What was the member's equity for Canine Dimensions in 2023?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit B are our audited financial statements for 2024, 2023, and 2022. Our fiscal year ends on December 31.
EXHIBIT B
FINANCIAL STATEMENT
CANINE DIMENSIONS FRANCHISING LLC
FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2024 AND 2023 with Independent Auditor's Report
CONTENTS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, Item 21 includes the company's financial statements. Specifically, the document contains audited balance sheets, statements of revenue, expenses, changes in member's equity, and cash flow statements for the years 2024 and 2023. However, the specific value of the member's equity for 2023 is not present in the provided excerpts.
While the excerpts confirm that financial statements exist and cover the relevant period, the actual figures are missing. The financial statements would typically show the assets, liabilities, and equity of Canine Dimensions at the end of the year. Member's equity represents the owner's stake in the company, calculated as assets minus liabilities.
A prospective franchisee should carefully review the full audited financial statements in Item 21 of the FDD to understand Canine Dimensions' financial health and performance. Since the exact member's equity for 2023 is not detailed in the provided excerpts, it is essential to request this information from the franchisor to make an informed investment decision.