What factors may affect the cost of insurance for a Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
5 Insurance. You must purchase the types of insurance and coverage amounts as we determine from time to time as provided in our Brand Standards Manual. Factors that may affect your cost of insurance include the size and location of the franchised swim school, value of the leasehold improvements, equipment, inventory, number of employees and other factors. The amounts estimated are for the first 3 months of operation. The amounts you pay for insurance are typically non-refundable. You should inquire about the cancellation and refund policy of the insurance carrier or agent at or before the time of purchase.
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, several factors can influence the cost of insurance for your franchise. These factors include the size and location of the swim school, the value of leasehold improvements, the value of equipment and inventory, and the number of employees.
The FDD estimates insurance costs for the first three months of operation to range from $4,283 to $5,700. These amounts are typically non-refundable, so it's important to inquire about the cancellation and refund policies of the insurance carrier or agent before purchasing.
Prospective franchisees should carefully consider these factors and obtain detailed insurance quotes to accurately estimate their initial investment. Understanding the specific insurance requirements outlined in Goldfish Swim School's Brand Standards Manual is also crucial for budgeting and operational planning.