What is the renewal fee for a Goldfish Swim School franchise?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
se Agreement attached as Exhibit C.
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Local Advertising | 2% of gross sales and if part of an advertising cooperative, no more than 5% of gross sales. | Quarterly | You pay directly to third party vendors, subject to our approval. (Section 11.2) We may require your expenditures to be used in cooperative advertising and such contribution amount is determined by the cooperative, of which you will be a voting member. (Section 11.4) Contributions to the advertising cooperative may exceed this local advertising requirement but in no event be more than 5% of gross sales, and you will receive credit for each dollar contributed to the cooperative toward your local advertising requirement. Goldfish Swim Schools operated by us or our affiliates in an area covered by an Advertising Cooperative will contribute to the Advertising Cooperative on the same basis as comparable franchisees and have the same voting rights as any comparable franchisee. Further information about all advertising programs is included in ITEM 11. |
| Renewal Fee | $10,000 | Payable when you sign the Renewal Franchise Agreement | Payable to us at time of renewal, so long as you satisfy all of the renewal requirements. |
Source: Item 6 — OTHER FEES (FDD pages 17–21)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, the renewal fee for a franchise is $10,000. This fee is payable when the franchisee signs the Renewal Franchise Agreement, assuming they meet all the renewal requirements.
Franchise renewal fees are a common practice, allowing the franchisee to continue operating under the established brand and system. The $10,000 renewal fee for Goldfish Swim School is a one-time payment due at the time of renewal, which is typical in the franchise industry.
Prospective franchisees should carefully review the renewal requirements outlined in the Franchise Agreement to ensure they are eligible for renewal and understand the conditions they must meet. It is also important to factor this renewal fee into the long-term financial planning for the franchise.