What was the total amount of Zoomin Groomin's income tax asset in 2023?
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 income tax asset in 2023 was $385,004. This figure is part of the company's assets, which totaled $3,389,294 for that year.
An income tax asset typically arises when a company has overpaid its taxes or has tax credits that can be used to reduce future tax liabilities. For a prospective Zoomin Groomin franchisee, this indicates the company's financial management and tax planning strategies.
It's important to note that the income tax asset is a component of the overall financial health of Zoomin Groomin. Franchisees should consider this figure in conjunction with other financial data, such as revenues, expenses, and liabilities, to gain a comprehensive understanding of the company's financial stability and performance.