What was the cash flow from operating activities for Goldfish Swim School in 2021?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Goldfish Swim School Franchising, LLC and Subsidiary (the "Company"), which comprise the consolidated balance sheet as of December 31, 2022, 2021, and 2020 and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022, 2021, and 2020 and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the consolidated financial statements of Goldfish Swim School Franchising, LLC and Subsidiary have been audited for the years ending December 31, 2022, 2021, and 2020. These audits include the consolidated balance sheets, statements of operations, members' equity, and cash flows, along with related notes. Independent auditors have given their opinion that these financial statements accurately represent the company's financial position, operations, and cash flows for those years, in accordance with generally accepted accounting principles in the United States of America.
However, while the auditor's reports confirm that consolidated statements of cash flows were prepared and audited for 2021, 2022, and 2020, the specific cash flow from operating activities for Goldfish Swim School in 2021 is not explicitly disclosed within the provided excerpts. The excerpts focus on the scope and opinion of the audit, significant accounting policies, and certain aspects of revenue and cash management, but they do not present the actual figures for cash flow from operating activities.
A prospective franchisee would need to consult the full audited financial statements within the 2025 FDD to determine the cash flow from operating activities for Goldfish Swim School in 2021. This information is crucial for assessing the financial health and operational efficiency of the franchisor.