Does Big Blue Swim School provide an unaudited balance sheet, and if so, as of what date?
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 the 2025 Big Blue Swim School FDD, the financial statements include an unaudited balance sheet as of June 30, 2025. Additionally, the financial statements include an unaudited profit and loss statement for the year-to-date fiscal period ending June 30, 2025.
Prospective franchisees should review these unaudited financial statements carefully, keeping in mind that they have not been subjected to the same level of scrutiny as the audited statements for the fiscal years ended December 31, 2024, 2023, and 2022. While unaudited statements can provide a more current snapshot of the company's financial position, they may not offer the same level of assurance regarding accuracy and compliance with accounting standards.
It is advisable for potential Big Blue Swim School franchisees to consult with a financial advisor to fully understand the implications of both the audited and unaudited financial statements. This will help in assessing the financial health and stability of the franchisor before making a final investment decision.