What was the net income for Dog Haus in 2022, as shown in the Franchise Information exhibit?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
The Disclosure Document is amended as follows:
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- The Special Risks Page is amended to include the following:
Initial Investment. The franchisee will be required to make an estimated initial investment that exceeds the franchisor's stockholder's equity, which is a deficit of $1,619,826 as of December 31, 2022. This means that the franchisor may not have the financial resources to provide services or support to you.
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
I am unable to provide the net income for Dog Haus in 2022. While Exhibit I of the 2025 Franchise Disclosure Document is titled "Financial Statements," the provided excerpts do not contain the actual income statement or balance sheet data that would include net income figures.
However, the Hawaii addendum to the disclosure document does state that as of December 31, 2022, Dog Haus had a stockholder's equity deficit of $1,619,826. The addendum goes on to state that this means that Dog Haus may not have the financial resources to provide services or support to new franchisees.
A prospective franchisee should review the complete financial statements within the FDD and directly ask Dog Haus for clarification on their net income, overall financial stability, and ability to support franchisees given the reported equity deficit.