Where can I find the 'Development Schedule' for developing Goldfish Swim Schools in the Territory?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Developer shall develop, open, commence operation of and continuously operate pursuant to the respective Franchise Agreements the minimum number of Swim schools in the Territory, pursuant to the Development Schedule as described in Attachment 1 to the Area Development Agreement.
- B. Each Swim school and the cumulative number of Swim schools indicated in the Development Schedule shall be OPEN AND OPERATING by the date(s) specified therein. Developer shall select a Location that we approve consistent with the applicable Franchise Agreement so that each and every Swim school is OPEN AND OPERATING pursuant to the Development Schedule. Our consent to any Location or execution of a Franchise Agreement shall not waive, extend or modify the Development Schedule. Unless otherwise agreed and approved by us, the Swim schools shall refer to Goldfish Swim School® Swim schools operating pursuant to the System.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the Development Schedule, which outlines the timeline for opening Goldfish Swim School locations in your designated territory, is described in Attachment 1 to the Area Development Agreement. This schedule specifies the minimum number of swim schools a developer must open and operate, along with the dates by which each swim school should be open and operating.
The Development Schedule includes key milestones such as the Broker Engagement Date, the Date of Location Approval and Fully Executed Occupancy Contract, the Date Franchise Agreement Signed & Franchise Fees Paid, and the Date Open & Operating. These dates are crucial for franchisees to meet to remain in compliance with the Area Development Agreement.
Prospective franchisees should carefully review Attachment 1 to fully understand their obligations and timelines for developing their Goldfish Swim School locations. Failing to meet the deadlines outlined in the Development Schedule can lead to termination of the Area Development Agreement and the loss of rights to develop additional locations.