What is the accounting period for Zoomin Groomin?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company uses the accrual basis of accounting, and their accounting period is the 12-month period ending December 31 of each year.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, the company's accounting period is the 12-month period ending on December 31 of each year. This means that Zoomin Groomin's financial year aligns with the calendar year.
For a prospective franchisee, this is important for understanding how Zoomin Groomin tracks and reports its financial performance. Franchisees will likely need to align their own accounting practices with this period for reporting purposes to the franchisor. This standardization helps Zoomin Groomin consolidate financial data across all franchise locations and assess the overall health of the franchise system.
Knowing the accounting period is also crucial for budgeting, financial planning, and tax preparation. Franchisees can use this information to plan their business activities and financial reporting in accordance with Zoomin Groomin's established schedule. This ensures consistency and comparability when evaluating the financial performance of their franchise against the broader Zoomin Groomin network.