When are the 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)
The 2025 Goldfish Swim School Franchise Disclosure Document states that franchisees are required to pay ongoing fees. Specifically, franchisees must pay a monthly royalty fee of 6% of gross sales. Additionally, franchisees are obligated to contribute up to 2% of gross sales to the brand fund.
While the FDD specifies the amounts of these ongoing fees, it does not explicitly state when these fees are invoiced to Goldfish Swim School franchisees. The document mentions that these fees are part of the franchise agreement, but it does not provide details on the invoicing schedule or payment terms.
A prospective Goldfish Swim School franchisee should inquire with the franchisor about the specific invoicing schedule for royalty and brand fund fees. Understanding when these fees are invoiced is crucial for managing cash flow and financial planning. It would be beneficial to ask for a detailed explanation of the payment terms, including due dates and any potential late payment penalties.