How much was distributed to members of 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' 2025 Franchise Disclosure Document, the total distributions to members for the year ending December 31, 2023, was $145,075. This figure reflects the amount of money or other assets distributed from Canine Dimensions to its members during that fiscal year. The distribution was made to P. Guida.
For a prospective franchisee, this information provides insight into how Canine Dimensions manages its finances and distributes profits. A consistent history of distributions could indicate financial stability and profitability, while fluctuations might warrant further investigation. Understanding the distribution trends can help a franchisee assess the potential returns on their investment and the overall financial health of the franchise.
It's important to note that distributions are not guaranteed and can vary based on the company's performance, investment strategies, and other financial considerations. A potential franchisee should review these figures in the context of the company's overall financial statements and consult with a financial advisor to fully understand the implications.