Are the financial statements for Goldfish Swim School included as part of the FDD?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 76)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, Item 22 includes the consolidated financial statements of Goldfish Swim School Franchising, LLC and Subsidiary. These statements comprise the consolidated balance sheets as of December 31, 2023, 2022, and 2021, along with 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.
These financial statements have been audited by Plante & Moran, PLLC. Their independent auditor's report expresses the opinion that the financial statements present fairly the financial position of Goldfish Swim School 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.
For a prospective franchisee, the inclusion of these audited financial statements provides transparency into the financial health and performance of Goldfish Swim School. Reviewing these statements can help potential franchisees assess the franchisor's financial stability, revenue trends, and overall profitability, which are critical factors in evaluating the franchise opportunity.