How much cash was paid for interest by Zoomin Groomin in 2023?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Supplementary Disclosures Of Cash Flows | |||
| Cash Paid For Interest | $ - | $ - | $ - |
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 paid for interest in 2023 was $0. This information is found in the Supplementary Disclosures Of Cash Flows section of the financial statements. The FDD also shows that Zoomin Groomin paid $0 for interest in 2022 and 2024.
This indicates that Zoomin Groomin did not have any significant interest expenses during these years. For a prospective franchisee, this could suggest that the company has been managing its finances in a way that minimizes interest payments, possibly by avoiding debt or effectively managing its debt obligations.
However, it is important to note that past financial performance is not indicative of future results. A potential franchisee should still carefully review the entire financial section of the FDD and consult with a financial advisor to fully understand the financial health and stability of Zoomin Groomin.