What was the cash balance at the beginning of the year for Hydrodog in 2024?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE | STATE REGULATORY AGENCY | AGENT TO RECEIVE PROCESS IN STATE, IF DIFFERENT THAN THE STATE REGULATORY AGENCY | |
|---|---|---|---|
| Virginia | State Corporation Commission 1300 East Main Street 9th Floor Richmond, VA 23219 (804) 371-9051 | Clerk State Corporation Commission 1300 East Main Street, 1st Floor Richmond, VA 23219 | |
| Washington | Department of Financial Institutions Securities Division P.O. Box 9033 Olympia, WA 98507-9033 (360) 902-8760 | Department of Financial Institutions 150 Israel Road SW Tumwater, WA 98501 | |
| Wisconsin | Division of Securities Department of Financial Institutions Post Office Box 1768 Madison, Wisconsin 53701 (608) 266-2801 |
| | 2024 | 2023
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the specific cash balance at the beginning of 2024 is not disclosed. While the document includes financial statements, it does not provide a breakdown of the cash balance at the start of the year. Instead, the FDD focuses on the overall financial health, accounting practices, and revenue recognition policies of Legacy Franchisors LLC D/B/A Hydrodog. The document does mention that the company maintains cash balances at one commercial bank, which at times may exceed the FDIC insured deposit limit of $250,000.
For a prospective franchisee, understanding the company's cash flow and liquidity is crucial. Although the exact beginning cash balance for 2024 is not stated, the FDD offers insights into how Hydrodog manages its finances, including its accounting methods for leases and revenue. It also highlights the company's policy on handling cash deposits exceeding insured limits, indicating a need for careful cash management.
To gain a clearer picture of Hydrodog's financial position at the start of 2024, a potential franchisee should consider asking the franchisor directly for this information. Reviewing the complete financial statements and understanding the trends in cash balances over time would provide a more comprehensive view of the company's financial stability and its ability to support its franchisees.