factual

Which section of the Goldfish Swim School Franchise Agreement details the requirements for maintenance, appearance, and remodeling?

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

5. Maintenance, Appearance and Remodeling Requirements 36

Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 30–32)

What This Means (2025 FDD)

According to the 2025 Goldfish Swim School Franchise Disclosure Document, Section 5 in Chapter 3 of the Brand Standards manual outlines the maintenance, appearance, and remodeling requirements for the franchise.

Specifically, Section 5.10 of the Franchise Agreement addresses the franchisee's obligation to renovate, remodel, and modernize the franchised swim school to conform to the current image of the franchise system. Goldfish Swim School can request these updates, but not more often than every five years, considering the cost, equipment life expectancy, and the remaining term of the agreement. Franchisees must submit drawings and plans for the modernization within 60 days of receiving written notice, and complete the work within a timeframe specified by Goldfish Swim School, not exceeding 12 months from notification.

Furthermore, if a franchisee fails to make required improvements or perform necessary maintenance as described in Section 13.2 of the Franchise Agreement, Goldfish Swim School has the right to step in and complete the work, with the franchisee responsible for reimbursing the costs incurred. Capital expenses for repairs and maintenance to comply with Section 13.2 are not subject to the time limitations mentioned earlier. Goldfish Swim School may also require the franchisee to use an approved project manager or owner's representative for any renovation or remodel, with the franchisee bearing the cost. Finally, the franchisee must provide Goldfish Swim School with a detailed financial summary of all renovations, including cost breakdowns.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.