How will a Goldfish Swim School franchisee receive a list of approved supplies?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
If required by Franchisor, any such items or services shall be purchased only from "Approved Suppliers" that Franchisor designates or approves (which might include, or be limited to, Franchisor or an Affiliate). Franchisor will from time to time provide you with a list of the Approved Suppliers. Franchisee shall not offer for sale, sell or provide through the Franchised Swim School or from the Approved Location any products or services that Franchisor has not approved. Franchisee shall not sell products or services on a wholesale basis, using its best efforts to ensure that is sales of products or services are to the end user customer. Franchisor may, in the exercise of its business judgment, enter into supply contracts either for all Swim Schools or a subset of Swim Schools situated within one or more geographic region(s) (each, a "system-wide supply contract"). Franchisor may enter into system-wide supply contracts with one or more vendors or products, services or equipment that all Franchised Swim Schools in a geographic area will be required to purchase, use or sell. If Franchisor does so, then immediately upon notification to Franchisee, Franchisee and all other franchised swim schools in the geographic area must purchase the specified product, service or equipment only from the designated supplier. However, if at the time of the notification to Franchisee, Franchisee is already a party to a non-terminable supply contract with another vendor or supplier for the product, service or equipment, then Franchisee's obligation to purchase from the designated supplier under the system-wide supply contract will not begin until the scheduled expiration (or earlier termination) of the pre-existing contract. Franchisor makes no representation that Franchisor will enter into any system-wide supply contracts or other exclusive supply arrangements or, if Franchisor does so, that Franchisee would not otherwise be able to purchase the same products and/or services at a lower price from another supplier. Franchisor may add to, modify, substitute or discontinue system-wide supply contracts or exclusive supply arrangements in the exercise of Franchisor's business judgment.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, the franchisor will provide franchisees with a list of approved suppliers from time to time. Franchisees are required to purchase designated items or services from these approved suppliers if required by Goldfish Swim School. These approved suppliers may include Goldfish Swim School itself or its affiliates.
Goldfish Swim School may also enter into system-wide supply contracts for all or a subset of swim schools within a geographic region. If such contracts are established, franchisees in the specified area must purchase the designated products, services, or equipment from the designated supplier. However, if a franchisee already has a non-terminable supply contract with another vendor at the time of notification, the obligation to purchase from the system-wide supplier will begin upon the expiration or termination of the pre-existing contract.
It's important to note that Goldfish Swim School does not guarantee that it will enter into any system-wide supply contracts or exclusive supply arrangements. Furthermore, even if such arrangements are made, Goldfish Swim School does not guarantee that franchisees would not be able to find the same products or services at a lower price from another supplier. Goldfish Swim School retains the right to add, modify, substitute, or discontinue system-wide supply contracts or exclusive supply arrangements based on its business judgment.