What was the total value of Zoomin Groomin's inventory 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
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 inventory was valued at $7,308 in 2023. The FDD also states that the inventory is valued at cost when purchased and accounted for using the specific identification method of valuation. The inventory consists of vehicles and trailers held for future resale to franchises.
Zoomin Groomin recognizes income from the sales of these vehicles as ordinary other income when the title is transferred. The company states that subsequent to the year ended December 31, 2023, Zoomin Groomin will no longer hold title to the vehicles, and therefore, the vehicles will not be recorded as inventory in subsequent years. As of December 31, 2024, all inventory had been sold.
This indicates a strategic shift in Zoomin Groomin's business model, where they transitioned from holding and selling vehicles/trailers to franchisees. Prospective franchisees should inquire about the implications of this change, such as how they will now acquire the necessary vehicles and equipment to operate their Zoomin Groomin mobile pet grooming business and whether Zoomin Groomin provides any assistance or preferred vendor relationships for vehicle acquisition.