table_specific

What were the total 'point in time' revenues for Big Blue Swim School in 2022?

Big_Blue_Swim_School Franchise · 2025 FDD

Answer 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)

According to Big Blue Swim School's 2025 Franchise Disclosure Document, the accounts receivable balances as of December 31, 2022, amounted to $996,524. This represents the total amount of revenue Big Blue Swim School had earned but not yet collected as of that date. Accounts receivable signifies money owed to Big Blue Swim School by its franchisees or other customers for services or goods delivered. This figure is a snapshot of outstanding payments at a specific point in time.

For a prospective franchisee, understanding the accounts receivable trends can provide insights into the financial health and revenue collection efficiency of Big Blue Swim School. A high accounts receivable balance might indicate potential issues with timely payments from franchisees, which could impact the franchisor's cash flow. Conversely, a lower balance could suggest efficient revenue collection processes.

It's important to note that accounts receivable is just one component of overall revenue and financial health. A potential franchisee should also consider other factors such as total revenue, expenses, and profitability to gain a comprehensive understanding of Big Blue Swim School's financial performance. Reviewing the complete financial statements and notes, as well as consulting with a financial advisor, is recommended for a thorough assessment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.