Are current training and certification requirements applicable for Goldfish Swim School franchise renewal?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
y differ materially from the original franchise agreement; comply |
| Provision | Section in Franchise or Other Agreement | Summary |
|---|---|---|
| with current training and certification requirements; pay to us the renewal fee of $10,000; and sign a general release in a form the same as or s |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–64)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, to renew a franchise agreement, franchisees must comply with current training and certification requirements. Additionally, franchisees must pay a renewal fee of $10,000 and sign a general release form, similar to the one attached to the original Franchise Agreement.
This means that a Goldfish Swim School franchisee needs to ensure that they and their staff meet the then-current training and certification standards at the time of renewal. This could involve additional costs and time to complete any new or updated training programs. The $10,000 renewal fee represents a direct cost to the franchisee for continuing the franchise agreement.
By requiring adherence to current standards, Goldfish Swim School aims to maintain consistent quality and service across all its locations. The general release protects Goldfish Swim School from potential future claims by the franchisee, ensuring a clean slate upon renewal. Prospective franchisees should factor in these renewal requirements when assessing the long-term costs and obligations of the franchise.