What specialized systems are included in the leasehold improvements for a Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
4 Leasehold Improvements. To adapt a newly acquired facility for operation of the franchised swim school, it must be renovated. Leasehold improvement costs could include, without limitation, site testing and diligence, excavation, import and export of material, structural changes, concrete slabs, floor and window covering, wall treatments, carpentry, millwork, vapor barriers, wall and ceiling assemblies, doors and windows, painting, electrical, plumbing, heating and cooling systems, pool construction and related equipment, municipal, licensing, contractor's fees, pool pump and filtration equipment, pool water heating system, pool water quality monitoring, chemical controls and input systems, safety equipment for the pool and mechanical areas, and specialized systems responsible for maintaining consistent temperatures and humidity throughout the franchised Swim School. The cost of purchasing equipment will depend on the unique attributes of the Swim School's site, price variances and shipping distances from suppliers. Estimate include sales taxes and shipping costs. The cost of the leasehold improvements will vary depending on factors, including without limitation, municipal approvals required, modifications based on availability of required utilities, extent of existing demolition requirements, the space's previous use, the size, condition and location of the facility, local wage rates and the cost of materials. The amounts you pay for leasehold improvements are typically non-refundable. You should inquire about the refund policy of the contractor at or before the time of hiring. Some costs may be offset by construction allowances or landlord improvement commitments that you negotiate in your lease.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–27)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the leasehold improvements necessary to adapt a facility for a Goldfish Swim School franchise include specialized systems. These systems are responsible for maintaining consistent temperatures and humidity throughout the swim school.
In addition to these specialized systems, the leasehold improvements may include a variety of other modifications. These can include site testing and diligence, excavation, material import and export, structural changes, concrete slabs, and various coverings for floors and windows. Wall treatments, carpentry, millwork, vapor barriers, and wall and ceiling assemblies are also listed as potential improvements.
The leasehold improvements can also include doors, windows, painting, electrical and plumbing work, and heating and cooling systems. Furthermore, the construction of the pool and the installation of related equipment are considered leasehold improvements. This includes the pool pump and filtration equipment, the pool water heating system, pool water quality monitoring, chemical controls and input systems, and safety equipment for the pool and mechanical areas. The cost for all of these improvements can vary significantly based on the site's unique attributes, price variances, and shipping distances from suppliers.
The FDD notes that the costs of leasehold improvements are typically non-refundable, so prospective franchisees should inquire about the refund policy of the contractor before hiring them. However, some costs may be offset by construction allowances or landlord improvement commitments negotiated in the lease.