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What was the total amount of accounts payable for Dog Haus in 2023?

Dog_Haus Franchise · 2025 FDD

Answer from 2025 FDD Document

al plans, interior and exterior design and layout, training, marketing and sales techniques, and opening assistance, which substantially completes their performance obligations under the franchise agreement. As of December 31, 2024 and 2023, deferred reve

Source: Item 23 — RECEIPTS (FDD pages 87–328)

What This Means (2025 FDD)

According to Dog Haus's 2025 Franchise Disclosure Document, the total accounts payable for 2023 was $60,238. This figure represents the amount of money Dog Haus owed to its vendors and suppliers at the end of the 2023 fiscal year. Accounts payable are short-term liabilities that Dog Haus is obligated to pay within a specific period, usually within a year.

Understanding the accounts payable figure can be important for prospective franchisees as it provides insight into Dog Haus's financial health and its ability to manage its short-term obligations. A significant increase in accounts payable could indicate potential cash flow issues or a change in payment practices with suppliers. Conversely, a low accounts payable balance might suggest efficient financial management.

It's also worth noting that as of December 31, 2023, four vendors accounted for a substantial portion of Dog Haus's total accounts payable, specifically 33%, 25%, 16%, and 11%, respectively. This concentration of payables with a few key vendors highlights the importance of maintaining good relationships with these suppliers to ensure a smooth supply chain and favorable payment terms. Franchisees may want to inquire about these vendor relationships and how they might impact their own operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.