How much was distributed to members by Canine Dimensions in 2022?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| P. Guida | TOTAL | |
|---|---|---|
| Balance-January 1, 2022 | 483,569 | 483,569 |
| Contributions | - | - |
| Distributions to Member's | (505,656) | (505,656) |
| Net Income | 209,365 | 209,365 |
| Balance-December 31, 2022 | 187,278 | 187,278 |
| Contributions from Member | 5,000 | 5,000 |
| Distributions to Member | (145,075) | (145,075) |
| Net Income | 293,881 | 293,881 |
| Balance-December 31, 2023 | 341,084 | 341,084 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the total distributions to members in 2022 was $505,656. This figure reflects the amount of money Canine Dimensions distributed to its members during that fiscal year.
For a prospective franchisee, understanding these distributions is crucial. It provides insight into how Canine Dimensions manages its finances and shares profits with its members. High distributions could indicate strong profitability, but it's important to consider this in conjunction with other financial metrics such as net income and revenue.
It's also worth noting that the distributions are made to P. Guida, suggesting that P. Guida is the sole member. This concentration of ownership and distributions could have implications for decision-making and the overall financial health of the franchise system. A potential franchisee should investigate the reasons behind these distributions and how they might affect the franchise's long-term stability and growth.
Reviewing the complete financial statements, including the balance sheets and income statements, will provide a more comprehensive understanding of Canine Dimensions's financial performance and the sustainability of these distribution practices.