What standards must a prospective transferee meet to be approved by Goldfish Swim School?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- (4) You must not be in default of this Agreement, any Franchise Agreement entered into pursuant to this Agreement or any other agreement between you and any of your affiliates and us or any of our affiliates. You must have satisfied on a timely basis all monetary and material obligations under the Franchise Agreements for all existing Swim schools.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the requirements for a Goldfish Swim School franchisee to transfer their franchise include not being in default of any agreements with Goldfish Swim School or its affiliates. The franchisee must have also satisfied all monetary and material obligations under the Franchise Agreements for all existing Goldfish Swim School locations in a timely manner.
This means that if a franchisee is looking to sell their Goldfish Swim School franchise, they must be current on all payments and in compliance with all terms outlined in their franchise agreement and any other agreements with the franchisor. Any outstanding financial obligations or breaches of contract could prevent the transfer from being approved.
Prospective franchisees should carefully review the franchise agreement and related documents to fully understand all requirements for transferring a franchise. It is important to maintain good standing with the franchisor to ensure a smooth transfer process if the franchisee decides to sell the Goldfish Swim School business.