Does Goldfish Swim School provide an approved date for opening?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Provide for an approved date for opening.
We estimate that the typical length of time between the signing of the Franchise Agreement and the opening of the franchise is 600 days. Factors that may affect your beginning operations include ability to secure permits, zoning and local ordinances, weather conditions and delays in installation of equipment and fixtures, satisfactory completion of our training programs
and your Designated Manager's or on-site general manager's (if different from the Designated Manager) successful completion of his/her CPR, first aid and lifeguard certifications. You must execute a lease or a binding purchase agreement for a site location within 180 days after signing the Area Development Agreement and/or Franchise Agreement, begin construction of your approved location within 330 days after signing the Area Development Agreement and/or Franchise Agreement, and open your franchised swim school and be operational within 600 days after signing the Franchise Agreement. (Sections 5.3, 5.4, 5.5, and 5.6). If you execute an Area Development Agreement, you are required to open additional franchised swim schools pursuant to the Development Schedule.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 32–42)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the franchisor provides for an approved date for opening the franchise.
Goldfish Swim School estimates that the typical length of time between signing the Franchise Agreement and opening the franchise is 600 days. However, several factors could affect the beginning operations, including securing permits, zoning and local ordinances, weather conditions, delays in equipment installation, and satisfactory completion of training programs.
Furthermore, franchisees must execute a lease or binding purchase agreement for a site location within 180 days after signing the Area Development Agreement and/or Franchise Agreement. Construction of the approved location must begin within 330 days after signing the Area Development Agreement and/or Franchise Agreement. The franchised swim school must be operational within 600 days after signing the Franchise Agreement.