For what fiscal years are audited financial statements provided for Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
According to the 2025 Goldfish Swim School FDD, the franchisor provides audited consolidated financial statements for three fiscal years. The FDD includes an independent auditor's report covering the financial statements for the years ending December 31, 2024, 2023, and 2022.
Specifically, the consolidated balance sheets, statements of operations, members' equity, and cash flows are audited for these years. This allows prospective franchisees to review Goldfish Swim School's financial performance over a three-year period, which is a common practice in franchising.
Reviewing these audited statements can help potential franchisees identify trends in revenue, expenses, and profitability. It also provides insight into the company's financial stability and its ability to meet its obligations. Additionally, the notes to the financial statements offer further details on accounting policies, revenue recognition, and other relevant financial information for the Goldfish Swim School franchise system.