What was the total amount of distributions to members from 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 were $505,656. This figure reflects the amount of money distributed from Canine Dimensions to its members during that 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 also important to consider whether these distributions impact the company's ability to reinvest in growth or support its franchisees.
It is important to note that the distributions are made to P. Guida, the sole member of the company. This is important because it shows that the company is passing through its profits to its owner. A potential franchisee should consider this when evaluating the financial stability of the company.