What entities are included in the consolidated financial statements for Goldfish Swim School?

According to Goldfish Swim School's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of Goldfish Swim School Franchising, LLC and its wholly owned subsidiary, Goldfish Swim School Franchise Marketing, LLC. The document also states that all significant intercompany accounts and transactions between these entities have been eliminated during the consolidation process.

This means that when reviewing the financial statements, a prospective franchisee is seeing a combined view of the financial performance and position of both the franchising entity and its marketing subsidiary. This consolidated approach is standard accounting practice when a parent company has a controlling interest in a subsidiary, as it provides a more complete picture of the overall organization's financial health.

By eliminating intercompany transactions, the financial statements avoid double-counting revenue or expenses that occur between Goldfish Swim School Franchising, LLC and Goldfish Swim School Franchise Marketing, LLC. This ensures that the reported figures accurately reflect the financial activities of the overall Goldfish Swim School organization with external parties. Franchisees should be aware that the financial performance presented reflects this consolidated view.