What was the total cost of furniture and equipment for Goldfish Swim School in 2023?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
closures include evaluation of events up through and including March 12, 2025, which is the date the consolidated financial statements were available to be issued.
Note 3 - Property and Equipment
Property and equipment are summarized as follows:
| | 2024 | 2023 | | | 2022 | Depreciable Life - Years | |--------------------------------
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the total cost of furniture and equipment in 2023 was $685,132. This figure reflects the company's investment in furniture and equipment during that year. The depreciable life for furniture and equipment is estimated to be between 5 to 10 years.
This information is useful for prospective franchisees as it provides insight into the capital expenditure Goldfish Swim School makes on furniture and equipment. Understanding these costs can help franchisees plan their own investments and manage their finances effectively. The depreciable life indicates how long these assets are expected to be useful, which is important for accounting and tax purposes.
It's important to note that these figures represent the costs incurred by the franchisor, Goldfish Swim School Franchising, LLC, and not necessarily the costs that a new franchisee will incur. Franchisees should refer to Item 7 of the FDD for estimated initial investment costs, which will include furniture, fixtures, and equipment specific to opening a new Goldfish Swim School location. These costs can vary widely based on location, size of the facility, and other factors.