For a Goldfish Swim School successor franchise, what capital expenditures are franchisees responsible for?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor has the right to change or modify the System from time to time including, without limitation, the adoption and use of new or modified Marks or copyrighted materials, the presentation of the Marks, and computer hardware, software, required equipment, inventory, supplies, signs or sales and marketing techniques, certification requirements, modifications to the Confidential Brand Standards Manual, the offered products and services, the building and premises of the Franchised Swim School (including the trade dress, décor, and color schemes), and the adoption of new administrative forms and methods of reporting and payment of any monies owed to Franchisor (including electronic means of reporting and payment). Within 30 days after receipt of written notice from Franchisor, Franchisee shall begin selling any newly authorized products and services and cease selling products and services that are no longer authorized. Franchisee shall accept and use any such changes in, or additions to, the System as if they were a part of this Agreement as of the Effective Date. Franchisee shall make such expenditures as such changes, additions or modifications in the System as Franchisor may require at Franchisee's sole cost and expense. Any required expenditure for changes or upgrades to the System shall be in addition to expenditures for repairs and maintenance as required in Section 13.2. Franchisee shall be required to make any and all improvements or modifications whenever such are required by law, regulation, agency decision or court order.
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, franchisees are responsible for expenditures related to changes or modifications to the Goldfish Swim School system. These expenditures are the franchisee's sole cost and expense. These changes or upgrades to the system are in addition to expenditures for repairs and maintenance.
Goldfish Swim School has the right to change or modify its system from time to time. This includes adopting new or modified marks or copyrighted materials, changes to computer hardware, software, required equipment, inventory, supplies, signs, sales and marketing techniques, certification requirements, modifications to the Confidential Brand Standards Manual, the offered products and services, and the building and premises of the Franchised Swim School (including the trade dress, décor, and color schemes). It also includes the adoption of new administrative forms and methods of reporting and payment of any monies owed to Goldfish Swim School.
Within 30 days after receiving written notice from Goldfish Swim School, franchisees must begin selling any newly authorized products and services and stop selling products and services that are no longer authorized. Franchisees must accept and use any changes or additions to the system as if they were part of the agreement from the effective date. Franchisees are also required to make any and all improvements or modifications whenever required by law, regulation, agency decision, or court order.