What is included in the leasehold improvement costs for a Goldfish Swim School regarding pool construction?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
4 Leasehold Improvements. To adapt a newly acquired facility for operation of the franchised swim school, it must be renovated. Leasehold improvement costs could include, without limitation, site testing and diligence, excavation, import and export of material, structural changes, concrete slabs, floor and window covering, wall treatments, carpentry, millwork, vapor barriers, wall and ceiling assemblies, doors and windows, painting, electrical, plumbing, heating and cooling systems, pool construction and related equipment, municipal, licensing, contractor's fees, pool pump and filtration equipment, pool water heating system, pool water quality monitoring, chemical controls and input systems, safety equipment for the pool and mechanical areas, and specialized systems responsible for maintaining consistent temperatures and humidity throughout the franchised Swim School. The cost of purchasing equipment will depend on the unique attributes of the Swim School's site, price variances and shipping distances from suppliers. Estimate include sales taxes and shipping costs.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–27)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, leasehold improvement costs encompass various elements related to adapting a facility for the swim school's operation, including pool construction. These costs may include site testing and diligence, excavation, importing and exporting materials, structural changes, concrete slabs, and floor and window coverings.
Furthermore, leasehold improvements also cover wall treatments, carpentry, millwork, vapor barriers, wall and ceiling assemblies, doors and windows, painting, electrical, plumbing, and heating and cooling systems. Regarding the pool itself, the costs include pool construction and related equipment, municipal and licensing fees, contractor's fees, pool pump and filtration equipment, and the pool water heating system.
Additional expenses factored into leasehold improvements are pool water quality monitoring, chemical controls and input systems, safety equipment for the pool and mechanical areas, and specialized systems responsible for maintaining consistent temperatures and humidity throughout the Goldfish Swim School. The FDD notes that the cost of purchasing equipment will depend on the unique attributes of the Swim School's site, price variances and shipping distances from suppliers, and that estimates include sales taxes and shipping costs. These leasehold improvements are a significant part of the initial investment, with an estimated range of $1,334,230 to $2,685,033.