What interest rate does Zoomin Groomin charge on notes receivable from franchisees?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
For certain of the Company's financial instruments, including cash and cash equivalents, accounts receivable, long term notes receivable, accounts payable and accrued expenses, the carrying amounts approximate fair value due to their short maturities.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
The 2025 Zoomin Groomin FDD does not specify the interest rate charged on notes receivable from franchisees. While the document mentions 'long term notes receivable' in the context of financial instruments, it does not provide any specific interest rates or terms associated with these notes.
For a prospective Zoomin Groomin franchisee, this means that the FDD alone does not provide enough information to understand the potential costs associated with any financing arrangements offered by Zoomin Groomin.
It is important for a potential franchisee to ask Zoomin Groomin about the interest rates, terms, and conditions of any notes receivable or financing options that may be available. Understanding these details is crucial for assessing the overall financial feasibility of investing in a Zoomin Groomin franchise.