What was the marketing and technology revenue for Zoomin Groomin in 2024?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash and Cash Equivalents | $ 71,234 | $ 111,382 | $ 4,894 |
| Inventory | - | 7,308 | 84,180 |
| Accounts Receivable | 386,516 | 212,876 | 161,766 |
| Prepaid Expenses | 1,530 | 1,538 | 28 |
| Income Tax Asset | 712,478 | 385,004 | - |
| Due From Affiliates | 4,819,061 | 2,429,123 | 176,000 |
| Total Current Assets | 5,990,819 | 3,147,231 | 426,868 |
| Other Assets | |||
| Intangible Assets, Net | 66,000 | 72,000 | 78,000 |
| Notes Receivable | 112,937 | 170,063 | 255,386 |
| Total Other Assets | 178,937 | 242,063 | 333,386 |
| TOTAL ASSETS | $ 6,169,756 | $ 3,389,294 | $ 760,254 |
| LIABILITIES & EQUITY | |||
| Current Liabilities | |||
| Accounts Payable | $ 12,509 | $ 83,586 | $ 2,056 |
| Due To Affiliates | - | 45,000 | 171,504 |
| Unearned Revenue | 100,000 | 40,000 | - |
| Deferred Tax Asset | 712,478 | 385,004 | - |
| Deferred Revenue - Current | 1,006,725 | 520,782 | 39,540 |
| Total Current Liabilities | 1,831,712 | 1,074,372 | 213,100 |
| Long-Term Liabilities | |||
| Deferred Revenue | 7,974,307 | 4,125,904 | 1,240,410 |
| Total Long-Term Liabilities | 7,974,307 | 4,125,904 | 1,240,410 |
| Total Liabilities | 9,806,019 | 5,200,276 | 1,453,510 |
| Members' Equity | |||
| Retained Earnings | (3,636,263) | (1,810,982) | (693,256) |
| Members' Equity | (3,636,263) | (1,810,982) | (693,256) |
| TOTAL LIABILITIES & EQUITY | $ 6,169 |
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 marketing and technology revenue for the year 2024 was $383,043. This revenue reflects income generated specifically from marketing and technology-related activities within the Zoomin Groomin franchise system.
For a prospective franchisee, this figure indicates the scale of marketing and technology revenue generation within the company. It is important to understand how these funds are used to support franchisees. This revenue may be derived from fees paid by franchisees for technology platforms, marketing materials, or other related services provided by Zoomin Groomin.
Understanding the trend of this revenue over time is also crucial. The FDD shows that the marketing and technology revenue was $103,849 in 2023 and $10,059 in 2022, indicating substantial growth in this area. A potential franchisee should investigate the reasons for this growth and whether it is sustainable. They should also inquire about the specific marketing and technology services they will receive and how these services will contribute to their business's success.
It is also important to note that while this revenue reflects the franchisor's income, it does not directly translate to a franchisee's profits. Franchisees should focus on understanding their own marketing obligations and costs, as well as the potential return on investment from the franchisor's marketing and technology support.