What is the estimated range for leasehold improvements for a Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment When Due | To Whom Payment Is To Be Made | |
|---|---|---|---|---|
| Franchise Fee 1 | $40,000 - 50,000 | ,000 - 50,000 Cashier's Check | Us | |
| Real Estate Fee | $0 - 2,500 | Cashier's Check | ||
| Real Estate/Rent 3 | $0 - 82,000 | As Arranged | Before and During Initial Period of Operations | Lessor |
| Architectural Fees | $34,500 – 85,000 | As Arranged | Before Beginning Operations | Architect |
| Leasehold | $1,334,230 – | As Before Beginning Arranged Operations | Contractor, | |
| Improvements 4 | 2,685,033 | Suppliers | ||
| Insurance 5 | $4,283 - 5,700 | As | Before Beginning | Insurance |
| Arranged | Operations | Company | ||
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
| ------------------------------------------------------------------- | ---------------------------- | ------------------------------------------------------------------------- | -------------------------------- | ------------------------------------------- |
| Training 6 | $17,250 - 37,000 | As Arranged | During Training | Airlines, Hotels & Restaurants |
| Furniture, Fixtures, Equipment, Computers, and Decor 7 | $100,000 - 126,500 | As Arranged | Before Beginning Operations | Approved Suppliers, Suppliers |
| Initial Advertising Expense 8 | $30,000 - 70,000 | As Arranged Before Beginning Operations and First 3 Months of Operation | Advertising Suppliers | |
| Licenses, Permits, & Deposits 9 | $4,500 - 80,000 | As Arranged | Before Beginning Operations | Licensing Authorities and Utilities |
| Legal & Accounting 10 | $8,500 - 35,000 | As | Before Beginning | Attorney, |
| Arranged | Operations | Accountant | ||
| Project Manager/Owner's Representative 11 | $15,000 – 45,000 | As Arranged | As Necessary | Contractor |
| Water Tap Fees 12 | $0 - 93,000 | As Arranged | As Necessary | Local Unit of Government |
| Additional Funds 13, 14 (3 months) | $75,000 - 350,000 | As Arranged | As Necessary | Employees, Utilities, Lessor & Suppliers |
| TOTAL 14</s |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–27)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the estimated initial investment for leasehold improvements ranges from $1,334,230 to $2,685,033. These costs are associated with adapting a newly acquired facility to operate as a Goldfish Swim School.
The leasehold improvement costs encompass a wide array of construction and renovation work. This includes site testing, excavation, structural changes, flooring, wall treatments, carpentry, and the installation of essential systems like electrical, plumbing, heating, and cooling. A significant portion of these costs is allocated to pool construction and the installation of related equipment, such as pumps, filtration systems, water heaters, and water quality monitoring systems. Safety equipment for the pool and mechanical areas, along with specialized systems for maintaining consistent temperatures and humidity, are also included.
The actual cost of leasehold improvements can vary significantly based on several factors. These include the need for municipal approvals, modifications required due to the availability of utilities, the extent of demolition work needed, the previous use of the space, and the size, condition, and location of the facility. Local wage rates and the cost of materials also play a crucial role in determining the final expense. The FDD notes that these costs are typically non-refundable, and prospective franchisees should inquire about the contractor's refund policy before hiring. However, some costs may be offset by construction allowances or landlord improvement commitments negotiated in the lease agreement.