Which entities are included in the consolidated financial statements of 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 purpose of consolidated financial statements is to provide a comprehensive view of the financial position of a parent company (Goldfish Swim School Franchising, LLC) and its subsidiaries as a single economic entity.

The FDD specifies that all significant intercompany accounts and transactions between Goldfish Swim School Franchising, LLC and Goldfish Swim School Franchise Marketing, LLC have been eliminated during the consolidation process. This elimination prevents the artificial inflation of assets, liabilities, revenues, and expenses that could occur if these internal transactions were simply added together.

Prospective franchisees should be aware that the financial performance reflected in the consolidated statements provides a picture of the overall Goldfish Swim School Franchising, LLC organization. Understanding the relationship between the parent company and its subsidiary can offer insights into how the franchise system manages its financial resources and allocates responsibilities. Reviewing these statements, along with the independent auditor's report, can help potential franchisees assess the financial stability and performance of Goldfish Swim School.