Woof Gang Bakery Franchise Cost, Revenue & Review 2026
- Investment
- $184K – $507K
- Disclosed sales
- $741K
- gross sales, not profit
- SBA charge-off
- Under 10 loans (5)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Woof Gang Bakery is a pet-retail franchise selling premium pet food, treats, and supplies, with grooming at many locations. Franchisees run a neighborhood pet store managing inventory, grooming services, and local customers.
FranchiseVerdict summary · 2026
A Woof Gang Bakery franchise requires a total initial investment of $184K – $507K, including a $50K franchise fee and an ongoing 7.0% royalty[2]. Per the 2025 FDD, average unit revenue was $741K[2]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
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
- $184K – $507K
- 46th pct Pet Services
- Avg gross sales
- $741K
- 24th pct Pet Services
- Royalty
- 7.0%
- 49th pct Pet Services
- Units
- 236
- 90th pct Pet Services
- SBA charge-off
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = favorable by >10% vs Pet Services 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 $184K – $507K including a $50K franchise fee, 7.0% ongoing royalty.
- RETURNSAverage unit revenue of $741K/year (median $680K).
- RISKVerdict A (Strongest tier), verdict score 83/100 (higher is better).
- GROWTHPositive: net +39 franchised outlets in the latest year (48 opened, 9 closed); 113 signed but not yet open (Item 20).
- GROWTHSystem growing at 44.8% CAGR over 3 years with 236 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Woof Gang Bakery, Inc.
- Parent company
- GSP Woof Gang Holdco, Inc.
- FDD Item 1, page 8 of the 2025 FDD
- Ultimate parent
- Garnett Station Partners, LLC
- FDD Item 1, page 8 of the 2025 FDD
- CEO title
- Chief Executive Officer
- Ricardo Azevedo
- CEO experience
- 11 yrs
- Years in role or industry
- Incorporated in
- Florida
- HQ
- 7575 Dr. Phillips Blvd. Suite 275, Orlando, FL 32819
- Auditor
- Aprio, LLP
- Audited financials
- Franchisor revenue
- $8.6M
- vs $6.8M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- Woof Gang Distribution
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Ricardo Azevedo
- Headquarters
- FL
- Founded
- 2007
- FDD year
- 2025
- States available
- 26
Can you afford it, and what does the money buy?
Entry cost is about typical for a pet services franchise (near the category median).
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Start-up Media Feenot refundable | $15K | $15K | |
| Travel/Expenses for Training | $1K | $3K | |
| Leasehold Improvements / Construction | $30K | $260K | |
| Architect Review Fee | $850 | $850 | |
| Architectural Drawings | $11K | $13K | |
| Rent | $8K | $25K | |
| Computer and Point of Sale System | $3K | $3K | |
| Equipment (Freezer, Grooming Equipment, and Signage) | $30K | $55K | |
| Licenses and Permits | $100 | $1K | |
| Insurance | $2K | $4K | |
| Legal and Professional Fees | $1K | $5K | |
| Opening Inventory | $18K | $27K | |
| Working Capital (3 months) | $15K | $45K | |
| Total initial investment | $184K | $507K |
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
- $184K – $507K
- Middle of category vs category
- Liquid capital req'd
- $15K – $45K
- Top 40% of category vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- 7.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $50 |
| Training fee | $2K |
| Transfer fee | $8K |
| Renewal fee | $50 |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 23% above the pet services norm.
Source: FDD 2025 · 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 Woof Gang Bakery 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
$376K
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 Woof Gang Bakery 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: 2025 FDD
Financial Performance
- Avg gross sales
- $741K
- Per unit, per year
- Median gross sales
- $680K
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
- 111 outlets
- vs category median 12 · large
- Range (low → high)
- $263K→$2.0MCited, not corroborated — printed on page 34 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 9 / 10
- vs category median 4 / 10 · above
Compared against 69 Pet Services 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 $741K/year in gross sales. Revenue-to-investment ratio: 2.1x.
Fee burden
Total ongoing fee load of 9.0% (near the Pet Services median).
