What was the total revenue for Canine Dimensions in 2023?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
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Concentrations of Credit Risks and Credit Losses
All of the Company's revenue is derived primarily from the franchisees, located throughout the United States, and not the general public. The Company is dependent upon this source of income for its ongoing operations.
The Association maintains cash account balances at financial institutions, which, may at times during the year may exceed the Federal Deposit Insurance Corporation (FDIC) limit of $250,000. The Association continues to evaluate this risk and believes it is not exposed to any significant credit risks on its cash balances at the date the financial statements were available to be issued.
At December 31, 2024 the Association has evaluated assessments receivable and believes all assessments are co
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
I am unable to provide the total revenue for Canine Dimensions in 2023, based on the 2025 Franchise Disclosure Document. While the document includes financial statements and an independent auditor's report that covers the years 2023 and 2022, it does not explicitly state the total revenue amount for 2023. The auditor's report confirms that the financial statements, including the statements of revenues, expenses, and changes in member's equity and cash flows, were audited for the years ending December 31, 2023, and 2022. However, the specific revenue figure is not disclosed in the provided excerpts.
To obtain this information, a prospective Canine Dimensions franchisee should carefully review the complete financial statements within Item 21 of the FDD. If the revenue figure is not present, they should directly ask the franchisor for the total revenue earned during 2023. Understanding the franchisor's revenue can provide insights into the overall financial health and stability of the Canine Dimensions franchise system.
It is important to note that the FDD does mention that Canine Dimensions derives its revenue primarily from franchisees located throughout the United States. The company's dependence on this income source highlights the importance of a healthy and active franchise network. Additionally, the FDD discusses the company's accounting practices, such as revenue recognition and the treatment of franchise costs, which can be useful for a prospective franchisee to understand how Canine Dimensions manages its finances.