What was the cash balance at the end of the period for Zoomin Groomin in 2024?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
r, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Zoomin Groomin USA LLC's ability to continue as a going concern for a reasonable period of t
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 cash and cash equivalents at the end of 2024 was $71,234. This is a decrease from the $111,382 the company held in cash and cash equivalents at the end of 2023. In 2022, Zoomin Groomin had $4,894 in cash and cash equivalents.
Cash and cash equivalents are considered current assets. Current assets are assets that can be converted to cash within one year. These assets are important because they can be used to fund day-to-day operations and cover short-term liabilities.
A prospective franchisee should consider the franchisor's cash position as an indicator of financial health. While a decrease in cash from one year to the next is not necessarily negative, it is important to understand the reasons for the change. For example, the company may have invested in growth initiatives or experienced unexpected expenses. A healthy cash balance can provide Zoomin Groomin with a buffer to navigate economic downturns and support its franchisees.