What was the total value of assets held by Goldfish Swim School in 2020?
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)
I am unable to provide the total value of assets held by Goldfish Swim School in 2020, based on the excerpts from the 2025 Franchise Disclosure Document. While the document includes consolidated financial statements and auditor's reports for the years 2020, 2021, and 2022, it does not explicitly state the total asset value for any of those years. The notes to the financial statements discuss various aspects such as accounting policies, revenue recognition, and certain liabilities, but not the overall asset figures.
Specifically, the excerpts detail items like restricted cash, Paycheck Protection Program loans received and forgiven, and accounting for leases, but these are components of the financial statements rather than a summary of total assets. The auditor's report confirms that the financial statements present the company's financial position fairly, but it does not extract or highlight a total asset figure.
A prospective franchisee would need to consult the full audited financial statements within the 2025 FDD, or request this information directly from Goldfish Swim School to determine the company's total assets in 2020. Understanding the asset base can be important for assessing the financial health and stability of the franchisor.