What was the net loss for Big Blue Swim School in 2023?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit A contains our audited financial statements for the full fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, our unaudited balance sheet as of June 30, 2025, and our unaudited profit and loss statement for the year-to-date fiscal period ending June 30, 2025.
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 an audited statement of operations for the years ending December 31, 2024, 2023, and 2022. However, the specific net loss figure for 2023 is not detailed within the provided excerpts.
While the excerpts mention that Big Blue Swim School has historically sustained losses, particularly due to the timing of revenue recognition for franchise fees, the exact amount of the net loss for 2023 is not disclosed in the provided documentation. Instead, the excerpts focus on the accumulated member's deficit as of December 31, 2024, which was $3,021,265. This deficit reflects the cumulative losses over previous years.
A prospective franchisee should carefully review the complete audited financial statements in Exhibit A of the FDD to ascertain the precise net loss for Big Blue Swim School in 2023. Understanding the historical financial performance, including net losses, is crucial for assessing the financial viability and risks associated with investing in a Big Blue Swim School franchise. It would also be prudent to discuss the factors contributing to these losses and the franchisor's plans for improving profitability with the franchisor.