What was the total member's equity balance for Canine Dimensions as of December 31, 2024?
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, the total member's equity balance as of December 31, 2024, was $411,153. The member in question is P. Guida, and the balance listed is the total for the company.
To arrive at this balance, Canine Dimensions started the year 2023 with a balance of $341,084. During 2024, the company received contributions from the member totaling $3,124 and distributed $161,720 to the member. The net income for the year was $228,665.
Understanding the changes in member's equity can be crucial for a prospective franchisee. It provides insight into how the company's profits are distributed and how the equity is managed. Reviewing these figures over several years, as presented in the FDD, can reveal trends in profitability and distribution practices, which may influence a franchisee's decision.