What was the amount of cash and cash equivalents held by Goldfish Swim School in 2022?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
osure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estima
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information provided does not explicitly state the total amount of cash and cash equivalents held by Goldfish Swim School in 2022. However, it does mention restricted cash, which is cash reserved for specific purposes.
The document indicates that the company had $260,904 of cash restricted for unspent advertising funds on deposit as of December 31, 2022. This implies that the total cash and cash equivalents would be a figure greater than this restricted amount, as it would include unrestricted cash as well.
To obtain the precise figure for total cash and cash equivalents, a prospective franchisee should review the complete audited financial statements for Goldfish Swim School, specifically the balance sheet, and consult with the franchisor directly. This will provide a clearer picture of the company's financial health and liquidity.