Does Goldfish Swim School provide audited financial statements in the FDD?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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, 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)
Yes, according to the 2025 Franchise Disclosure Document, Goldfish Swim School includes audited consolidated financial statements. These statements are audited by Plante & Moran, PLLC. The FDD includes Independent Auditor's Reports that express an opinion on the fairness of the presentation of Goldfish Swim School's financial position and results of operations.
The Independent Auditor's Report included in the 2025 FDD covers the consolidated balance sheets 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. The auditor's opinion states that the financial statements present fairly, in all material respects, the financial position of Goldfish Swim School Franchising, LLC and Subsidiary as of those dates, in accordance with accounting principles generally accepted in the United States of America.
The presence of audited financial statements is a positive sign for prospective franchisees. It indicates that an independent accounting firm has reviewed Goldfish Swim School's financials and believes they are presented fairly and accurately. This can provide a greater level of confidence in the financial stability and performance of the franchise system. Franchisees should carefully review these audited statements and notes to understand the financial health of Goldfish Swim School.