When is the Real Estate Fee paid to Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
n 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 Real Estate Fee, amounting to $2,500, is due when you sign the first Franchise Agreement related to your leasehold property. This fee is non-refundable. If you decide to develop multiple Goldfish Swim School locations, this fee is only assessed for the first location.
The Real Estate Fee covers Goldfish Swim School's expenses related to real estate and site selection assistance. This includes providing demographic information, site criteria, attendance at meetings or calls with you and your real estate broker, attendance at conferences with landlords or local real estate brokers, site tours, and access to real estate databases.
For a prospective franchisee, this means that the $2,500 fee is an upfront cost associated with securing the location for their Goldfish Swim School. It's important to note that this fee is non-refundable, so franchisees should carefully consider their site selection before signing the Franchise Agreement. The services covered by the fee can be valuable in finding a suitable location, but franchisees should assess whether they need this level of support or if they can handle site selection independently.