What was the technology expense for Zoomin Groomin in 2022?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
0,782 | 39,540 | | Total Current Liabilities | 1,831,712 | 1,074,372 | 213,100 | | | | | | | Long-Term Liabilities | | | | | Deferred Revenue | 7,974,307 | 4,125,904 | 1,240,410 | | Total Long-Term Liabilities | 7,974,307 | 4,125,904 | 1,240,410 | | Total Liabilities | 9,806,019 | 5,200,276 | 1,453,510 | | Members' Equity | | | | | Retained Earnings | (3,636,263) | (1,810,982) | (693,256) | | Members' Equity | (3,636,263) | (1,810,982) | (693,256) | | TOTAL LIABILITIES & EQUITY | $ 6,169,756 | $ 3,389,294 | $ 760,254 |
Statements of Operations For The Three Years Ended December 31
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues | |||
| Franchise Fees | $ 496,101 | $ 260,076 | $ 24,545 |
| Marketing & Technology Revenue | 383,043 | 103,849 | 10,059 |
| Area Rep Sales Revenue | 485,389 | 484,754 | 55,248 |
| Royalty Revenue | 1,420,950 | 376,630 | 92,640 |
| Other Income | 40,000 | 113,749 | - |
| Interest Income | 73,831 | 57,843 | 23,128 |
| Total Revenues | 2,899,314 | 1,396,901 | 205,620 |
| Expenses | |||
| Advertising and Marketing | 919,283 | 280,833 | 96,532 |
| Amortization Expense | 6,000 | 6,000 | 6,000 |
| Area Rep Expense | 1,658,376 | 568,628 | 74,059 |
| Commissions and Consulting | 167,473 | 198,260 | 9,750 |
| Contract Labor | 48,517 | 4,025 | 3,750 |
| Filing Fees | 8,569 | 7,905 | 5,951 |
| Insurance Expense | 7,492 | 5,368 | 4,203 |
| Lease Expense | 27,258 | - | - |
| Legal and Professional | 68,861 | 12,145 | 10,294 |
| Licenses & Fees | 175 | 601 | 535 |
| Meal Expense | 11,695 | 10,425 | 5,372 |
| Meeting Expense | 832 | 2,027 | 10,737 |
| Office Expense |
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 technology expense for the company in 2022 was $33,437. This figure reflects the costs Zoomin Groomin incurred to maintain and improve its technological infrastructure during that year.
For a prospective franchisee, understanding the franchisor's technology expenses can provide insight into the level of investment Zoomin Groomin makes in its systems. These systems may include software, online platforms, or other digital tools that franchisees will be required to use. A higher technology expense might indicate a commitment to innovation and providing franchisees with up-to-date resources, while a lower expense could suggest reliance on older systems.
It's important for potential franchisees to consider how technology impacts their daily operations and customer experience. They should inquire about the specific technologies they will be required to use, the associated costs (if any), and the support and training provided by Zoomin Groomin. Additionally, understanding the technology roadmap and future investments can help franchisees assess the long-term value and competitiveness of the franchise.