What were the total operating expenses for Dog Haus in 2023?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
provides a practical expedient to Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, that permits franchisors that are not public entities to account for preopening services provided to a franchisee as distinct from the franchise license if the services are consistent with those included in a predefined list within ASU 2021-02. Additionally, ASU 2021-02 provides an accounting policy election to recognize pre-opening services as a single performance obligation, which the Company has elected.
Notes to Financial Statements December 31, 2024, 2023 and 2022
Franchise Fees, Royalty Revenue and Development Fees: Franchise fees are nonrefundable and are generally due upon signing of t
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
Based on the 2025 Dog Haus Franchise Disclosure Document, specific details regarding the total operating expenses for Dog Haus in 2023 are not available in the provided excerpts. The document does mention marketing expenses, noting that for the year ended December 31, 2023, marketing fee income was $1,213,271. However, this only represents a portion of the overall operating expenses.
To make an informed decision, a prospective Dog Haus franchisee should request a complete income statement or profit and loss (P&L) statement from the franchisor. This document would provide a detailed breakdown of all revenues, direct costs, and operating expenses incurred by the company.
Understanding the full scope of operating expenses is crucial for assessing the financial health and profitability of Dog Haus. This information will enable potential franchisees to develop realistic financial projections and evaluate the potential return on investment. Further, it would be prudent to compare these expenses with industry benchmarks to determine if Dog Haus's operating costs are in line with similar franchise systems.