What was the reported cash and cash equivalents for Zoomin Groomin as of December 31, 2022?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
r, in our judgment, 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 for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters the auditor identified during the audit.
DASH Business Solutions, LLC
DASH Business Solutions, LLC Royal Palm Beach, FL April 4, 2025
Balance Sheets December 31
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
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 company's cash and cash equivalents as of December 31, 2022, were reported as $4,894. This figure represents the total amount of readily available cash and assets that can be quickly converted to cash that Zoomin Groomin had on hand at the end of 2022.
For a prospective franchisee, understanding the franchisor's cash position can be important. A low cash balance, as was the case for Zoomin Groomin in 2022, could indicate potential financial instability or a need for the franchisor to seek additional funding. This might affect the level of support and resources Zoomin Groomin can provide to its franchisees.
It's also worth noting the trend in Zoomin Groomin's cash and cash equivalents over the three years presented in the FDD. The cash and cash equivalents increased to $111,382 in 2023 and then decreased to $71,234 in 2024. Reviewing these trends can give potential franchisees a better understanding of the financial trajectory of Zoomin Groomin. Franchisees should consider these figures in the context of Zoomin Groomin's overall financial health and consult with a financial advisor to assess any potential risks or opportunities.