What is the successor franchise fee for a Big Blue Swim School?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
aS Agreement runs concurrently with franchise term. | | b. Renewal or extension of the term | 18 of Franchise Agreement | If you are in good standing, you may acquire successor franchise for 10 years on our then- current terms. | | Provision | Section in franchise or | Summary | | c. Requirements for franchisee | 18 of Franchise | You (i) timely request and conduct a business | |---|---|---| | to renew or extend | Agreement | | | | | review, (ii) formally notify us of your desire to | | | | acquire a successor franchise at least 3 months | | | | before the franchise term ends, (iii) substantially | | | | complied with contractual obligations and | | | | operated School in substantial compliance with | | | | Brand Standards, (iv) continue complying | | | | substantially with contractual obligations between | | | | time you notify us of your desire to acquire a | | | | successor franchise and the end of the franchise | | | | term, (v) retain right to occupy School at its | | | | original site, (vi) remodel/upgrade School, (vii) | | | | sign our then-current form of franchise agreement | | | | and release (if applicable state law allows), and | | | | (viii) pay $5,000 successor franchise fee. Terms | | | | of our new franchise agreement that you sign for | | | | successor franchise may differ materially from | | | | any and all terms contained in your original | | | | expiring Franchise Agreement (including higher | | | | fees), although the Area of Protection will remain | | | | the same during the successor-franchiseterm. | | d.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 61–69)
What This Means (2025 FDD)
According to Big Blue Swim School's 2025 Franchise Disclosure Document, a franchisee may acquire a successor franchise for another 10 years if they are in good standing with Big Blue Swim School. To do so, the franchisee must meet several requirements, including paying a successor franchise fee. The successor agreement will be based on Big Blue Swim School's then-current terms.
The successor franchise fee is $5,000. However, the terms of the new franchise agreement for the successor franchise may differ significantly from the original expiring agreement. These differences could include higher fees, although the Area of Protection will remain the same during the successor franchise term.
To renew their franchise agreement, a Big Blue Swim School franchisee must: (i) timely request and conduct a business review, (ii) formally notify Big Blue Swim School of their desire to acquire a successor franchise at least 3 months before the franchise term ends, (iii) substantially comply with contractual obligations and operate the School in substantial compliance with Brand Standards, (iv) continue complying substantially with contractual obligations between the time they notify Big Blue Swim School of their desire to acquire a successor franchise and the end of the franchise term, (v) retain the right to occupy the School at its original site, (vi) remodel/upgrade the School, and (vii) sign Big Blue Swim School's then-current form of franchise agreement and release (if applicable state law allows).