What is the new deferrals due to cash received in 2023 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 due to us under the Franchise Agreement until we have fulfilled all our initial obligations to you under the Franchise Agreement and you have commenced operating the BIG BLUE Swim School. You must pay us the initial franchise fee on the day you begin operating your BIG BLUE Swim School.
Despite the payment provisions above, we will defer your payment of the development fee due to us under a Development Rights Agreement until we have fulfilled all our initial obligations to you and you have commenced operating your first BIG BLUE Swim School. You must pay us the development fee due under a Development Rights Agreement on the day you begin operating your first BIG BLUE Swim School.
Source: Item 23 — RECEIPTS (FDD pages 76–278)
What This Means (2025 FDD)
I am unable to provide the exact figure for new deferrals due to cash received in 2023 for Big Blue Swim School, as this specific financial data is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts do discuss deferral of payments for both the initial franchise fee and the development fee under certain conditions.
The FDD states that Big Blue Swim School will defer the initial franchise fee payment 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 until all initial obligations are fulfilled and the franchisee has commenced operating their first Big Blue Swim School, with the fee due on the first day of operation.
To obtain the specific amount of new deferrals due to cash received in 2023, a prospective franchisee should directly request this information from Big Blue Swim School. Understanding this figure would provide valuable insight into the company's recent financial performance and its approach to managing franchisee payments.