What was the total revenue 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 revenue for 2022 was $205,620. This figure is comprised of several revenue streams, including franchise fees, marketing and technology revenue, area rep sales revenue, royalty revenue, and interest income. In 2022, Zoomin Groomin generated $24,545 in franchise fees, $10,059 from marketing and technology, $55,248 from area rep sales, $92,640 from royalties, and $23,128 in interest income.
For a prospective franchisee, understanding the composition of Zoomin Groomin's revenue is crucial. It highlights the different ways the company generates income, which can be indicative of the support and services they provide to franchisees. For example, a significant portion of revenue from franchise fees and royalties suggests that Zoomin Groomin is actively expanding its network and benefiting from the ongoing success of its franchisees.
However, it's also important to note that Zoomin Groomin experienced a net loss of $482,370 in 2022. While revenue is an important indicator of business activity, the net loss suggests that expenses exceeded income during this period. A potential franchisee should investigate the reasons behind this loss and assess whether the company has taken steps to improve its financial performance in subsequent years. Reviewing the trend of revenues and expenses over multiple years, as presented in the FDD, can provide a more comprehensive understanding of the company's financial health and stability.