What were the total current assets for Big Blue Swim School in 2023?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
revenues | $ | 5,794,445 | $ | 4,366,279 | $ 1,938,353 |
Contract balances
Accounts receivable balances as of December 31, 2
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
I am unable to provide the total current assets for Big Blue Swim School in 2023, according to the 2025 Franchise Disclosure Document. While the document includes the balance sheets as of December 31, 2024 and 2023, and statements of operations and member's deficit and cash flows for the years ended December 31, 2024, 2023, and 2022, it does not explicitly state the total current assets for 2023. The FDD does include the accounts receivable balances as of December 31, 2024, 2023 and 2022. Accounts receivable balances as of December 31, 2024, 2023 and 2022, amounted to $390,680, $731,500 and $996,524, respectively.
A prospective franchisee should request this specific figure from Big Blue Swim School to fully understand the company's financial health and stability. Understanding the composition of current assets is crucial for assessing the company's liquidity and ability to meet its short-term obligations. This information is vital for making an informed investment decision.
Understanding the current assets of Big Blue Swim School can help a franchisee understand the financial stability of the company. Current assets are important because they can be used to pay off any short-term liabilities.