table_specific

What was the average profit before other expenses for Goldfish Swim School locations?

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchised Swim Schools may not be typical for those in your area.

Table 1

| REVENUE | Average | Revenues # Surpassing % Surpassing Low | 1st Quartile | Median | 3rd Quartile | High | |---|---|---|---|---|---|---| | SWIM LESSONS | 2,050,837 | 95.5% 65 41.9% 270,919 | 1 ,381,954 | 1 ,851,920 | 2 ,522,329 | 6 ,072,092 | | OTHER (1) | 96,267 | 4.5% 71 45.8% 1 0,073 | 6 3,910 | 9 2,979 | 119,262 | 284,331 | | TOTAL REVENUE | 2,147,104 | 100.0% 67 43.2% 280,992 | 1 ,479,757 | 1 ,979,745 | 2 ,629,994 | 6 ,245,914 | | OPERATING EXPENSES | | | | | | | | PAYROLL AND RELATED EXPENSES (2) | 734,110 | 34.2% 63 40.6% 254,358 | 543,029 | 681,134 | 901,574 | 1 ,628,682 | | SUPPLIES (3) | 59,201 | 2.8% 67 43.2% 9,732 | 3 6,170 | 5 2,101 | 8 2,648 | 135,086 | | MERCHANT FEES | 53,008 | 2.5% 71 45.8% 7,224 | 3 6,014 | 5 0,121 | 6 4,647 | 164,050 | | REPAIRS AND MAINTENANCE | 70,276 | 3.3% 70 45.2% 1 0,491 | 4 0,347 | 6 6,664 | 9 1,216 | 236,599 | | INSURANCE (4) | 37,115 | 1.7% 56 36.1% 9,296 | 2 0,424 | 3 1,283 | 4 4,236 | 215,057 | | RENT AND OCCUPANCY COSTS (5) | 213,274 | 9.9% 56 36.1% 4 8,435 | 143,478 | 187,757 | 249,318 | 1 ,240,067 | | UTILITIES 6) | 65,292 | 3.0% 66 42.6% 1 5,675 | 4 9,126 | 6 0,301 | 7 6,758 | 168,508 | | ROYALTIES | 128,826 | 6.0% 67 43.2% 1 6,860 | 8 8,785 | 118,785 | 157,800 | 374,755 | | NATIONAL ADVERTISING FUND | 42,942 | 2.0% 67 43.2% 5,620 | 2 9,595 | 3 9,595 | 5 2,600 | 124,918 | | ADVERTISING AND MARKETING (7) | 63,941 | 3.0% 76 49.0% 1 0,007 | 4 7,426 | 6 3,841 | 8 0,767 | 152,494 | | TOTAL OPERATING EXPENSES | 1,467,985 | 68.4% 58 37.4% 556,370 | 1 ,121,082 | 1 ,368,523 | 1 ,747,657 | 3 ,178,558 | | PROFIT BEFORE OTHER EXPENSES (8) | 679,119 | 31.6% 69 44.5% (685,464) | 361,153 | 617,147 | 897,409 | 3 ,141,627 | Table 2

REVENUE Average Revenues # Surpassing % Surpassing Low 1st Quartile Median 3rd Quartile High
SWIM LESSONS 1,791,115 95.1% 8 42.1% 270,919 977,756 1 ,370,488 2 ,526,258 4 ,037,114
OTHER (1) 92,509 4.9% 10 52.6% 1 0,073 5 1,717 9 7,718 119,203 199,291
TOTAL REVENUE 1,883,624 100.0% 8 42.1% 280,992 1 ,016,372 1 ,473,513 2 ,612,513 4 ,195,398
OPERATING EXPENSES
PAYROLL AND RELATED EXPENSES (2) 659,144 35.0% 8 42.1% 319,270 459,472 590,700 844,493 1 ,103,510
SUPPLIES (3) 51,241 2.7% 10 52.6% 9,732 3 3,422 5 2,101 6 6,432 8 5,845
MERCHANT FEES REPAIRS AND MAINTENANCE 46,891 59,522 2.5% 3.2% 8 7 42.1% 36.8% 7,224 1 1,020 2 6,548 2 7,193 3 9,732 4 6,179 6 4,801 8 6,544 110,329 136,560
INSURANCE (4) 27,493 1.5% 8 42.1% 1 2,329 1 6,831 2 6,238 3 5,341 6 7,740
RENT AND OCCUPANCY COSTS (5) 276,763 14.7% 7 36.8% 4 8,435 114,830 201,801 306,137 1 ,240,067
UTILITIES (6) 74,360 3.9% 8 42.1% 2 0,804 4 6,041 7 1,429 9 7,297 142,779
ROYALTIES 113,017 6.0% 8 42.1% 1 6,860 6 0,982 8 8,411 156,751 251,724
NATIONAL ADVERTISING FUND 37,672 2.0% 8 42.1% 5,620 2 0,327 2 9,470 5 2,250 8 3,908
ADVERTISING AND MARKETING (7) 68,771 3.7% 11 57.9% 1 0,007 4 9,539 7 6,459 8 5,546 135,942
TOTAL OPERATING EXPENSES 1,414,874 75.1% 7 36.8% 721,934 963,122 1 ,169,800 1 ,705,068 3 ,178,558
PROFIT BEFORE OTHER EXPENSES (8) 468,750 24.9% 9 47.4% (685,464) 9 2,773 379,193 907,445 1 ,460,401
  • (1) Other Revenue includes birthday parties, vending, retail revenue, and registration revenues.
  • (2) Includes all hourly and management labor and payroll taxes and does not include owner's compensation.
  • (3) Supplies includes pool supplies, cost of vending and food sales, and other operating supplies.
  • (4) Insurance expenses include premiums for all required insurance policies, including liability, workers' compensation, and health insurance.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 65–68)

What This Means (2025 FDD)

According to Goldfish Swim School's 2025 Franchise Disclosure Document, Item 19 provides financial performance representations based on data from franchisees. Table 1 includes data from 155 locations that were open for at least 12 months as of December 31, 2024. The average profit before other expenses for these locations was $679,119. It is important to note that 'other expenses' would include items such as interest expense, taxes, depreciation, amortization, owner compensation, and other miscellaneous costs.

Table 2 presents data from a smaller subset of 19 locations that had been open for their first full calendar year, meaning between 12 and 24 months as of December 31, 2024. For these locations, the average profit before other expenses was $468,750. The FDD emphasizes that these figures are unaudited averages and that individual results may vary.

A prospective franchisee should consider that the financial performance of Goldfish Swim School locations can differ significantly based on geographic and market characteristics. The FDD also highlights that the average results achieved by the reporting franchisees may not be typical for a new franchisee's area. It is crucial to review the assumptions and bases underlying these financial performance representations and to conduct thorough due diligence, including seeking professional financial advice, before making any investment decisions.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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