What is the name of the auditing firm responsible for auditing Zoomin Groomin's financial statements?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
VA 23456 | 239-350- 2007 | Note: If you buy this franchise, your contact information may be disclosed to other buyers when you leave the Franchised System.
Exhibit F- Financial Statements
FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT
FOR THE THREE YEARS ENDED DECEMBER 31, 2024
Table of Contents
| Independent Auditor's Report | 1-2 |
|---|---|
| Balance Sheets | 3 |
| Statements of Operations | 4 |
| Statements of Changes in Members' Equity | 5 |
| Statements of Cash Flows | 6 |
| Notes to Financial Statements | 7-11 |
DASH Business Solutions, LLC
Independent Auditor's Report
To the Members of Zoomin Groomin USA LLC
Opinion
We have audited the accompanying financial statements of Zoomin Groomin USA LLC, which comprise the balance sheets as of December 31, 2024, and the related statements of operations, members' equity, and cash flows for the three years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Zoomin Groomin USA LLC as of December 31, 2024, and the results of its operations and its cash flows for the three years then ended, in accordance with the generally accepted accounting principles in the United States of America.
Basis for Opinion
The audit was conducted in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. The auditor is required to be independent of Zoomin Groomin USA LLC and meet other ethical responsibilities in accordance with the relevant ethical requirements relating to the audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with generally accepted accounting principles in the Unites States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether 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 within one year after the date that the financial statements are available to be issued.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists.
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 financial statements of Zoomin Groomin USA LLC were audited by DASH Business Solutions, LLC. The Independent Auditor's Report was addressed to the Members of Zoomin Groomin USA LLC. DASH Business Solutions, LLC issued an opinion stating that the financial statements present fairly the financial position of Zoomin Groomin USA LLC as of December 31, 2024, and the results of its operations and its cash flows for the three years then ended, in accordance with generally accepted accounting principles in the United States of America.
The audit was conducted following generally accepted auditing standards in the United States of America, requiring the auditor to be independent and meet ethical responsibilities. DASH Business Solutions, LLC believes the audit evidence obtained was sufficient and appropriate to provide a basis for their audit opinion. The audit firm's responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement, issuing an auditor's report including their opinion, exercising professional judgment, assessing risks of material misstatement, and evaluating the appropriateness of accounting policies used by Zoomin Groomin's management.
Prospective franchisees should understand the role of an independent auditor in verifying the financial health of a franchise system. An unqualified opinion, as issued by DASH Business Solutions, LLC, generally indicates that the financial statements are presented fairly. However, it is important to note that an audit provides reasonable, but not absolute, assurance. Franchisees may want to further investigate the auditor's qualifications and reputation to gain additional comfort.
It is typical for franchisors to have their financial statements audited by an independent firm to provide transparency to potential franchisees. This audit helps ensure that the financial information provided in the FDD is reliable and complies with accounting standards. Franchisees should carefully review the audited financial statements and consult with a financial advisor to assess the financial stability and performance of Zoomin Groomin.