factual

What is the deadline for the franchisee to provide Goldfish Swim School with a copy of the appraisal they obtained?

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee shall provide Goldfish with a copy of the appraisal so obtained, within thirty (30) days after its rejection of the appraisal obtained by Goldfish.

Source: Item 23 — RECEIPTS (FDD pages 77–389)

What This Means (2025 FDD)

According to the 2025 Goldfish Swim School Franchise Disclosure Document, if a franchisee rejects the initial property appraisal obtained by Goldfish Swim School, they must then obtain their own appraisal. The franchisee is required to provide Goldfish Swim School with a copy of this second appraisal within thirty (30) days after rejecting the initial appraisal.

This requirement is part of the process Goldfish Swim School uses when exercising its option to purchase the real estate associated with a franchise location, typically upon the expiration or termination of the franchise agreement. The appraisal process is used to determine the fair market value of the property.

It is important for prospective franchisees to understand these timelines and obligations, as failing to provide the appraisal within the specified timeframe could potentially impact the purchase price or other terms of the real estate transaction with Goldfish Swim School.

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.