VetCor Franchise Cost, Revenue & Review 2026
- Investment
- $330K – $400K
- Disclosed sales
- $599K
- gross sales, not profit
- SBA charge-off
- Under 10 loans (3)
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 $330K – $400K, including a $60K franchise fee and an ongoing 4.0% royalty[2]. Per the 2024 FDD, average revenue per franchisee was $599K. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $330K – $400K
- 80th pct Cleaning & Ma…
- Avg gross sales
- $599K
- Per franchisee, not per outlet
- Royalty
- 4.0%
- 3rd 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 median · 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 $330K – $400K including a $60K franchise fee, 4.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $599K/year (median $343K). Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict D (Below average), verdict score 31/100 (higher is better).
- GROWTHNegative: net -10 franchised outlets in the latest year (1 opened, 11 closed); 1 signed but not yet open (Item 20).
- 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
- FDD Item 1, page 9 of the 2024 FDD
- 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 115% above the typical cleaning & maintenance franchise.
Source: FDD 2024 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial franchise fee | $50K | $60K | |
| Rent, Utilities, and Leasehold Improvements | $3K | $5K | |
| Grand Opening Advertising | $3K | $6K | |
| Furniture, Fixtures, and Equipment | $500 | $5K | |
| Computer Systems | $3K | $5K | |
| Insurance | $4K | $5K | |
| Vehicle | $133K | $133K | |
| Vehicle Wrap | $0 | $5K | |
| Signage | $200 | $1K | |
| Professional Equipment | $84K | $84K | |
| Operational and Software Licenses and Permits, Dues and Subscriptions | $3K | $4K | |
| Professional Fees (lawyer, accountant, etc.) | $1K | $3K | |
| Travel, lodging, and meals for initial training | $6K | $10K | |
| Additional funds (for first 3 months) | $40K | $75K | |
| Total initial investment | $330K | $400K |
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
- $330K – $400K
- Bottom third — review 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%
- 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 11% above the cleaning & maintenance norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
Source: FDD 2024 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for VetCor until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$422K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
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, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own 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?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
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
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $599K
- Per franchisee, per year — not per outlet
- Median gross sales
- $343K
- Per franchisee, not per outlet
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→$1.6MCited, not corroborated — printed on page 51 of the 2024 FDD. Nothing else in our record independently restates or re-derives it.
- 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 191 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
The average franchisee generates $599K/year in gross sales. Median is $343K — top performers pull the average up, so a typical unit earns less.
Fee burden
Total ongoing fee load of 5.0% — below the Cleaning & Maintenance median of 8.3%.
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 medians
How VetCor Compares
Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown
Category median of published Cleaning & Maintenance brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
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
- 11
- Terminated
- 9
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 73.3%
- 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
Last fiscal year · Item 20 exits and transfers
- Terminated
- 9
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 2
- Franchisor bought back
- Signed, not yet open
- 1
- 0.07 per open outlet · Item 20 Table 5
- 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
- Under 10 loans (3)
- Insufficient SBA coverage: 3 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (3)
- 5-yr charge-off
- Under 10 loans (3)
- 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)
Subject: the franchisor is a named party (defendant).
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)
Item 21 states audited financial statements for FY 2023/2022/2021 are in Exhibit E, but Exhibit E (the audited statements themselves) is not present in the extracted text, so no balance-sheet or income-statement figures could be read. Franchisor is VetCor Franchising LLC, a wholly owned subsidiary of Team VetCor LLC (parent).
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 31 / 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 | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 350,000 |
| Online sales rightsℹ | 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 |
| Termination groundsℹ | 14 |
| Curable defaultsℹ | 2 |
| 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
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- 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
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 $330K – $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. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns VetCor?
VetCor is franchised by VetCor Franchising LLC. Its parent company is Team VetCor, LLC. Source: FDD Item 1, 2024 filing.
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 31 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.