Woof Gang Bakery Franchise Cost, Revenue & Review 2026
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 →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $184K – $507K
- 45th pct Pet Services
- Avg gross sales
- $741K
- 38th pct Pet Services
- Royalty
- 7.0%
- 39th pct Pet Services
- Units
- 236
- 83rd pct Pet Services
- SBA charge-off
- N/A
Quick verdict · Pet Services · color = vs category peers
Green = favorable by >10% vs Pet Services avg · 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
- 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 (Strongest tier), verdict score 83/100 (higher is better).
- 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
Corporate structure & franchisor financials
- 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
- 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
- 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 runs 28% below the typical pet services franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown15 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.
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%
- 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 |
What do units actually make?
Average unit sales run 18% below the pet services norm.
Source: FDD 2025 · Item 19
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
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
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 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 / 10
- vs category median 4 / 10 · above
Compared against 77 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 average).
Disclosure
Transparency score 10/10 — 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 averages
How Woof Gang Bakery Compares
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
- 5
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 2
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.4%
- 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
3-year detail · Item 20
- Opened (3yr)
- 39
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 14
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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 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
- N/A
- limited sample (5 loans) — rate not shown below 10
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
- 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
Single litigation matter (2024 franchisee termination enforcement) on a 236-unit system. Financials are parent-level with net worth $36.3M but a net loss of -$8,834,792; strong 44.8% growth and low 0.42% turnover. No bankruptcy or going-concern; Item 19 disclosed and audited.
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)
ⓘ 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 | 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 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), 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.
For franchisors
Are you the franchisor?
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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.