Is maintaining possession of an approved location a requirement for Goldfish Swim School franchise renewal?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise or Other Agreement | Summary |
|---|---|---|
| a. | Section 4.1 | The initial term is 15 years. |
| Length of | ||
| franchise term | ||
| b. | Section 4.2 | You may renew for 3 successive terms of 5 years each. If |
| Renewal or | you fail to meet any one of the conditions in (c) below, we | |
| extension of the | may refuse to renew or extend the terms of your Franchise | |
| term | Agreement. | |
| c. Requirements for franchisee to renew or extend | Section 4.2 | You may renew the Franchise Agreement if you: have fully complied with the provisions of the Franchise Agreement; have the right to maintain possession of the approved location or an approved substitute location for the term of the renewal; have made capital expenditures as necessary to maintain uniformity with the System; have satisfied all monetary obligations owed to us; are not in default of any provision of the Franchise Agreement or any other agreement with us; have given timely written notice of your intent to renew; sign a current Franchise Agreement, the terms and conditions of which may differ materially from the original franchise agreement; comply |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–64)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, maintaining possession of an approved location is indeed a requirement for franchise renewal. Specifically, to renew the Franchise Agreement, a franchisee must "have the right to maintain possession of the approved location or an approved substitute location for the term of the renewal".
This requirement ensures that Goldfish Swim School franchisees have a stable and suitable location from which to operate their business during the renewal term. Without secure possession of an approved location, the franchisee's ability to continue operating the swim school could be jeopardized, potentially disrupting services to customers and harming the Goldfish Swim School brand. The FDD also specifies that if a franchisee fails to meet any of the renewal conditions, Goldfish Swim School may refuse to renew or extend the terms of the Franchise Agreement.
In addition to maintaining possession of an approved location, Goldfish Swim School requires franchisees to meet several other conditions for renewal, including full compliance with the Franchise Agreement, making necessary capital expenditures to maintain uniformity with the System, satisfying all monetary obligations, not being in default of any provision, providing timely written notice of intent to renew, and signing the then-current Franchise Agreement. The terms and conditions of the renewed Franchise Agreement may differ materially from the original agreement, so franchisees should carefully review the new agreement before signing.