What was the total amount of Zoomin Groomin's accounts payable in 2024?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| LIABILITIES & EQUITY | |||
| Current Liabilities | |||
| Accounts Payable | $ 12,509 | $ 83,586 | $ 2,056 |
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 accounts payable totaled $12,509 in 2024. This figure represents the amount Zoomin Groomin owed to its suppliers and other creditors at the end of the fiscal year. Reviewing this amount in relation to previous years and to Zoomin Groomin's overall liabilities can provide insight into the company's short-term financial obligations.
For a prospective franchisee, understanding the franchisor's accounts payable can be useful in assessing the financial health and stability of the company. A significant increase in accounts payable could indicate potential cash flow issues or difficulties in meeting its financial obligations. Conversely, a stable or decreasing level of accounts payable may suggest sound financial management.
It's important to note that accounts payable is just one aspect of a company's financial picture. A comprehensive analysis would involve examining other financial statements, such as the balance sheet, income statement, and cash flow statement, as well as considering industry-specific benchmarks and trends. Consulting with a financial advisor is recommended to fully understand the financial implications for a potential franchisee.