What was the net income (loss) for Zoomin Groomin in 2023?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, the company experienced a net loss in 2023. Specifically, the net income (loss) for Zoomin Groomin in 2023 was $(1,117,726). This figure is part of the company's audited financial statements, reflecting their financial performance for that year. The FDD also includes the net loss for 2024 which was $(1,825,281) and the net loss for 2022 which was $(482,370).

This substantial net loss indicates that Zoomin Groomin's expenses exceeded its revenues in 2023. For a prospective franchisee, this information is crucial as it provides insight into the financial stability and profitability of the franchisor. While a single year's loss doesn't necessarily indicate long-term problems, it warrants further investigation into the company's financial strategies and future plans. It is important to consider the trend of net losses over the three years presented in the FDD.

A potential franchisee should analyze the factors contributing to this loss, such as high operating costs, marketing expenses, or investments in growth. Understanding these factors can help a franchisee assess the risks and opportunities associated with investing in a Zoomin Groomin franchise. It would be prudent to discuss these figures with the franchisor to understand their plan for improving profitability and ensuring the long-term financial health of the company.

Furthermore, the FDD includes a statement from DASH Business Solutions, LLC, an independent auditor, stating that the financial statements of Zoomin Groomin USA LLC present fairly, in all material respects, the financial position of the company 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.