What was the value of 'Property and Equipment - Net' for Goldfish Swim School in 2020?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ry maintenance requirements are met. The Company may use the funds on qualifying
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the specific value for 'Property and Equipment - Net' in 2020 is not explicitly provided in the excerpts. However, Note 5 within Item 22 refers to 'Property and Equipment' and indicates that it is summarized in the notes to the consolidated financial statements.
While the excerpt mentions that property and equipment details are summarized, the actual summarized values for 2020, 2021, and 2022 are not included in the provided documentation. This missing information would typically include the gross value of property and equipment, accumulated depreciation, and the resulting net value.
A prospective Goldfish Swim School franchisee should request the complete financial statements from the franchisor to ascertain the 'Property and Equipment - Net' value for 2020. This information is crucial for understanding the company's asset base and financial health during that period, especially when evaluating trends across multiple years.