Disclosure
Transparency score 9/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 44.8% CAGR over 3 years across 236 units — operators are staying and new ones are joining.
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 Pet Services medians
How Woof Gang Bakery Compares
Category median of published Pet Services 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 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 236
- Opened
- 48
- Last reporting year
- Closed
- 9
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 2
- Term expired, not renewed (per Item 20)
- Turnover rate
- 3.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 1%
- vs corporate-owned
- Net growth (3-yr)
- +44.8%
- Net unit change over 3 years
- 3-yr CAGR
- +44.8%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 2
- Transferred
- 11
- Reacquired
- 2
- Franchisor bought back
- Signed, not yet open
- 113
- 0.48 per open outlet · Item 20 Table 5
- Projected new
- 81
- Franchisor's next-year forecast
- Transfer rate
- 4.7%
- Owners selling to other franchisees
- Termination rate
- 0.9%
- Franchisor-initiated terminations
- Ceased ops
- 3.8%
- Units that stopped operating
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).
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.
Where the owners are · Item 20 owner list
252 current owners across 26 states.
- FL 98
- TX 49
- NC 28
- GA 18
- SC 10
- NJ 7
- VA 6
- OH 4
- TN 4
- CA 3
- CT 3
- KS 3
- +14 more states
Counts only, from the list the franchisor prints in Item 20; 1 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $1.0M
- Median loan
- $201K
- average
- Charge-off rate
- Under 10 loans (5)
- Insufficient SBA coverage: 5 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 (5)
- 5-yr charge-off
- Under 10 loans (5)
- Loans approved 2021+
- Active lenders
- 5
- 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 (plaintiff).
Woof Gang Bakery, Inc. v. MVHF Enterprises, Inc., et al (S.D. Fla., Case No. 24-20098-CIVIL, ATONAGA/Reid, commenced January 2024). Action to enforce termination related to franchisee's material breach of franchisor's operating standards.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Aprio, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total revenue for FY2024 per audited consolidated statements of operations (royalties $6,113,974 + franchise fees $1,403,764 + advertising and other $1,003,121 + other revenue $112,138)
ⓘ 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: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 83 / 100 verdict
- 01MINORParent-level net loss -$8,834,792
- 02HIGHSingle routine litigation matter
- 03MINORStrong growth 44.8%, low turnover
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · 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 | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.3 mi |
| Territory population | 25,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | Yes |
| Arbitration location | county where franchisor's headquarters is located (Orange County, FL) |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 1 |
View Item 3 litigation summary
Woof Gang Bakery, Inc. v. MVHF Enterprises, Inc., et al (S.D. Fla., Case No. 24-20098-CIVIL, ATONAGA/Reid, commenced January 2024). Action to enforce termination related to franchisee's material breach of franchisor's operating standards.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- franchisee, subject to franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Franpos Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Franpos Inc.
Item 20 · call current owners
Franchisee Contacts
253 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 Woof Gang Bakery franchise?
The total investment to open a Woof Gang Bakery franchise ranges from $184K – $507K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Woof Gang Bakery franchise owners earn?
According to Item 19 of the Woof Gang Bakery FDD, the average gross sales per unit is $741K. The median is $680K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Woof Gang Bakery?
Woof Gang Bakery is franchised by Woof Gang Bakery, Inc.. Its parent company is GSP Woof Gang Holdco, Inc.. The ultimate parent named in the FDD is Garnett Station Partners, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Woof Gang Bakery 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 Woof Gang Bakery FDD and qualifies whose outlets they describe.
What is Woof Gang Bakery's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Woof Gang Bakery (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 Woof Gang Bakery franchise locations are there?
As of their most recent FDD filing, Woof Gang Bakery has 236 total units in the United States, including 236 franchised units and 0 company-owned units. 48 new units were opened in the latest reporting year.
Is Woof Gang Bakery a good franchise to buy?
FranchiseVerdict rates Woof Gang Bakery as a A-grade franchise with a verdict score of 83 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.