What was the total amount of revenues 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 total revenues for the company in 2022 were $205,620. This figure represents the sum of various revenue streams, including franchise fees, marketing and technology revenue, area rep sales revenue, royalty revenue, and interest income. In 2022, franchise fees accounted for $24,545 of the total revenue, while marketing and technology revenue contributed $10,059. Area rep sales revenue amounted to $55,248, and royalty revenue was $92,640. Additionally, interest income added $23,128 to the total revenue.
For a prospective franchisee, understanding the franchisor's revenue streams and their historical performance is crucial. The 2022 revenue figure provides a baseline for assessing the company's growth trajectory and the relative importance of different revenue sources. For instance, the significant contribution of royalty revenue suggests that ongoing support and services to franchisees are a substantial part of Zoomin Groomin's business model.
It's also important to note the expenses incurred by Zoomin Groomin in 2022, which totaled $687,990, resulting in a net loss of $482,370. These expenses include advertising and marketing, area rep expenses, and corporate overhead. While revenue is an important indicator, prospective franchisees should also consider the company's profitability and expense management to evaluate the overall financial health of the franchise system.