If I sign an Area Development Agreement for Goldfish Swim School, what am I obligated to do?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We also offer, to persons and entities that meet our qualifications, the opportunity to develop multiple Swim Schools within a protected development territory ("Development Territory") under the terms of the Area Development Agreement ("Area Development Agreement"). If you sign an Area Development Agreement, you must develop an agreed-upon number of Swim Schools according to a specific development schedule and you will sign a separate Franchise Agreement in our then-current form for each Swim School developed under your Area Development Agreement, which may be different from the form of franchise agreement included in this offering.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 10–13)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, if you sign an Area Development Agreement, you are obligated to develop an agreed-upon number of swim schools within a protected development territory, following a specific development schedule.
For each swim school developed under the Area Development Agreement, you must sign a separate Franchise Agreement. It is important to note that the Franchise Agreement you sign for each location may be different from the form included in the FDD.
This means that as an Area Developer, you commit to opening multiple Goldfish Swim School locations according to a pre-determined timeline and within a specific geographic area. Prospective franchisees should carefully consider the development schedule and the financial and operational requirements of opening multiple units. They should also be aware that the terms of the Franchise Agreement could change between the time they sign the Area Development Agreement and the time they sign individual Franchise Agreements for each location.