When is the renewal fee for a Goldfish Swim School franchise payable?
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. |
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 is $10,000. This fee is payable when you sign the Renewal Franchise Agreement, provided you satisfy all renewal requirements.
In practical terms, a franchisee must pay Goldfish Swim School the $10,000 renewal fee at the time of renewal, which coincides with signing the agreement for the renewed term. This is contingent upon meeting all the franchisor's conditions for renewal, which are likely to include being in good standing, meeting performance metrics, and adhering to the franchise agreement throughout the initial term.
Franchise agreements typically require franchisees to formally request renewal within a specified timeframe before the current term expires. Goldfish Swim School franchisees should familiarize themselves with these deadlines and requirements to ensure timely payment of the renewal fee and continuation of their franchise. Failing to meet the renewal conditions could result in the franchise not being renewed, leading to a loss of the business and brand affiliation.