What is the lump sum franchise fee for a Goldfish Swim School franchise?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Item.
ITEM 5. INITIAL FEES
You pay us a $50,000 lump sum franchise fee when you sign the Franchise Agreement. You pay us a $20,000 lump sum franchise fee when you sign the Franchise Agreement in our then-current form for a second and subsequent franchise based on your Development Schedule under your Area Development Agreement in addition to the $20,000 you pay as part of your Development Fee. The initial franchise fee is uniform.
We will refund 25% of the franchise fee you paid if we terminate the franchise for your failure to select a site within 180 days, or your failure to successfully complete the initial training program to our satisfaction. We do not give refunds under other circumstances. (For further information about termination of the franchise, see ITEM 17.)
You will pay us a non-refundable Real Estate Fee in the amount of $2,500 when you sign the first Franchise Agreement related to your leasehold property. If you develop multiple Swim Schools, the Real Estate Fee will not be assessed on any Swim School after your first. The Real Estate Fee will cover our expenses related to your real estate and site selection, including providing certain information and services to you, such as demographic information, site criteria information, our attendance at meetings or calls with you and your real estate broker, our attendance at in person and telephonic conferences with landlords or local real estate brokers, our expenses related to site tours, and our access to certain real estate database information of
Source: Item 5 — INITIAL FEES (FDD pages 16–17)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, the initial franchise fee is $50,000, paid as a lump sum when signing the Franchise Agreement. If a franchisee signs a Franchise Agreement for a second and subsequent franchise based on their Development Schedule under an Area Development Agreement, they pay a $20,000 lump sum franchise fee in addition to the $20,000 paid as part of the Development Fee. The franchise fee is uniform.
Goldfish Swim School offers a partial refund of the initial franchise fee under specific conditions. If Goldfish Swim School terminates the franchise agreement because the franchisee fails to select a site within 180 days or fails to complete the initial training program satisfactorily, 25% of the franchise fee will be refunded. However, the FDD specifies that refunds are not given under any other circumstances.
In addition to the franchise fee, a franchisee will pay a non-refundable Real Estate Fee of $2,500 when signing the first Franchise Agreement related to their leasehold property. This fee covers Goldfish Swim School's expenses related to real estate and site selection services. The Real Estate Fee will not be assessed on any Swim School after the first.