What was the total amount of Zoomin Groomin's notes receivable in 2023?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, the company's notes receivable in 2023 totaled $170,063. This figure represents the amount of money owed to Zoomin Groomin by its franchisees or other parties through promissory notes.

Notes receivable typically arise when a franchisor provides financing to franchisees, often to help them cover initial franchise fees or provide working capital. These notes usually have specific terms, including interest rates and due dates, as is the case with Zoomin Groomin, which charges a fixed interest rate of 12% annually on its notes.

For a prospective Zoomin Groomin franchisee, understanding the notes receivable balance can provide insight into the financial relationships between the franchisor and its franchisees. It can also indicate how actively Zoomin Groomin is involved in financing its franchisees' ventures. A high notes receivable balance might suggest that many franchisees rely on franchisor financing, which could be a risk factor to consider. Conversely, it could also indicate that the franchisor is willing to invest in its franchisees' success.