VetCorFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $174K – $400K
- 64th pct Cleaning & Ma…
- Avg gross sales
- $599K
- 23rd pct Cleaning & Ma…
- Royalty
- 4.0%
- 2nd pct Cleaning & Ma…
- Units
- 15
- 25th pct Cleaning & Ma…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = >15% above Cleaning & Maintenance 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 46% year-over-year. Investigate why units are closing.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $174K – $400K including a $60K franchise fee, 4.0% ongoing royalty.
- Average unit revenue of $599K/year (median $343K).
- Verdict F (Bottom Quintile) with a risk score of 83/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- 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
- FL
- HQ
- 7707 S O’Brien St., Tampa, FL 33616
- Auditor
- SAS Assurance
- Audited financials
- Franchisor revenue
- $521K
- vs $632K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2024
- Status as of 2024; may have been resolved in a later filing we don't yet have.
Overview
About
VetCor franchisees operate emergency and specialty veterinary services, including general reconstruction and rebuild services following disasters or facility damage. Day-to-day operations involve providing veterinary care delivery, managing client relationships, coordinating with insurance/disaster relief entities, and handling facility reconstruction or rebuild projects with variable service lines and pricing tiers.
- CEO
- Paul Huszar
- Headquarters
- FL
- Founded
- 2019
- FDD year
- 2024
- States available
- 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.
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
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $174K – $400K
- Near category avg vs category
- Liquid capital req'd
- $40K – $75K
- Near category avg vs category
- Franchise fee
- $50K – $60K
- Near category avg 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.
Financial Performance
- Avg gross sales
- $599K
- Per unit, per year
- Median gross sales
- $343K
- Item 19 type
- gross_sales
- Sample size
- 10 units
- vs category median 31 · small
- Range (low → high)
- $159K→$1.6M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 204 Cleaning & Maintenance brands
vs Cleaning & Maintenance averages
How VetCor Compares
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
- 60.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 80%
- vs corporate-owned
- Net growth (yr3)
- -45.5%
- Net unit change last year
- 3-yr CAGR
- -40.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- 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 20 · 19 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 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
- 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)
- N/A
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into VetCor's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-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
VetCor presents HIGH RISK due to precipitous 45.5% unit decline, pending fraud/misrepresentation litigation, undisclosed profitability data, and going concern status — suggesting a destabilizing franchise system with credibility and financial viability concerns.
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⚠ Going-concern note flagged
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 83 / 100 rating
- 01MINORUnit count collapsed 45.5% YoY (15 units remaining) indicating severe system contraction and franchisee failure rate
- 02HIGHPending litigation alleging misrepresentation, fraud, and failure to provide training directly threatens franchisor credibility
- 03MEDNet income not disclosed despite $599k average revenue — lack of transparency on actual profitability suggests poor unit economics
- 04MINORDual royalty structure (4-7%) combined with $60k franchise fee and $173-400k investment creates high break-even threshold
- 05HIGHGoing concern flag indicates financial viability questions at corporate level
- 06MINORResolved lawsuit involving breach and non-compete suggests contentious franchisor-franchisee relationship history
- 07MINORNo Item 19 (financial performance representations) limits ability to validate revenue claims
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 | 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
23 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 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 F-grade franchise with a risk score of 83 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.