Does Goldfish Swim School review the franchisee's lease or purchase agreement?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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- review and accept your lease or purchase agreement for the approved site for the franchised swim school. (Section 5.3)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 32–42)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, Goldfish Swim School will review and accept the lease or purchase agreement for the approved site of the franchised swim school. This is part of the assistance Goldfish Swim School provides before the franchisee opens their swim school.
Site selection is a crucial step in establishing a successful franchise. Goldfish Swim School provides franchisees with site selection criteria and evaluates proposed sites, considering factors such as population demographics (including the number of children under 9), income levels, and proximity to competitors. This evaluation process typically takes around 30 days.
Franchisees are generally responsible for locating and securing a site that meets Goldfish Swim School's standards. Franchisees must use a real estate broker that Goldfish Swim School approves. Goldfish Swim School provides written notice of approval or disapproval of a proposed site within 30 days of receiving all requested information. If a suitable site cannot be agreed upon within 180 days after signing the Franchise Agreement, Goldfish Swim School may terminate the agreement.