How many Goldfish Swim School outlets were operating in Minnesota at the start of 2023?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| S 2022 TO 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of Year | Outlets Opened | Termin -ations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
| Alabama | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | |
| 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 68–76)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, there were two outlets operating in Minnesota at the start of 2023. The table included in Item 20 of the FDD provides a detailed overview of the franchise's outlet status across various states from 2022 to 2024. This includes the number of outlets at the start of each year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, for Minnesota, the FDD indicates that in 2022, there was 1 outlet at the start of the year, with 1 additional outlet opening during the year, resulting in 2 outlets at the end of 2022. Moving into 2023, these 2 outlets were operating at the start of the year. During 2023, 1 more outlet was opened, bringing the total to 3 outlets by the end of 2023.
This information is crucial for prospective franchisees as it provides insight into the growth and stability of the Goldfish Swim School franchise in specific geographic areas. Understanding the historical data on outlet openings and closures can help potential franchisees assess the market potential and competitive landscape in their desired location. It's also important to note that past performance is not necessarily indicative of future results, and franchisees should conduct their own due diligence to determine the viability of a Goldfish Swim School franchise in their area.