What was the cash and cash equivalents amount for Zoomin Groomin in 2022?
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 company's cash and cash equivalents in 2022 were $4,894. This figure represents the amount of readily available funds the company had at its disposal at the end of that fiscal year. Cash equivalents are defined as short-term, highly liquid investments that can be easily converted into cash.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A low cash balance, as seen in 2022, could indicate potential financial instability or a need for the franchisor to seek additional funding. This might affect the level of support and resources Zoomin Groomin can provide to its franchisees.
However, it's important to consider this figure in the context of the company's overall financial performance and trends. The FDD shows that Zoomin Groomin's cash and cash equivalents increased significantly in the following years, reaching $111,382 in 2023 and $71,234 in 2024. This suggests that the company's financial situation has improved since 2022. A potential franchisee should investigate the reasons behind these fluctuations and assess the long-term financial health of the franchisor.