What was the balance for Goldfish Swim School as of December 31, 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)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the company had restricted cash equal to the amount of unspent advertising funds on deposit. As of December 31, 2022, the balance of cash restricted for this purpose was $260,904.
This restricted cash balance represents funds collected from franchisees that are specifically earmarked for advertising and marketing efforts. These funds cannot be used for general operating expenses or other purposes by Goldfish Swim School, ensuring that the contributions are used as intended to promote the brand and support franchisees' local marketing initiatives.
For a prospective franchisee, this information provides transparency into how advertising funds are managed and the level of investment in marketing activities. It also highlights the importance of understanding the terms and conditions related to these restricted funds, as they directly impact the resources available for promoting their individual Goldfish Swim School location.
It's important to note that the balance of restricted cash can fluctuate from year to year, depending on the timing of advertising campaigns and the overall financial performance of Goldfish Swim School and its franchisees. Therefore, prospective franchisees should review the historical trends and ask for detailed information about the planned use of advertising funds to assess the potential marketing support they can expect.