factual

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

Goldfish_Swim_School Franchise · 2025 FDD

Answer from 2025 FDD Document

5.10 Renovation of Approved Location

In addition to Franchisee's maintenance obligations under Section 13.2 of this Agreement and Franchisee's obligations to comply with the Brand Standards Manual, Franchisee shall renovate, remodel and modernize the Franchised Swim School to conform the Franchised Swim School to the current image of the Franchise System at our request (but not more often than every five years), taking into consideration the cost of the modernization, the life expectancy of the equipment and the then-remaining term of this Agreement. Within 60 days after receipt of Franchisor's written notice regarding required modernization, Franchisee shall prepare and complete drawings and plans for the required modernization. These drawings and plans must be submitted to, and their use approved by, Franchisor prior to the commencement of work. Franchisee shall complete the required modernization within the time reasonably specified by Franchisor in the written notice, not to exceed 12 months from the date you are notified of any required changes. Franchisee acknowledges and agrees that the requirements of this Section are both reasonable and necessary to ensure continued public acceptance and patronage of the Franchise System and to avoid deterioration or obsolescence in connection with the operation of the Franchised Swim School. If Franchisee fails to make any improvement as required by this Section or perform the maintenance described in Section 13.2, Franchisor may, in addition to our other rights in this Agreement, effect such improvement or maintenance and Franchisee must reimburse Franchisor for the costs incurred. Capital expenses necessary for the repair and maintenance of the Franchise Swim School to comply with Section 13.2 of this Agreement are not subject to time limitations described in this section. Franchisor may, in its sole discretion, require that Franchisee use a Project Manager or Owners Representative approved by Franchisor in connection with any such renovation or remodel, with the cost paid by Franchisee. With regard to any renovation or remodel of the Approved Location, Franchisee shall provide Franchisor with a detailed financial summary of the renovations, including without limitation the cost detail for all renovations made.

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 addresses maintenance, appearance, and remodeling requirements.

Specifically, Section 5.10 of the Franchise Agreement discusses the renovation of the approved location. Goldfish Swim School requires franchisees to renovate, remodel, and modernize their swim school to match the current image of the franchise system. These renovations are requested, but not more often than every five years. The franchisor considers the cost of modernization, the life expectancy of the equipment, and the remaining term of the agreement when requesting these changes.

Within 60 days of receiving written notice from Goldfish Swim School regarding required modernization, franchisees must prepare and submit drawings and plans for approval before starting any work. Franchisees must complete the required modernization within a reasonable timeframe specified by the franchisor, not exceeding 12 months from the notification date. If a franchisee fails to make the required improvements or perform necessary maintenance, Goldfish Swim School has the right to make those changes themselves, and the franchisee is responsible for reimbursing the costs incurred. Goldfish Swim School may also require the franchisee to use an approved Project Manager or Owners Representative for any renovation or remodel, with the franchisee bearing the cost. Franchisees must provide a detailed financial summary of all renovations to Goldfish Swim School, 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.