What was the total amount of new deferrals for All Dogs Unleashed in 2024?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
| ended December 31: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Deferred revenue – beginning of year | $ 94,487. | $ 66,413. | |
| Revenue recognized during the year | (19,886) | (21,426) | |
| New deferrals | 20,000. | 49,500. | |
| Deferred revenue – end of year | $ 94,601. | $ 94,487. |
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, the company tracks deferred costs and revenues. For the year 2024, All Dogs Unleashed had new deferrals of revenue totaling $20,000. This indicates the amount of revenue they received but have not yet recognized as earned, likely related to services to be provided in the future.
In addition to deferred revenue, All Dogs Unleashed also tracks deferred costs. However, the excerpt does not provide the amount of new deferrals for deferred costs in 2024. Instead, it shows that there were no new deferrals for deferred costs in 2023, but it does not provide the corresponding figure for 2024.
Prospective franchisees should understand how All Dogs Unleashed accounts for deferred revenue and costs, as this can impact the company's reported financial performance. It is important to ask the franchisor for clarification on the total amount of new deferrals for deferred costs in 2024 to get a complete picture of the company's financial position.