Franchise Facts Report → compare → PSP vs PetSmart Veterinary Services
PSP vs PetSmart Veterinary Services
Two pet services franchises, compared on the numbers their own Franchise Disclosure Documents put on record — investment, fees, Item 19 earnings, outlet churn, and litigation. Not marketing copy.
| PSP | PetSmart Veterinary Services | |
|---|---|---|
| Total initial investment FDD Item 7 | $540,520 – $1,975,005 | $190,650 – $274,000 |
| Initial franchise fee FDD Item 5 | $49,900 | $10,000 |
| Royalty FDD Item 6 | 2% | 7% |
| Item 19 earnings disclosed FDD Item 19 | Yes | Not disclosed |
| Avg unit revenue (headline) FDD Item 19 | $2,666,693 | — |
| Franchised outlets FDD Item 20 | 502 | 38 |
| Net outlet change (latest yr) FDD Item 20 | +17 | +27 |
| Closure rate FDD Item 20 | 1.6% | 54.5% |
| Franchisee lawsuits FDD Item 3 | 2 | disclosed |
| Risk level our read | Medium | Medium |
| FDD year registration | 2025 | 2025 |
Are PSP and PetSmart Veterinary Services the same company?
No — PSP and PetSmart Veterinary Services are franchised by separate companies. PSP's franchisor is PSP Franchise Operations SPV, LLC; PetSmart Veterinary Services's is PetSmart Veterinary Services, LLC. Each registers and files its own Franchise Disclosure Document, and you would be signing with a different entity depending on which you chose. Note that a registry filing names the franchisor, not necessarily its ultimate parent — two brands owned by the same parent company can still have separate franchisors.
Cost to open
PetSmart Veterinary Services is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $190,650 – $274,000, against $540,520 – $1,975,005 for PSP.
How much does each make? (Item 19)
Only PSP disclosed earnings: it makes an Item 19 financial performance representation (headline average unit revenue $2,666,693), while PetSmart Veterinary Services's most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Closures & failure rate
PSP reports 502 franchised outlets, net change +17 in the latest reported year, a 1.6% closure rate (FDD Item 20). PetSmart Veterinary Services reports 38 franchised outlets, net change +27 in the latest reported year, a 54.5% closure rate (FDD Item 20). Outlet churn — closures, terminations, non-renewals — is the closest thing an FDD has to a failure rate; the full report puts both brands' churn against pet services medians.
Litigation
PSP discloses 2 franchisee-vs-franchisor proceedings in FDD Item 3. PetSmart Veterinary Services discloses litigation in FDD Item 3 (case detail in the full report).
This page is the headline numbers. The Deep report compares up to three brands on the complete FDD record — every fee line, the actual Item 19 figures and what they represent, each lawsuit, and churn benchmarked against pet services peers.
Only looking at one of them?
PSP vs PetSmart Veterinary Services — frequently asked
Are PSP and PetSmart Veterinary Services the same company?
No — PSP and PetSmart Veterinary Services are franchised by separate companies. PSP's franchisor is PSP Franchise Operations SPV, LLC; PetSmart Veterinary Services's is PetSmart Veterinary Services, LLC. Each registers and files its own Franchise Disclosure Document, and you would be signing with a different entity depending on which you chose. Note that a registry filing names the franchisor, not necessarily its ultimate parent — two brands owned by the same parent company can still have separate franchisors.
What is the difference between PSP and PetSmart Veterinary Services?
PSP and PetSmart Veterinary Services are pet services franchises from different franchisors (PSP Franchise Operations SPV, LLC and PetSmart Veterinary Services, LLC). PetSmart Veterinary Services is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $190,650 – $274,000, against $540,520 – $1,975,005 for PSP. Only PSP disclosed earnings: it makes an Item 19 financial performance representation (headline average unit revenue $2,666,693), while PetSmart Veterinary Services's most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Is PSP more profitable than PetSmart Veterinary Services?
Only PSP disclosed earnings: it makes an Item 19 financial performance representation (headline average unit revenue $2,666,693), while PetSmart Veterinary Services's most recent FDD makes none. That asymmetry is itself a data point: one franchisor puts its unit economics on paper, the other doesn't.
Which is cheaper to open — PSP or PetSmart Veterinary Services?
PetSmart Veterinary Services is the cheaper franchise to open: its FDD Item 7 puts the total initial investment at $190,650 – $274,000, against $540,520 – $1,975,005 for PSP.
Is PSP or PetSmart Veterinary Services growing faster?
PSP reports 502 franchised outlets, net change +17 in the latest reported year, a 1.6% closure rate (FDD Item 20). PetSmart Veterinary Services reports 38 franchised outlets, net change +27 in the latest reported year, a 54.5% closure rate (FDD Item 20).
Go deeper on each brand
Pet services rankings
Figures are as disclosed in each brand's most recent registered FDD (PSP 2025, PetSmart Veterinary Services 2025). “—” means the FDD does not disclose it or the table did not parse cleanly — never an estimate.