What was the total amount of accounts payable for Big Blue Swim School in 2024?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ted to offset the Company's administrative costs for its fund administration. As of December 31, 2024 and 2023, the Company had collected but not yet disbursed $- and $120,547, respectively, of amounts collected on behalf of franchisees for marketing which are included
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Big Blue Swim School Franchising, LLC do not explicitly state the total amount of 'accounts payable' for the year 2024. However, the document does mention 'Market introduction program payable'.
Specifically, as of December 31, 2024, Big Blue Swim School had collected but not yet disbursed $- of amounts collected on behalf of franchisees for marketing, which are included in 'Market introduction program payable' in the accompanying balance sheets. This indicates that while there were marketing funds collected, none had been disbursed by the end of 2024.
To get a comprehensive understanding of Big Blue Swim School's accounts payable, a prospective franchisee should ask the franchisor for a detailed breakdown of all current liabilities, including accounts payable, for the relevant periods. This information is crucial for assessing the company's short-term financial obligations and overall financial health.