How much did a member contribute to Canine Dimensions in 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, a member contributed $5,000 to Canine Dimensions in 2023. Additionally, the member received distributions of $145,075 and the net income was $293,881. The balance on January 1, 2023 was $187,278, and the balance on December 31, 2023 was $341,084.
For a prospective franchisee, this indicates the financial activity and health of Canine Dimensions. It shows the level of investment by its members and how profits are distributed. Understanding these figures can help a franchisee assess the financial stability and potential returns from the franchise.
It's important to note that these figures reflect the activity of a single member, P. Guida, and may not be representative of all franchisees or future performance. Reviewing the complete financial statements and understanding the context of these contributions and distributions is crucial for making an informed investment decision.