To whom is the Real Estate/Rent payment for a Goldfish Swim School made?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment When Due | To Whom Payment Is To Be Made | |
|---|---|---|---|---|
| Franchise Fee 1 | $40,000 - 50,000 | ,000 - 50,000 Cashier's Check | Us | |
| Real Estate Fee | $0 - 2,500 | Cashier's Check | ||
| Real Estate/Rent 3 | $0 - 82,000 | As Arranged | Before and During Ini |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–27)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, real estate and rent payments are made to the lessor. The estimated initial investment for real estate and rent can range from $0 to $82,000, depending on whether the franchisee owns the property or leases it.
This payment covers the costs associated with leasing a facility suitable for operating the Goldfish Swim School, typically ranging from 6,000 to 9,500 square feet. The estimate includes expenses to enter into a lease agreement and rental expenses for the initial three months of operation. However, it does not include property acquisition or real estate costs if the franchisee chooses to purchase the building.
Prospective franchisees should consider the variability of real estate costs based on location, square footage, and maintenance costs. The lower end of the estimate assumes property ownership, eliminating security deposit and rent obligations. Conversely, the higher estimate assumes leasing and includes three months' rent plus a security deposit. Franchisees should also investigate potential security deposit refunds if the lease is canceled before occupying the premises.
Understanding these real estate payment details is crucial for budgeting and financial planning. Franchisees should carefully evaluate their real estate options, considering both leasing and purchasing, to determine the most suitable and cost-effective approach for their Goldfish Swim School location.