For a Goldfish Swim School franchise, what is the length of the successive renewal terms?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
provisions in the agreement attached to this Disclosure Document.**
| Provision | Section in Franchise or Other Agreement | Summary |
|---|---|---|
| a. | Section 4.1 | The initial term is 15 years. |
| Length of | ||
| franchise term | ||
| b. | Section 4.2 | You may renew for 3 successive terms of 5 years each. If |
| Renewal or | you fail to meet any one of the conditions in (c) below, we | |
| extension of the | may refuse to renew or extend the terms of your Franchise | |
| term | Agreement. | |
| c. Requirements for franchisee to renew or extend | Section 4.2 | You may renew the Franchise Agreement if you: have fully complied with the provisions of the Franchise Agreement; have the right to maintain possession of the approved location or an approved substitute location for the term of the renewal; have made capital expenditures as necessary to maintain uniformity with the System; have satisfied all monetary obligations owed to us; are not in default of any provision of the Franchise Agreement or any other agreement with us; have given timely written notice of your intent to renew; sign a current Franchise Agreement, the terms and conditions of which may differ materially from the original franchise agreement; |
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, the initial franchise term is 15 years. A franchisee can renew the franchise agreement for three successive terms, each lasting 5 years.
However, to be eligible for renewal, the franchisee must meet several requirements. These include full compliance with the existing Franchise Agreement, securing the right to maintain possession of the approved location (or a substitute), making necessary capital expenditures to maintain uniformity within the Goldfish Swim School system, and satisfying all monetary obligations to the franchisor.
Additionally, the franchisee must not be in default of any provision of the Franchise Agreement or any other agreement with Goldfish Swim School, provide timely written notice of their intent to renew, sign the current Franchise Agreement (which may have materially different terms and conditions than the original), comply with current training and certification requirements, pay a renewal fee of $10,000, and sign a general release form similar to the one attached to the Franchise Agreement. Meeting all these conditions is crucial for a Goldfish Swim School franchisee to secure their renewal terms.