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What was the ending member's deficit for Big Blue Swim School at the end of 2022?

Big_Blue_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

BIG BLUE SWIM SCHOOL FRANCHISING, LLC (A Limited Liability Company)

STATEMENTS OF OPERATIONS AND MEMBER'S DEFICIT FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)

What This Means (2025 FDD)

According to Big Blue Swim School's 2025 Franchise Disclosure Document, the financial statements include the statements of operations and member's deficit for the years ended December 31, 2024, 2023, and 2022. However, the specific amount of the member's deficit for Big Blue Swim School at the end of 2022 is not disclosed in the provided excerpts.

While the excerpts provide information on the company's accumulated member's deficit as of December 31, 2024, and discuss the reasons for historical losses, they do not quantify the deficit for the year 2022. The excerpts also mention that the company has sustained losses due to the timing of revenue recognition of franchise fees.

A prospective franchisee should ask Big Blue Swim School for the specific member's deficit amount for the year ending December 31, 2022, to gain a clearer understanding of the company's financial performance during that period. This information would be helpful in assessing the financial stability and historical performance of the franchisor.

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.