What were the distributions to the member for Canine Dimensions in the year ended December 31, 2023?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| P. Guida | TOTAL | |
|---|---|---|
| Balance-January 1, 2023 | 187,278 | 187,278 |
| Contributions | 5,000 | 5,000 |
| Distributions to Member's | (145,075) | (145,075) |
| Net Income | 293,881 | 293,881 |
| Balance-December 31, 2023 | 341,084 | 341,084 |
| Contributions from Member | 3,124 | 3,124 |
| Distributions to Member | (161,720) | (161,720) |
| Net Income | 228,665 | 228,665 |
| Balance-December 31, 2024 | 411,153 | 411,153 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the distributions to the member for the year ending December 31, 2023, totaled $145,075. This figure represents the amount of money distributed from the company to its member, P. Guida, during that fiscal year. Understanding these distributions is crucial for prospective franchisees as it provides insight into how Canine Dimensions manages its finances and shares profits.
These distributions are separate from contributions made by the member and the net income of the company. The FDD shows that P. Guida also made contributions of $5,000 to the company during the same period, while the net income for Canine Dimensions was $293,881. These figures, taken together, provide a more complete picture of the financial transactions between the company and its member.
For a potential franchisee, this information highlights the financial relationship between Canine Dimensions and its owner. It's important to consider these figures in the context of the overall financial health of the company. While distributions are a normal part of business operations, it's essential to ensure that they are sustainable and do not negatively impact the company's ability to support its franchisees. Prospective franchisees should discuss these distributions with Canine Dimensions to understand the company's long-term financial strategy and stability.