Where in the Goldfish Swim School FDD can I find the Statement of Operations?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
Plante & Moran, PLLC
Suite 300 19176 Hall Road Clinton Township, MI 48038 Tel: 586.416.4900 Fax: 586.416.4901 plantemoran.com
Independent Auditor's Report
To the Members Goldfish Swim School Franchising, LLC and Subsidiary
Opinion
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, 2023, 2022, and 2021 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, 2023, 2022, and 2021 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)
According to the 2025 Goldfish Swim School FDD, the Consolidated Statement of Operations can be found within Item 22, CONTRACTS, specifically in the Independent Auditor's Report.
The Independent Auditor's Report indicates that the audit encompassed the consolidated financial statements of Goldfish Swim School Franchising, LLC and Subsidiary. This includes the consolidated balance sheets as of December 31, 2023, 2022, and 2021, along with the consolidated statements of operations, members' equity, and cash flows for the years then ended. The report also mentions the related notes to the consolidated financial statements.
This means that a prospective Goldfish Swim School franchisee can review the Statement of Operations, prepared and audited by an independent firm, to gain insight into the franchisor's financial performance over the past three years. Reviewing these statements can help potential franchisees assess the financial health and stability of Goldfish Swim School before making an investment decision. It is important to carefully examine these statements and consult with a financial advisor to fully understand their implications.