What was the net value of fixed assets for Canine Dimensions in 2022?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | 2023 | 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | 406,640 | 245,263 |
| FIXED ASSETS | ||
| Automobile | 31,923 | 31,923 |
| Less: Accumulated Depreciation | (23,271) | (19,200) |
| Net Fixed Assets | 8,652 | 12,723 |
| OTHER ASSETS | ||
| Franchise Costs | 40,329 | 40,329 |
| Security Deposit | 9,800 | - |
| Total Other Assets | 50,129 | 40,329 |
| TOTAL ASSETS | 465,421 | 298,315 |
| LIABILITIES AND MEMBER'S EQUITY |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the net value of fixed assets in 2022 was $12,723. The balance sheet included in the FDD shows the assets, liabilities, and equity of the company for the years 2023 and 2022. Fixed assets are listed as an automobile with a value of $31,923 for both years.
The document also shows accumulated depreciation, which was ($19,200) in 2022. Net fixed assets are calculated by subtracting accumulated depreciation from the original cost of the fixed assets.
For a prospective Canine Dimensions franchisee, understanding the company's asset values and depreciation practices can be helpful in assessing the financial health and stability of the franchisor. It also provides insight into how Canine Dimensions manages its own assets, which may reflect on their approach to supporting franchisees in managing their businesses.