What was the reported total value of assets for Goldfish Swim School in 2022?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
porting period. Actual results could differ from those estimates.
Cash Equivalents
The Company considers all investments with an original maturity of three months or less when purchased to be cash equivalents.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
I am unable to provide the total asset value for Goldfish Swim School in 2022, as this information is not present within the provided excerpts from the 2025 Franchise Disclosure Document. While the excerpts include financial statement information, auditor's reports, and details about restricted cash, they do not specify the total value of assets for any of the reported years. The excerpts do contain information regarding restricted cash, which was $260,904 in 2022. This restricted cash is the amount of unspent advertising funds on deposit.
To ascertain the total asset value, a prospective Goldfish Swim School franchisee should specifically request the balance sheets from the franchisor. The balance sheets will provide a comprehensive overview of the company's assets, liabilities, and equity for the years 2022, 2021, and 2020.
Understanding the total asset value is crucial for potential franchisees as it provides insight into the financial health and stability of Goldfish Swim School. This information, combined with liabilities and equity, offers a clearer picture of the company's overall financial standing and its ability to support its franchisees.