What is the renewal fee that a Goldfish Swim School franchisee must pay to the franchisor?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
4.2.3 Franchisee has, at its expense, made such capital expenditures as were necessary to maintain uniformity with any Franchisor-required System modifications such that the Franchised Swim School reflects Franchisor's then-current standards and specifications;
- 4.2.4 Franchisee has satisfied all monetary obligations owed by Franchisee to Franchisor (or any Affiliate), and has timely met these obligations throughout the term of this Agreement;
- 4.2.5 Franchisee is not in default of any provision of this Agreement or any other agreement between Franchisee and Franchisor;
- 4.2.6 Franchisee has given written notice of its intent to operate a successor franchise to Franchisor not less than eighteen (18) months nor more than twenty-four (24) months prior to the end of the term of this Agreement;
- 4.2.7 Franchisee has executed Franchisor's then-current form of franchise agreement (or has executed other documents at Franchisor's election that modify this Agreement to reflect the fact that the Franchise Agreement relates to the grant of a successor franchise), which franchise agreement shall supersede this Agreement in all respects, and the terms of which may differ from the terms of this Agreement by requiring, among other things, a different percentage Royalty Fee or Brand Fund Contribution; provided, however, that Franchisee shall not be required to pay the then-current Franchise Fee;
- 4.2.8 Franchisee has complied with Franchisor's then-current qualifications for a new franchisee and has agreed to comply with any training
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, a franchisee seeking to renew their franchise agreement must pay a renewal fee of $10,000. This fee is one of several conditions that must be met to qualify for a successor franchise agreement.
In addition to the renewal fee, the Goldfish Swim School franchisee must provide written notice of their intent to operate a successor franchise to the Franchisor, doing so no less than 18 months and no more than 24 months before the current agreement expires. The franchisee must also execute the franchisor's then-current form of franchise agreement, which may include different terms than the original agreement, such as a different royalty fee or brand fund contribution. However, the franchisee is not required to pay the then-current franchise fee again.
The Goldfish Swim School franchisee must also meet the franchisor's current qualifications for new franchisees, agree to comply with any training and certification requirements, and execute a general release of claims against the franchisor. Meeting all these conditions ensures the franchisee is eligible to continue operating their Goldfish Swim School under a new franchise agreement.