DVMmatch Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$77,500 - $129,000
Franchise Fee
$65,000
Total US Locations
4
Business Summary
DVMmatch operates a veterinary hospital brokerage business. DVMmatch helps professionals in the veterinary industry with services such as veterinary partnership agreements, hospital sales and mergers, associate placements, hospital appraisals, and real estate sales. DVMmatch businesses can be run virtually or from a traditional office space, depending on the franchisee's preference.
Corporate History
DVMmatch, LLC was formed in Indiana on December 21, 2020. It does not have any parent companies or predecessors. DVMmatch has an affiliate called DDSmatch Franchise, LLC, which sells franchises for a similar brokerage and consulting business. Another affiliate, Practice Trader, LLC, operates a website for dental service listings. DVMmatch began offering franchises in April 2021 and has never operated the type of business its franchisees will run, nor has it offered franchises in any other industry.
Financial Overview
Investment Range
$77,500 - $129,000
Franchise Fee (Low)
$65,000
Franchise Fee (High)
$105,000
Royalty %
9%
Equipment Costs (Low)
$1,000
Equipment Costs (High)
$2,000
Working Capital
$7,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial statements for DVMmatch, LLC indicate that the franchisor's financial condition raises questions about its ability to provide services and support to franchisees. The auditors noted that management is required to evaluate conditions or events that raise substantial doubt about DVMmatch, LLC's ability to continue as a going concern, and the auditor concludes on this evaluation. This suggests potential financial challenges for DVMmatch, LLC.
Financing Details
DVMmatch does not offer any direct or indirect financing to its franchisees. DVMmatch also does not guarantee any notes, leases, or other financial obligations for franchisees.
Performance Metrics
Total US Locations
4
Franchised Units
4
Corporate Units
0
Franchising Since
2021
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
DVMmatch has no litigation to report in Item 3 of its Franchise Disclosure Document.
Bankruptcy History
DVMmatch has no bankruptcy information to disclose in Item 4 of its Franchise Disclosure Document.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their DVMmatch franchise agreement, franchisees must meet several conditions. They need to sign DVMmatch's then-current franchise agreement, which may have materially different terms. Franchisees must also successfully complete any required renewal or refresher training and sign a general legal release. They are required to pay a $20,000 renewal fee and must have fulfilled all their obligations, not having received three or more default notices in any 24-month period. Additionally, franchisees must not be in default under their current franchise agreement or any other agreement with DVMmatch or its affiliates. DVMmatch must not have decided to withdraw from the franchisee's market, and the franchisee must meet the then-current requirements for new franchisees.
Training & Support Program
Franchisor Assistance
Before opening, DVMmatch provides advice and guidance on starting the business, including listing the franchisee's business on its company website. DVMmatch also offers mandatory initial training for one person, covering operations and procedures, through meetings, materials, and other media. This training includes access to an Operations Manual and continuing training courses. After the business opens, DVMmatch assists franchisees in developing services and products, and helps with administrative, bookkeeping, accounting, or inventory control procedures, though additional fees may apply for some of these services. DVMmatch responds to operational questions and provides support on a reasonable basis. Additional training is available upon request or if DVMmatch deems it necessary, potentially for an extra fee plus travel expenses. Franchisees also receive updated lists of approved suppliers and updated materials for the Operations Manual. DVMmatch directs all leads arising within a franchisee's territory to them, and designs or approves marketing and promotional materials. Individualized assistance is provided in person, by phone, email, fax, or mail, subject to personnel availability. Franchisees will also have access to system-wide resources such as changes and improvements to products and services, written materials like newsletters, and research and development for new programs. DVMmatch may negotiate purchase agreements for discounted prices and holds periodic national conferences, which franchisees are not required to attend more than once a year. DVMmatch maintains a website that lists all franchisees in good standing.
Initial Training Hours
12
Training Location
Indianapolis, Indiana
Ongoing Support
After opening, DVMmatch provides ongoing support by assisting franchisees in developing services and products, and helps with administrative, bookkeeping, accounting, or inventory control procedures, though additional fees may apply for some of these services. DVMmatch responds to operational questions and offers support on a reasonable basis. Additional training is available upon request or if DVMmatch deems it necessary, potentially for an extra fee plus travel expenses. Franchisees also receive updated lists of approved suppliers and updated materials for the Operations Manual. DVMmatch directs all leads arising within a franchisee's territory to them, and designs or approves marketing and promotional materials. Individualized assistance is provided in person, by phone, email, fax, or mail, subject to personnel availability. Franchisees will have access to system-wide resources like changes and improvements to products and services, written materials such as newsletters, research and development for new programs, and negotiated purchase agreements for discounted prices with vendors. DVMmatch also holds periodic national conferences, which franchisees are not required to attend more than once a year, and maintains a website that lists all franchisees in good standing.
Franchise Requirements
Industry Experience Required
Yes
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
Yes
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
exclusive
Territory Size Requirements
DVMmatch franchisees receive an exclusive territory defined by the political boundaries of specific counties that are mutually agreed upon when the franchise agreement is signed. The document does not specify a minimum or maximum number of counties, population size, or other metrics for defining the territory's size beyond being county-based.
Staffing Notes
DVMmatch requires the franchisee to personally participate in the direct operation and management of their business, or to have a manager who has satisfactorily completed DVMmatch's training program directly supervise operations at all times. Any managers or staff designated by DVMmatch, whether affiliated or employed by the franchisee, must sign a confidentiality and non-competition agreement. There are no requirements for other persons involved in the business to own any equity interest in the business.