How does a Goldfish Swim School franchisee pay the Royalty Fee?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We may require that all fees payable to us be paid through an electronic depository transfer account.
All of the fees noted above are uniform, though in 2023, we did not charge the minimum royalty for any franchisee, but we do not intend to continue this practice. No other fees or payments are to be paid to us or our Affiliate, nor do we impose or collect any other fees or payments for any other third party. All fees are non-refundable.
Source: Item 6 — OTHER FEES (FDD pages 17–21)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, the method for paying the Royalty Fee is not explicitly detailed in the provided excerpts. However, the document does state that Goldfish Swim School may require all fees to be paid through an electronic depository transfer account.
While the specific method for paying the Royalty Fee is not outlined, the FDD does specify how the Technology Fee must be paid. Franchisees must pay the Technology Fee directly to Goldfish Swim School by Electronic Funds Transfer. This suggests that electronic payment methods are preferred or required for certain fees.
To gain a comprehensive understanding of how the Royalty Fee must be paid, a prospective Goldfish Swim School franchisee should consult the Confidential Brand Standards Manual, as this document contains further details on the Technology Fee payment method. Additionally, they should directly ask the franchisor about the required or preferred payment methods for the Royalty Fee to ensure compliance and avoid potential late fees or other penalties.