VetCor Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
VetCor is a veteran-owned property restoration franchise handling water, fire, and mold damage recovery and reconstruction. Franchisees run local operations, managing crews, insurance claims, and restoration projects.
FranchiseVerdict summary · 2026
A VetCor franchise requires a total initial investment of $174K – $400K, including a $60K franchise fee and an ongoing 4.0% royalty[2]. Per the 2024 FDD, average unit revenue was $599K[2]. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $174K – $400K
- 66th pct Cleaning & Ma…
- Avg gross sales
- $599K
- 19th pct Cleaning & Ma…
- Royalty
- 4.0%
- 1st pct Cleaning & Ma…
- Units
- 15
- 24th pct Cleaning & Ma…
- SBA charge-off
- N/A
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = favorable by >10% vs Cleaning & Maintenance avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $174K – $400K including a $60K franchise fee, 4.0% ongoing royalty.
- RETURNSAverage unit revenue of $599K/year (median $343K).
- RISKVerdict D (Below average), verdict score 33/100 (higher is better).
- FLAG9 units terminated last reporting year (60.0% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- VetCor Franchising LLC
- Parent company
- Team VetCor, LLC
- CEO title
- President and CEO
- Paul Huszar
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Florida
- HQ
- 7707 S O'Brien St., Tampa, FL 33616
- Auditor
- SAS Assurance
- Audited financials
- Franchisor revenue
- $521K
- vs $632K prior year
Overview
About
- CEO
- Paul Huszar
- Headquarters
- FL
- Founded
- 2019
- FDD year
- 2024
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 8% below the typical cleaning & maintenance franchise.
Source: FDD 2024 · Items 5–7
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $40K | $75K |
| Equipment, build-out, other | $74K | $265K |
| Total initial investment | $174K | $400K |
Source: VetCor 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $174K – $400K
- Middle of category vs category
- Liquid capital req'd
- $40K – $75K
- Bottom third — review vs category
- Franchise fee
- $60K – $60K
- Bottom third — review vs category
- Royalty
- 4.0%
- Collected Gross Revenue · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 5.0% of rev |
A 5.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
What do units actually make?
Average unit sales run 33% below the cleaning & maintenance norm.
Source: FDD 2024 · Item 19
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
$84K
14.0% margin
Unlevered ROIC
24%
EBITDA / total invested capital
Payback
4.1 yrs
cash-on-cash, unlevered
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit. The target band for an attractive franchise is 30–60% ROIC. Below that and a passive index fund likely outperforms; above that and the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses. It's the top line only. Operating costs below are category estimates. Override them to match your real lease quote, labor market, and build-out budget.
Returns model · single-unit ROIC
What would one VetCor unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
24%
Below the 30–60% attractive-franchise band
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Levered LBO scenario · Yale Crease Capital framing
What would 25 VetCor units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$839K
on $4.2M purchase
Total debt
$3.4M
SBA $2.1M + senior + seller note
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
- Avg gross sales
- $599K
- Per unit, per year
- Median gross sales
- $343K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 7 franchisees
- vs category median 32 · small
- Range (low → high)
- $159K→$1.6M
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Source filing
- FDD 2024
- Disclosed in the 2024 filing, covering 2023
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 192 Cleaning & Maintenance brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $599K/year in gross sales. Median is $343K — top performers pull the average up, so a typical unit earns less. Revenue-to-investment ratio: 2.1x.
Fee burden
Total ongoing fee load of 5.0% — below the Cleaning & Maintenance average of 9.7%.
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System contracting at -40.0% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Cleaning & Maintenance averages
How VetCor Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 15
- Opened
- 1
- Last reporting year
- Closed
- 9
- Terminated
- 9
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 75.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 80%
- vs corporate-owned
- Net growth (3-yr)
- -40.0%
- Net unit change over 3 years
- 3-yr CAGR
- -40.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 9
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 2
- Franchisor bought back
- Projected new
- 8
- Franchisor's next-year forecast
- Termination rate
- 60.0%
- Franchisor-initiated terminations
- Ceased ops
- 73.3%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 7 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
7
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $876K
- Median loan
- $155K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (3 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Two cases involving VetCor Franchising, LLC: (1) PENDING: Lontex14, LLC and Blaine Decker v. VetCor Franchising, LLC et al. (M.D. Fla. No. 8:23-cv-00104, filed January 16, 2023) - franchisee suit alleging fraud, negligent misrepresentation, unjust enrichment, FDUTPA violations, breach of contract, breach of covenant of good faith and fair dealing, seeking rescission and damages; franchisor filed counterclaim for breach of franchise agreement and personal guaranty violations. (2) SETTLED: VetCor Franchising, LLC v. Neumann Emergency Services, LLC et al. (Fla. 13th Jud. Cir. No. 23-CA-013855, filed July 18, 2023) - franchisor suit against franchisee and owners for breach of franchise agreements, non-competition covenant violations, failure to pay royalties, and former/current employees for aiding and abetting; settled December 18, 2023 for $252,986.56 with waiver of post-termination covenants.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SAS Assurance
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- 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 33 / 100 verdict
- 01HIGHPending franchisee fraud/misrepresentation/rescission suit
- 02MINORSmall system (15 units)
- 03MEDFinancials/net worth not disclosed
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 5.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population/Boundary |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 350,000 |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Tampa, Florida |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 2 |
View Item 3 litigation summary
Two cases involving VetCor Franchising, LLC: (1) PENDING: Lontex14, LLC and Blaine Decker v. VetCor Franchising, LLC et al. (M.D. Fla. No. 8:23-cv-00104, filed January 16, 2023) - franchisee suit alleging fraud, negligent misrepresentation, unjust enrichment, FDUTPA violations, breach of contract, breach of covenant of good faith and fair dealing, seeking rescission and damages; franchisor filed counterclaim for breach of franchise agreement and personal guaranty violations. (2) SETTLED: VetCor Franchising, LLC v. Neumann Emergency Services, LLC et al. (Fla. 13th Jud. Cir. No. 23-CA-013855, filed July 18, 2023) - franchisor suit against franchisee and owners for breach of franchise agreements, non-competition covenant violations, failure to pay royalties, and former/current employees for aiding and abetting; settled December 18, 2023 for $252,986.56 with waiver of post-termination covenants.
Items 10, 11
Training & Operations
- Classroom training
- 72 hrs
- On-the-job training
- 58 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- POS system
- PSA
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: PSA
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
VetCor · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a VetCor franchise?
The total investment to open a VetCor franchise ranges from $174K – $400K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do VetCor franchise owners earn?
According to Item 19 of the VetCor FDD, the average gross sales per unit is $599K. The median is $343K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Item 19 in the VetCor FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the VetCor FDD and qualifies whose outlets they describe.
What is VetCor's franchise failure rate?
SBA 7(a) loan charge-off data is not available for VetCor (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 VetCor franchise locations are there?
As of their most recent FDD filing, VetCor has 15 total units in the United States, including 12 franchised units and 3 company-owned units. 1 new units were opened in the latest reporting year.
Is VetCor a good franchise to buy?
FranchiseVerdict rates VetCor as a D-grade franchise with a verdict score of 33 out of 100 (higher is better), 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.
For franchisors
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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.