What was the net cash provided by operating activities for Goldfish Swim School in 2022?
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, 2022, 2021, and 2020 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, 2022, 2021, and 2020 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 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Goldfish Swim School Franchising, LLC are audited for the years 2022, 2021, and 2020. However, the excerpt does not contain the specific figures for the net cash provided by operating activities. The auditor's report confirms that the financial statements, including cash flows, are fairly presented, but the actual cash flow statement is not included in this excerpt.
Without the specific figures, a prospective franchisee cannot assess the operational cash flow trends for Goldfish Swim School. This information is crucial for understanding the financial health and stability of the franchisor. Analyzing the cash flow from operations would typically reveal how efficiently the company generates cash from its core business activities, such as royalties, franchise fees, and other related revenues.
Therefore, it is essential for a potential Goldfish Swim School franchisee to request the complete audited financial statements, including the statement of cash flows, to fully understand the franchisor's financial performance. This will allow for a thorough analysis of the net cash provided by operating activities and other key financial metrics.