For Big Blue Swim School, how is the deadline for opening a new franchised location calculated?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
AND MEMBER'S DEFICIT | $3,947,582 | $3,407,166 |
EXHIBIT A TO BIG BLUE SWIM SCHOOL FRANCHISING, LLC DEVELOPMENT RIGHTS AGREEMENT
DEVELOPMENT SCHEDULE
You agree to construct, develop, and open <________> BIG BLUE Swim Schools in the Territory, including the Swim School that is the subject of the First Franchise Agreement, and to sign the leases, Franchise Agreements, and SaaS Agreements relating to those BIG BLUE Swim Schools, according to the following Schedule:
| New BIG BLUE Swim School | Single Deadline by Which Lease, Franchise Agreement, and SaaS Agreement for the Specific New Franchised BIG BLUE Swim School Must be Signed by You (or Approved Affiliate) (we expect all three documents to be signed at same time) | Deadline by Which Specific New Franchised BIG BLUE Swim School Must be Opened by You (or Approved Affiliate) and Operating in Territory |
|---|---|---|
| #1 | For 1st BIG BLUE Swim School only, Franchise Agreement and SaaS Agreement are signed concurrently with this DRA Lease Execution Deadline for 1st BIG BLUE Swim School is: | 14 months after date on which lease for BIG BLUE Swim School is signed (even if lease is signed before Lease Execution Deadline appearing in previous column)* |
Source: Item 23 — RECEIPTS (FDD pages 76–278)
What This Means (2025 FDD)
According to Big Blue Swim School's 2025 Franchise Disclosure Document, the deadline for opening a new franchised location is determined based on when the lease is signed. For the first Big Blue Swim School location, the franchise and SaaS agreements are signed concurrently with the DRA lease execution. The deadline to open the first location is 14 months after the lease is signed, even if the lease is signed before the lease execution deadline. For subsequent locations (location #2, #3, #4, and #5), the deadline to open is also 14 months after the lease is signed, even if the lease is signed before the lease execution deadline.
For example, the FDD specifies that if a lease is signed on April 15th of a particular year, with a May 15th lease execution deadline, the deadline for opening the Big Blue Swim School for business would be June 15th of the following year.
This means a prospective Big Blue Swim School franchisee needs to factor in a 14-month build-out period after securing a lease. This timeline is crucial for financial planning, construction, and pre-opening marketing. Franchisees should work closely with Big Blue Swim School to ensure they meet all milestones and are prepared to open within this timeframe.