower percentile (better)
Unit count rank53th
vs Personal Services - Pet Care peers
Risk score rank5th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
19
Opened
8
Last reporting year
Closed
3
Turnover rate
15.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+35.7%
Net unit change last year
3-yr CAGR
+46.2%
Compounded over last 3 years
2023
19+5
Franchised units
2024
14
Franchised units
2025
13
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 26 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 26 states
Not registered

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.

Total loans
36
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

42
Risk · 0-100
STRONG42 / 100

Moderate-to-caution risk profile with compliance history concerns, opaque financial claims, and high capital requirements relative to disclosed returns; rapid growth may mask underlying operational or satisfaction issues.

Score breakdown · what drove the 42 / 100 rating

  1. 01HIGHNo Item 19 financial performance representations (Going Concern = False) limits ability to validate the $78,504 average net income claim independently
  2. 02HIGH2017 Illinois AG litigation for unregistered franchise sale indicates compliance issues with predecessor management, though fine was modest
  3. 03MINORHigh initial investment ($296,880-$453,420) relative to average net income ($78,504) creates 3.8-5.8 year payback period with significant leverage risk
  4. 04MINORRapid unit growth of 35.7% YoY may indicate aggressive recruitment over franchisee success focus; need to validate retention rates
  5. 05MINOR8% royalty on adjusted gross sales lacks transparency on what 'adjustments' are permitted and whether they reduce effective revenue

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Florida

Item 11

Training & Operations

Classroom training
60 hrs
On-the-job training
40 hrs
POS system
FIDO
Operating tech stack

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

37 numbers

Locked
(517) 373-••••
MI
(415) 902-••••
CA
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Splash and Dash Groomerie & Boutique · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above