What was the value of notes receivable assets for Zoomin Groomin in 2022?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, the value of notes receivable assets in 2022 was $255,386. This figure represents the total amount Zoomin Groomin was owed by franchisees or other parties through promissory notes. These notes typically arise from financing provided by Zoomin Groomin to franchisees, helping them fund their initial franchise purchase or cover working capital needs.

Notes receivable are considered assets on Zoomin Groomin's balance sheet because they represent future income for the company. The notes usually include a fixed interest rate, specified as 12% annually, which contributes to Zoomin Groomin's overall income from operations. The due dates for these notes can vary, depending on the specific agreement between Zoomin Groomin and the franchisee.

For a prospective franchisee, understanding the notes receivable is important as it indicates how Zoomin Groomin manages its financing arrangements with other franchisees. A high value of notes receivable could suggest that Zoomin Groomin is actively involved in providing financial support to its franchisees. However, it also carries a risk for Zoomin Groomin if these notes are not repaid according to the agreed terms. Therefore, the franchisor needs to carefully manage and monitor these receivables to ensure financial stability.