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What was the total expenses for Zoomin Groomin in 2022?

Zoomin_Groomin Franchise · 2025 FDD

Answer 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 expenses for the company in 2022 were $687,990. This figure encompasses various operational costs, including advertising and marketing, amortization, area representative expenses, commissions and consulting fees, contract labor, filing fees, insurance, lease expenses, legal and professional fees, licenses and fees, meal expenses, meeting expenses, office expenses, corporate and marketing overhead, payroll taxes, postage and shipping, salaries and wages, technology expenses, training expenses, travel expenses, and van sales expenses.

For a prospective franchisee, understanding these expenses is crucial as it provides insight into the financial health and operational efficiency of Zoomin Groomin. The detailed breakdown of expenses allows potential franchisees to assess where the company is allocating its resources and identify areas where costs might be optimized or reduced. This information is vital for conducting a thorough financial analysis and making informed decisions about investing in a Zoomin Groomin franchise.

It's important to note that these expenses are specific to the franchisor, Zoomin Groomin USA LLC, and may not directly reflect the expenses a franchisee will incur in operating their own franchise unit. However, understanding the franchisor's cost structure can provide a benchmark for evaluating the potential profitability and sustainability of a franchise location. Franchisees should also consider factors such as local market conditions, competition, and their own management capabilities when projecting their expenses and financial performance.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.