When do late fees begin to accrue for Goldfish Swim School franchise payments?

According to Goldfish Swim School's 2025 Franchise Disclosure Document, late fees begin accruing from the date a payment was due but not received, or from the date of an underpayment. This means that if a franchisee fails to make a payment by the specified due date or if the payment is less than the required amount, Goldfish Swim School will immediately begin charging late fees.

This policy is fairly standard in franchising, as it incentivizes timely payments and compensates the franchisor for the administrative burden and potential financial losses caused by late or incomplete payments. Franchisees should ensure they understand the due dates for all fees and have a system in place to make timely payments to avoid incurring these additional charges.

It is important for prospective Goldfish Swim School franchisees to factor in the potential for late fees when budgeting and managing their finances. Understanding the specific due dates for fees such as the Technology Fee, which is due on the 5th of each month, and adhering to these deadlines is crucial for maintaining a positive financial relationship with Goldfish Swim School.