Does the FDD provide pro forma financial statements for Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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, 2024, 2023, and 2022 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, 2024, 2023, and 2022 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 21 — FINANCIAL STATEMENTS (FDD page 76)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided excerpts contain the Independent Auditor's Report and the consolidated financial statements of Goldfish Swim School Franchising, LLC and Subsidiary. These include the consolidated balance sheets, statements of operations, members' equity, and cash flows for multiple years. The notes to these statements detail accounting policies, revenue recognition, and other financial matters.
However, the excerpts do not include any pro forma financial statements, which are hypothetical financial statements projecting future performance based on certain assumptions. These statements would typically show potential revenues, expenses, and profits for a new Goldfish Swim School location.
Therefore, a prospective franchisee seeking pro forma financial information should specifically request this from Goldfish Swim School. This information is crucial for assessing the potential financial viability and return on investment before committing to the franchise.