Does the Goldfish Swim School franchise agreement specify that the renewal fee is $10,000?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
y differ materially from the original franchise agreement; comply |
| Provision | Section in Franchise or Other Agreement | Summary |
|---|---|---|
| with current training and certification requirements; pay to us the renewal fee of $10,000; and sign a general release in a form the same as or s |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–64)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, to renew the franchise agreement, a franchisee must meet certain conditions, including paying a renewal fee of $10,000. This fee is part of the requirements a franchisee must satisfy to continue operating their Goldfish Swim School location under a renewed agreement.
Specifically, the franchisee must meet the current training and certification requirements, pay the $10,000 renewal fee, and sign a general release form similar to the one attached to the initial Franchise Agreement. These conditions ensure that franchisees remain compliant with Goldfish Swim School's standards and practices.
For a prospective franchisee, this means planning for this $10,000 renewal fee as part of the long-term financial strategy for their Goldfish Swim School business. It is a cost that will need to be factored into profitability projections and savings plans as the end of the initial franchise term approaches. Failing to meet these renewal conditions, including paying the fee, would result in the franchisee not being able to renew their agreement and continue operating under the Goldfish Swim School brand.