Figure reflects the actual annual EBITDA for one affiliate-owned and operated BIG BLUE Swim School (operational for at least 5 full years as of December 31, 2018) during its 5th full 12 months of operation. This figure is published in Item 19 of our April 30, 2019, Franchise Disclosure Document (FDD). Item 19 of our FDD includes actual average and median annual gross revenue, annual expense, annual EBITDA, and other annual financial performance information for 4 affiliate-owned and operated BIG BLUE Swim Schools (operational for at least 1 full year as of December 31, 2018) during their 1st full 12 months of operation, for 3 of those 4 Swim Schools during their 2nd full 12 months of operation, for 2 of those 4 Swim Schools during their 3rd and 4th full 12 months of operation, and for 1 of those 4 Swim Schools during its 5th full 12 months of operation. A new franchisee’s results may differ from the represented performance. There is no assurance that you will do as well, and you must accept that risk.
