Risk Score
Pending analysis
Investment Range
$184,420 - $506,620
Franchise Fee
$24,950
Total US Locations
236
Business Summary
Woof Gang Bakery operates retail stores that specialize in selling dog treats, pet food, and pet accessories. Additionally, Woof Gang Bakery locations offer professional pet grooming services.
Corporate History
Woof Gang Bakery, Inc. was formed as a Florida limited liability company in May 2007, and later converted to a Florida corporation. The company began offering Woof Gang Bakery franchises in January 2008. From 2007 to 2017, Woof Gang Bakery operated 8 of its own businesses, although it currently does not operate the same type of business that franchisees will run. In May 2022, GSP Woof Gang Holdco, Inc. acquired Woof Gang Bakery, Inc., making it a wholly-owned subsidiary.
Financial Overview
Investment Range
$184,420 - $506,620
Franchise Fee (Low)
$24,950
Franchise Fee (High)
$49,900
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$60,000
Equipment Costs (High)
$315,000
Working Capital
$30,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Woof Gang Bakery corrected an error in its financial statements, reclassifying a $15 million shareholder loan to capital contributions. This change removed associated interest expenses, impacting previously reported notes payable, interest expense, and shareholder's equity. The company also has approximately $5.093 million in net operating loss carryforwards (NOLs) that will not expire.
Financing Details
Woof Gang Bakery does not offer any direct or indirect financing to its franchisees. It also does not guarantee any notes, leases, or other financial obligations for franchisees.
Performance Metrics
Total US Locations
236
Franchised Units
236
Corporate Units
0
Avg Square Footage
1,400
Franchising Since
2008
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
Woof Gang Bakery, Inc. is involved in one recent lawsuit that commenced in January 2024. In this case, Woof Gang Bakery, Inc. is suing MVHF Enterprises, Inc. and others in federal court in Florida to enforce a termination related to the franchisee's material breach of the franchisor's operating standards.
Bankruptcy History
Woof Gang Bakery has no bankruptcy history to disclose in its FDD. Item 4 states that no bankruptcy is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew, Woof Gang Bakery franchisees must be current in payments and not be in material breach of the Franchise Agreement, providing written notice at least four months before the term ends. They must pay a renewal fee equal to 50% of the then-current initial franchise fee for new franchisees, sign the then-current franchise agreement (which may have different terms), provide documentation of continued possession of the Store Premises or obtain an approved substitute, remodel or refurbish the Store, and each Principal Owner must sign a general release.
Training & Support Program
Franchisor Assistance
Before opening, Woof Gang Bakery licenses the use of its Marks and System, designates a protected area, reviews and approves the proposed store site, provides prototype drawings, lists approved suppliers, and offers access to its operations manual. The franchisor also provides an initial training program for the franchisee and their store manager, along with a minimum of 2 days of assistance during the store's opening. On an ongoing basis, Woof Gang Bakery provides advisory services for store operations through manual updates, manages the National Marketing Fund, and offers additional training materials and programs for a fee.
Initial Training Hours
40
Training Location
Orlando, Florida or virtually (online)
Ongoing Support
Woof Gang Bakery provides ongoing advisory services relating to Store operations, including product and service offerings, and general administrative and operating procedures through periodic updates to the Manual. It manages the National Marketing Fund. For an additional fee, Woof Gang Bakery provides periodic training for the franchisee and Store manager, and periodically supplies new or updated training materials.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
full-time
Territory Type
protected
Staff Count
3
Territory Size Requirements
Woof Gang Bakery provides a Protected Area defined by a metes and bounds description or map, encompassing 30 square miles or a minimum residential population of 25,000 people, whichever is less, and with a minimum radius of 0.25 miles.
Staffing Notes
Woof Gang Bakery's estimated staffing includes service labor (groomers and bathers), with groomer costs typically 50% of service Gross Revenue and bathers paid an hourly rate. Retail and manager labor consists of 1 full-time employee and 2 part-time employees. The cost for retail and manager labor generally ranges from $58,000 to $87,600 annually. The managing Principal Owner or a designated Store manager must successfully complete initial training and dedicate full-time effort to actively managing the Store.