VetCor franchise
2023 filing · June 7, 2023GrowingShares sales figures
VetCor at a glance
A restoration business handling water, fire and smoke damage, mold remediation, board-ups, roof tarping and rebuilds. At the end of 2022 there were 23 VetCor locations in the US, 22 franchised and 1 company-owned.
The business
- Franchisor
- VetCor Franchising LLC
- The company that sells the franchises
- Franchising since
- 2019
- 4 years of selling franchises
- Franchisor based in
- Tampa, Florida
What you pay
- Cost to open
- $174K–$385K
- Fee, build-out and opening working capital
- Franchise fee
- $60,000
- Paid once, when you sign
- Royalty
- 4%–7%
- 4% of collected gross revenue on reconstruction and build-back work and 7% on all other services, paid monthly
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 23
- Franchised and company-owned
- Franchised
- 22
- Company-owned
- 1
- Change in 3 years
- +19
- Franchised locations, 2020–2022
- States
- 6
- Most in Florida, Texas and Georgia
From VetCor Franchising LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
VetCor among all franchises with the same figure.
| Figure | VetCor | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $279,623 | Costs less than 59% of franchises |
| Franchise feePaid once, when you sign | $60,000 | Higher than 88% of franchises |
| US locationsFranchised and company-owned | 23 | More than 51% of franchises |
How much a VetCor franchise costs
Opening one VetCor costs an estimated $173,935 to $385,310. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: VetCor Franchising LLC, 2023 filing, page 19
VetCor franchise fee
The franchise fee is $60,000. You pay it when you sign the franchise agreement.
Source: VetCor Franchising LLC, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | 4% of collected gross revenue on reconstruction and build-back work and 7% on all other services, paid monthly. |
|---|---|
| Software subscription | Currently, $250 - |
| Replacement/Additi onal Training fee | Currently, $500 per day |
| Local Marketing Requirement | 1% of your |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: VetCor Franchising LLC, 2023 filing, page 13
Other fees as filed, from pages 13–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures VetCor publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $691,617
- Median sales
- $479,820
Yearly figures for 2022, per franchisee, ten franchisees (one to four territories each) open all of 2022.
Sales are what the business takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: VetCor Franchising LLC, 2023 filing, pages 50–51
SBA loans to VetCor franchisees
Lenders approved 3 SBA-backed loans for VetCor franchisees from 2020 to 2023, $876K in all: 2 7(a) loans and 1 504 loan. One has been paid in full; none was charged off. The other 2 haven’t ended 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
Growth and closures
Share of franchised locations, 2022 / 2020–2022. Typical means the median: half of brands are above it, half below.
| Measure | VetCor | Typical restoration brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +10% / +633% | +0.5% / +4.8% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 5% / 33% | 5% / 15% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical restoration brand is the median of the 29 brands in restoration franchises with three years of counts.
How VetCor compares
Of the 57 restoration franchises on this site, VetCor is the 38th cheapest to open and the 38th largest by number of locations.
| Figure | VetCor | Typical restoration brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $174K | $152K | $222K |
| Cost to open, high end | $385K | $255K | $477K |
| Franchise fee | $60K | $50K | $40K |
| US locations | 23 | 54 | 21 |
| Shares earnings figures | Yes | 44 of 57 | 2,147 of 3,352 |
Typical is the median across the 57 brands in restoration franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 12 (+9) | 2 | +9 | 0 |
| 2021 | 20 (+8) | 1 | +8 | 0 |
| 2022 | 22 (+2) | 1 | +3 | −1 |
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: VetCor Franchising LLC, 2023 filing, page 53
Where VetCor locations are
At the end of 2022, VetCor had locations in 6 states. The most are in Florida, Texas and Georgia.
- Florida15
- Texas4
- Georgia1
- Kentucky1
- Ohio1
- Virginia1
Source: VetCor Franchising LLC, 2023 filing, page 54
Who owns VetCor?
VetCor franchises are sold by VetCor Franchising LLC. It is a subsidiary of Team VetCor LLC.
From VetCor Franchising LLC’s 2023 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 11. |
|---|---|
| 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: VetCor Franchising LLC, 2023 filing, litigation on page 11, bankruptcy on page 12
VetCor filings
The figures on this page come from VetCor Franchising LLC’s 2023 filing, issued June 7, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | June 7, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other restoration franchises
All restoration franchises
VetCor is also on these lists: home service franchises.