What is the deferred revenue at the beginning of 2024 for Big Blue Swim School?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Despite the payment provisions above, we will defer your payment of the initial franchise fee until we have fulfilled all our initial obligations to you under this Agreement and you have commenced doing business. You must pay us the initial franchise fee on the day you open the BIG BLUE Swim School for business.
We will defer your payment of the development fee due under a Development Rights Agreement on a prorated basis (i.e., per BIG BLUE Swim School) until such time as each BIG BLUE Swim School opens for business.
Source: Item 23 — RECEIPTS (FDD pages 76–278)
What This Means (2025 FDD)
I am unable to provide the exact deferred revenue for Big Blue Swim School at the beginning of 2024, as this specific financial figure is not disclosed in the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts do discuss the deferral of initial franchise fees and development fees under certain conditions.
Specifically, Big Blue Swim School defers the initial franchise fee until all initial obligations are fulfilled and the franchisee has commenced operating the swim school. The initial franchise fee is due on the day the Big Blue Swim School opens for business. Similarly, the development fee under a Development Rights Agreement is deferred on a prorated basis until the Big Blue Swim School opens.
To obtain the specific deferred revenue figure for Big Blue Swim School at the beginning of 2024, a prospective franchisee should directly request this information from the franchisor. Understanding the deferred revenue can provide insights into the company's financial obligations and how revenue is recognized over time.