PetSmart Veterinary Services
Source filing: WI · filed 2026-05-22
Item 5 — Initial franchise fee
$10,000 [p.11 · WI · 2026-05-22]
Item 6 — Recurring fees (royalty & advertising)
| Franchise Royalty | 2% of the first $750,000 of Hospital Revenue during the Fiscal Year; then 2.5% of Hospital Revenue above $750,000 and up to $1 Million during the Fiscal Year; then 3% of Hospital Revenue above $1 Million and up to $1.25 Million during the Fiscal Year; then 3.5% of Hospital Revenue in excess of $1.25 Million in the Fiscal Year. The royalty rate reverts to 2% at the start of the next Fiscal Year. [p.12 · WI · 2026-05-22] |
|---|---|
| Brand Fund Contribution | 1.5% of Hospital Revenue [p.13 · WI · 2026-05-22] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$160,650 [p.18 · WI · 2026-05-22] – $497,500 [p.18 · WI · 2026-05-22]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 37 [p.50 · WI · 2026-05-22] |
|---|---|
| Franchised outlets at end of year | 43 [p.50 · WI · 2026-05-22] |
| Net change in franchised outlets | 6 [p.50 · WI · 2026-05-22] |
| Transfers | 1 [p.50 · WI · 2026-05-22] |
| Terminations | 5 [p.52 · WI · 2026-05-22] |
| Non-renewals | 0 [p.52 · WI · 2026-05-22] |
| Ceased operations (other) | 1 [p.52 · WI · 2026-05-22] |
| Company-owned outlets at end of year | 0 [p.50 · WI · 2026-05-22] |
Item 19 — Financial performance representation
Headline cohort
All franchised PVS Hospitals with FY 2025 Hospital Revenue data (23 centers open full fiscal year with 12+ months prior operation) · FY 2025 (year ending February 1, 2026)
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 23 [p.49 · WI · 2026-05-22] | $830,656 [p.49 · WI · 2026-05-22] | $826,432 [p.49 · WI · 2026-05-22] | $1,555,631 [p.49 · WI · 2026-05-22] | $230,816 [p.49 · WI · 2026-05-22] |
All disclosed cohorts (4)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| Top 10% of franchised PVS Hospitals by FY 2025 Hospital Revenue (3 centers open full fiscal year with 12+ months prior operation) FY 2025 (year ending February 1, 2026) |
3 [p.49 · WI · 2026-05-22] | Not disclosed | Not disclosed | $1,555,631 [p.49 · WI · 2026-05-22] | Not disclosed |
| Middle 80% of franchised PVS Hospitals by FY 2025 Hospital Revenue (17 centers open full fiscal year with 12+ months prior operation) FY 2025 (year ending February 1, 2026) |
17 [p.49 · WI · 2026-05-22] | $821,174 [p.49 · WI · 2026-05-22] | $826,432 [p.49 · WI · 2026-05-22] | $1,146,406 [p.49 · WI · 2026-05-22] | $502,331 [p.49 · WI · 2026-05-22] |
| Bottom 10% of franchised PVS Hospitals by FY 2025 Hospital Revenue (3 centers open full fiscal year with 12+ months prior operation) FY 2025 (year ending February 1, 2026) |
3 [p.49 · WI · 2026-05-22] | $353,001 [p.49 · WI · 2026-05-22] | $404,344 [p.49 · WI · 2026-05-22] | $423,843 [p.49 · WI · 2026-05-22] | $230,816 [p.49 · WI · 2026-05-22] |
| All franchised PVS Hospitals with FY 2025 Hospital Revenue data (23 centers open full fiscal year with 12+ months prior operation) FY 2025 (year ending February 1, 2026) |
23 [p.49 · WI · 2026-05-22] | $830,656 [p.49 · WI · 2026-05-22] | $826,432 [p.49 · WI · 2026-05-22] | $1,555,631 [p.49 · WI · 2026-05-22] | $230,816 [p.49 · WI · 2026-05-22] |
“Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much.” [p.49 · WI · 2026-05-22]
Extraction notes
- One or more Item 19 figures failed source verification and were removed.