What factors contribute to the variation in real estate/rent costs for a Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Real Estate/Rent. You must lease or otherwise provide a suitable facility for the operation of the franchised swim school. Typically, the facility will range in size from 6,000 to 9,500 square feet. It is difficult to estimate lease acquisition costs because of the wide variation in these costs between various locations. Lease costs will vary based upon square footage, cost per square foot and required maintenance costs. The low estimate is based on an assumption that you will own your property and, therefore, have no security deposit or rent obligations in the initial period. The high estimate is based upon an assumption that you will lease your property and includes 3 months rent and a security deposit. Some landlords may refund the security deposit if you cancel the lease before you occupy the premises. The estimated range of costs in
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, real estate and rent costs can vary significantly based on several factors. The document indicates that the size of the facility, typically ranging from 6,000 to 9,500 square feet, directly impacts lease costs. Additionally, the cost per square foot and required maintenance costs influence the overall rental expense.
The FDD also notes that whether a franchisee chooses to lease or own the property affects the initial investment. The low estimate of $0 for real estate/rent assumes the franchisee owns the property, eliminating security deposit or rent obligations. Conversely, the high estimate of $82,000 assumes the franchisee will lease the property, including expenses for three months' rent and a security deposit. The security deposit may be refundable if the lease is canceled before occupancy, but this depends on the landlord's policies.
In summary, the major factors contributing to the variation in real estate/rent costs for a Goldfish Swim School include the size of the facility, the cost per square foot, required maintenance, and whether the franchisee leases or owns the property. These factors can result in a wide range of initial investment costs, from $0 to $82,000, as shown in the estimated initial investment table.