For what period are the financial statements of Zoomin Groomin USA LLC presented?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
The Company uses the accrual basis of accounting, and their accounting period is the 12-month period ending December 31 of each year.
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 include balance sheets as of December 31, 2024. The related statements of operations, members' equity, and cash flows are presented for the three years then ended.
This means that the financial statements provide a snapshot of the company's assets, liabilities, and equity as of the end of 2024, along with a view of its financial performance over the preceding three years. The auditor's report indicates that these financial statements have been audited by DASH Business Solutions, LLC, and they present fairly the financial position, results of operations, and cash flows of Zoomin Groomin USA LLC in accordance with generally accepted accounting principles.
Furthermore, the notes to the financial statements clarify that Zoomin Groomin uses the accrual basis of accounting, with an accounting period that aligns with the calendar year, ending on December 31. This is a standard practice, ensuring consistency in financial reporting. The financial statements also rely on estimates made by management, which is typical, but it's important to recognize that actual results could differ from these estimates. As a prospective franchisee, understanding the basis and scope of these financial statements is crucial for assessing the financial health and stability of Zoomin Groomin.