Are the financial statements for Goldfish Swim School certified?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audits of the Consolidated Financial Statements section of our report. We are required to be independent of the Company and to meet our ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 76)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the consolidated financial statements for the years 2023, 2022, and 2021 have been audited by Plante & Moran, PLLC. Their independent auditor's report expresses an opinion that the financial statements present fairly, in all material respects, the financial position of Goldfish Swim School Franchising, LLC and Subsidiary. This opinion confirms that the statements align with accounting principles generally accepted in the United States of America.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). The auditor's responsibilities under those standards include being independent of the company and meeting ethical responsibilities related to the audits. The auditors believe that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion.
This certification provides assurance to potential Goldfish Swim School franchisees that the financial statements have been reviewed by an independent accounting firm and meet established accounting standards. This helps franchisees to have confidence in the financial information provided by the franchisor when making their investment decision.