What was the retained earnings for Zoomin Groomin in 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 | |--------------------------
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
Based on Zoomin Groomin's 2025 Franchise Disclosure Document, the provided financial statement data focuses on assets, not retained earnings. The balance sheets provided show the company's assets for the years 2022, 2023, and 2024.
Specifically, the data includes a breakdown of current assets such as cash and cash equivalents, inventory, accounts receivable, prepaid expenses, income tax asset, and due from affiliates. It also lists other assets like intangible assets and notes receivable. For example, in 2022, Zoomin Groomin had $4,894 in cash and cash equivalents, $84,180 in inventory, and $161,766 in accounts receivable.
However, the excerpt does not include information on liabilities, equity, or retained earnings. A prospective franchisee would need to review the complete financial statements within the FDD or request this information from Zoomin Groomin to fully understand the company's financial position and profitability.