What was the net change in cash for Zoomin Groomin in 2022?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net Change in Cash | (40,148) | 106,488 | (10,915) |
| Cash - Beginning of Period | 111,382 | 4,894 | 15,809 |
| Cash - End of Period | $ 71,234 | $ 111,382 | $ 4,894 |
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 net change in cash for the company in 2022 was a decrease of $10,915. This indicates that Zoomin Groomin's cash balance decreased during that year. The document also provides the beginning and ending cash balances for 2022. The cash at the beginning of the period was $15,809, and the cash at the end of the period was $4,894.
This information is crucial for potential franchisees as it provides insight into the financial performance and cash flow management of Zoomin Groomin. A decrease in net cash could be a point of concern, prompting further investigation into the reasons behind the decrease and the company's strategies for improving cash flow. It's important to consider this figure in conjunction with other financial data provided in the FDD, such as revenue, expenses, and liabilities, to get a comprehensive understanding of the company's financial health.
Prospective franchisees should also compare these figures with industry benchmarks and the performance of other franchise systems to assess the relative financial stability of Zoomin Groomin. Additionally, it would be prudent to inquire with the franchisor about the factors that contributed to the net decrease in cash during 2022 and what measures have been taken to address any underlying issues. Understanding the context behind these numbers is essential for making an informed investment decision.