FranchiseVerdict
Woof Gang Bakery logo
FV-02994·STRONGExcellent100

Woof Gang Bakery

Personal Services - Pet CareFranchising since 2008Website
Investment
$184K – $507K
53rd pct Pet Care
Avg revenue
$741K
37th pct Pet Care
Royalty
7.0%
43rd pct Pet Care
Units
236
93rd pct Pet Care
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $184K – $507K including a $50K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $741K/year (median $680K). Estimated payback in 3.3 years.
  • Rated STRONG with a risk score of 37/100. SBA loan default rate of 0.0% across 216 loans (below the industry average).
  • System growing at 44.8% CAGR over 3 years with 236 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Woof Gang Bakery, Inc.
Parent company
GSP Woof Gang Holdco, Inc.
Incorporated in
Florida
HQ
7575 Dr. Phillips Blvd., Suite 275, Orlando, FL 32819
Auditor
Aprio, LLP
Audited financials
Franchisor revenue
$6.8M
vs $8.6M 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 Woof Gang Bakery unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $740,874
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: $184K–$507K
Working capital
$
FDD reports $15K–$45K

Unlevered ROIC · per unit

32%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$119K
EBITDA margin
16.0%
Total invested
$376K
Payback
38 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 Woof Gang Bakery 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

$1.3M

on $6.7M purchase

Total debt

$5.3M

SBA $3.3M + senior + seller note

Overview

About

Woof Gang Bakery franchisees operate pet treat and specialty food retail locations focused on dog-friendly baked goods and natural pet nutrition products. Day-to-day operations include inventory management, customer service, point-of-sale transactions, product preparation/sourcing, and brand-standard compliance audits conducted by franchisor.

CEO
Ricardo Azevedo
Founded
2007
FDD year
2025
States available
26

Item 7 · what it costs

The Vitals

Total investment
$184K – $507K
All-in to open one unit
Liquid capital
$15K – $45K
Cash you must have on hand
Franchise fee
$50K
Royalty
7.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical
Payback period
3.3 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$741K
Per unit, per year
Median gross sales
$680K
Item 19 type
Average Yearly Gross Revenue
Sample size
111 units
vs category median 12 · large
Range (low → high)
$263K$2.0M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank37th
vs Personal Services - Pet Care peers
Investment cost rank53th
Lower investment ranks lower (better)
Royalty rate rank43th
Lower royalty = lower percentile (better)
Unit count rank93th
vs Personal Services - Pet Care peers
Risk score rank0th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
236
Opened
48
Last reporting year
Closed
9
Turnover rate
3.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+19.8%
Net unit change last year
3-yr CAGR
+44.8%
Compounded over last 3 years
2023
236+39
Franchised units
2024
197
Franchised units
2025
163
Franchised units

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

Item 20 · 9 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 · 9 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
216
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

37
Risk · 0-100
STRONG37 / 100

Woof Gang presents moderate-to-caution risk due to active litigation over franchisee compliance, absence of audited financial disclosures, and unclear unit growth sustainability despite strong headline growth rate.

Score breakdown · what drove the 37 / 100 rating

  1. 01HIGHActive litigation (Jan 2024) involving franchisor enforcement action signals operational compliance issues within the system
  2. 02HIGHNo Item 19 financial performance representation (Going Concern: False) limits ability to validate the $103,730 average net income claim independently
  3. 03HIGH19.8% YoY unit growth appears strong but requires verification — unclear if growth is organic, rebrands, or offset by closures; litigation suggests quality control problems
  4. 04MINORHigh initial investment ($184K-$506K) combined with 7% royalty creates thin margin for error given modest average net income of $103,730

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/Population
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
Required
Governing law
Florida

Item 11

Training & Operations

Classroom training
40 hrs
On-the-job training
0 hrs
POS system
Franpos Inc.
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

99 numbers

Locked
(321) 613-••••
FL
(407) 823-••••
FL
(407) 877-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Woof Gang Bakery · FDD (2025) PDF

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