Woof Gang BakeryFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $184K – $507K
- 47th pct Pet Services
- Avg gross sales
- $741K
- 38th pct Pet Services
- Royalty
- 7.0%
- 38th pct Pet Services
- Units
- 236
- 82nd pct Pet Services
- SBA default
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = >15% above Pet Services 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 grew 20% year-over-year. Fast growth means demand, but can strain support.
30% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $184K – $507K including a $50K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $741K/year (median $680K), with an estimated 30% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 5/100.
- 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.
- Ultimate parent
- Garnett Station Partners, LLC
- CEO title
- Chief Executive Officer
- Ricardo Azevedo
- CEO experience
- 11 yrs
- Years in role or industry
- Incorporated in
- FL
- HQ
- 7575 Dr. Phillips Blvd., Suite 275, Orlando, FL 32819
- Auditor
- Aprio, LLP
- Audited financials
- Franchisor revenue
- $6.8M
- vs $8.6M 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
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
- Headquarters
- FL
- Founded
- 2007
- FDD year
- 2025
- States available
- 26
FDD Item 7 · 2025 filing · 15 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 | |
| Deposit for Additional Stores (MSDA)not refundable | $20K | $80K | |
| Total initial investment | $204K | $587K |
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.
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
$104K
14.0% margin
Unlevered ROIC
28%
EBITDA / total invested capital
Payback
3.6 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $184K – $507K
- Near category avg vs category
- Liquid capital req'd
- $15K – $45K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Near category avg vs category
- Royalty
- 7.0%
- percentage_of_gross · 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 FDD / Item 19
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 |
Financial Performance
- Avg gross sales
- $741K
- Per unit, per year
- Median gross sales
- $680K
- Avg p&l bottom line
- $104K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 30.0%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- gross_sales
- Sample size
- 111 units
- vs category median 12 · large
- Range (low → high)
- $263K→$2.0M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 75 Pet Services brands
vs Pet Services averages
How Woof Gang Bakery Compares
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
- 100%
- vs corporate-owned
- Net growth (yr3)
- +19.8%
- Net unit change last year
- 3-yr CAGR
- +44.8%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 11
- 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 · 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).
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 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 216
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
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
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
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.
Litigation (Item 3)
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)
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 5 / 100 rating
- 01HIGHActive litigation (Jan 2024) involving franchisor enforcement action signals operational compliance issues within the system
- 02HIGHNo Item 19 financial performance representation (Going Concern: False) limits ability to validate the $103,730 average net income claim independently
- 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
- 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius/Population |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.3 mi |
| Territory population | 25,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Mandatory arbitration | Yes |
| 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
- POS system
- Franpos Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Franpos Inc.
Item 20 · call current owners
Franchisee Contacts
99 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Woof Gang Bakery · FDD (2025) PDF
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.
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 163 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 risk score of 5 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.