petNmind franchise
2022 filing · June 22, 2022Shares sales figures
petNmind at a glance
A pet store selling natural pet food and supplies, with self-service dog washing and other services. At the end of 2021 there were 1 petNmind locations in the US, all company-owned.
The business
- Franchisor
- PetNmind Franchising Group LLC
- The company that sells the franchises
- Franchisor based in
- Coconut Creek, Florida
- Typical size
- 500–2,000 sq ft
What you pay
- Cost to open
- $160K–$299K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross revenues, paid monthly, plus a brand fund contribution of initially 0% (up to 1%)
- Brand fund
- Yes
- 1% of gross revenue a month after an initial period at 0%
- Renewal fee
- See terms
- 20% of the then- current franchise fee
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2019–2021
- States
- 1
- Most in Florida
From PetNmind Franchising Group LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
petNmind among all franchises with the same figure.
| Figure | petNmind | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $229,350 | Costs less than 65% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a petNmind franchise costs
Opening one petNmind costs an estimated $159,700 to $299,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction of leasehold improvements ($50,000 to $100,000) and equipment and other supplies ($20,000 to $60,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Pre-Opening Travel Expenses and Living Expenses While Training | $2,000 | $3,000 | |
| Real Estate Rent Deposits and Pre-Paid Expenses | $2,000 | $4,000 | |
| Furniture, Fixtures, and Décor | $10,000 | $20,000 | |
| Construction of Leasehold Improvements | $50,000 | $100,000 | |
| Opening Inventory and Supplies | $15,000 | $30,000 | |
| Business Permits and Licenses | $1,200 | $3,000 | |
| Grand Opening Advertising | $2,500 | $5,000 | |
| Computer, Software, and Point-of-Sale System | $1,000 | $2,000 | |
| Architectural/Engineering | $2,000 | $4,000 | |
| Insurance Deposits and Premiums (3 months) | $1,000 | $2,000 | |
| Equipment and other Supplies | $20,000 | $60,000 | |
| Signage | $2,000 | $4,000 | |
| Professional Fees | $1,000 | $2,000 | |
| Additional Funds – Three (3) Months | $10,000 | $20,000 | |
| Total | $159,700 | $299,000 | |
Source: PetNmind Franchising Group LLC, 2022 filing, page 12
petNmind franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: PetNmind Franchising Group LLC, 2022 filing, page 9
Royalty and ongoing fees
| Royalty | 5% of gross revenues, paid monthly, plus a brand fund contribution of initially 0% (up to 1%). |
|---|---|
| Brand or marketing fund | 1% of gross revenue a month after an initial period at 0%. |
| Renewal Fee | 20% of the then- current franchise fee |
| Local Marketing Requirement | 1.0% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: PetNmind Franchising Group LLC, 2022 filing, page 9
Other fees as filed, from page 10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures petNmind publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: PetNmind Franchising Group LLC, 2022 filing, page 35
SBA loans to petNmind franchisees
Lenders approved 2 SBA 7(a) loans for petNmind franchisees in 2023, $268K in all. None has been paid off or charged off yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How petNmind compares
Of the 88 pet franchises on this site, petNmind is the 34th cheapest to open and the 78th largest by number of locations.
| Figure | petNmind | Typical pet brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $160K | $198K | $222K |
| Cost to open, high end | $299K | $434K | $477K |
| Franchise fee | $40K | $45K | $40K |
| Royalty | 5% | 6.5% | 6% |
| US locations | 1 | 12 | 21 |
| Shares earnings figures | Yes | 71 of 88 | 2,147 of 3,352 |
Typical is the median across the 88 brands in pet franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 1 | 0 | 0 |
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: PetNmind Franchising Group LLC, 2022 filing, page 37
Where petNmind locations are
At the end of 2021, petNmind had locations in 1 state. The most are in Florida.
- Florida1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Florida | 0 | 1 | 1 |
Source: PetNmind Franchising Group LLC, 2022 filing, page 38
Who owns petNmind?
petNmind franchises are sold by PetNmind Franchising Group LLC.
From PetNmind Franchising Group LLC’s 2022 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: PetNmind Franchising Group LLC, 2022 filing, litigation on page 8, bankruptcy on page 8
petNmind filings
The figures on this page come from PetNmind Franchising Group LLC’s 2022 filing, issued June 22, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | June 22, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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