When are royalties and brand fund fees invoiced to Goldfish Swim School franchisees?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
wim School Franchising, LLC and Subsidiary (the "Company") is engaged in franchising and support of franchisees in the establishment and operations of Goldfish Swim Schools. Franchise schools are located throughout the United States.
The Company executes franchise agreements that establish the terms of its arrangement with franchisees. The franchise agreements require the franchisee to pay an initial fee of $50,000, with a reduction in the fran
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, franchisees are required to pay ongoing fees. Specifically, franchisees pay a monthly royalty fee of 6% of gross sales and contribute up to 2% of gross sales to the brand fund.
While the FDD excerpt specifies the amounts and frequency of these payments (monthly), it does not explicitly state when these fees are invoiced to Goldfish Swim School franchisees.
Prospective franchisees should inquire directly with Goldfish Swim School about the exact invoicing schedule for royalties and brand fund fees to fully understand the payment terms and plan accordingly. Understanding the invoicing schedule is crucial for managing cash flow and ensuring timely payments.