What is the fiscal year end for Goldfish Swim School?

According to the 2025 Goldfish Swim School FDD, the company's fiscal year ends on December 31. This is based on the independent auditor's report included in the document, which contains the consolidated balance sheets as of December 31, 2024, 2023, and 2022. These balance sheets are used to create the consolidated statements of operations, member's equity, and cash flows for the years then ended.

For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for analyzing the financial performance representations in Item 19, which are typically based on the franchisor's fiscal year. It also helps in aligning the franchisee's accounting practices and reporting requirements with those of Goldfish Swim School.

Knowing the fiscal year-end is also crucial for understanding the timing of financial reporting and potential changes in franchise fees, royalties, or other financial obligations. Franchisees can use this information to plan their own financial strategies and ensure compliance with the franchisor's requirements. The audit reports included in the FDD are prepared by an independent auditor, which adds credibility to the financial information presented.

In the franchise industry, it is common for franchisors to use the calendar year as their fiscal year, as it simplifies accounting and reporting processes. Goldfish Swim School follows this common practice, which can make it easier for franchisees to compare their financial performance with that of other franchisees in the system and with industry benchmarks.