What payments and reports must be current for a transfer to be approved by Big Blue Swim School?

According to Big Blue Swim School's 2025 Franchise Disclosure Document, a franchisee must be current on all payments and reports to secure approval for a transfer. Specifically, on both the date the transfer request is submitted and the proposed effective date of the transfer, the franchisee must have paid all required Royalties, Software License Fees, Brand Fund contributions, MSC Fees, and other amounts owed to Big Blue Swim School and its affiliates. These payments must relate to the franchise agreement and the specific Big Blue Swim School location being transferred.

In addition to being current on all payments, the franchisee must also have submitted all required reports and statements to Big Blue Swim School. Furthermore, the franchisee must not be in breach of any provision of the franchise agreement or any other agreement with Big Blue Swim School or its affiliates that relates to the specific school location. These conditions ensure that the franchise is in good standing financially and operationally before a transfer can be approved.

These requirements are typical in franchising, as franchisors want to ensure that any transfer does not negatively impact the brand's reputation or financial stability. By requiring all payments and reports to be current, Big Blue Swim School aims to maintain consistency and compliance across its franchise system, protecting the interests of both the franchisor and the other franchisees in the system.