What was the total amount of initial franchise fees collected by Goldfish Swim School in 2021?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
wim School Franchising, LLC and Subsidiary (the "Company") is engaged in franchising and support of franchisees in the establishment and operations of Goldfish Swim Schools. Franchise schools are located throughout the United States.
The Company executes franchise agreements that establish the terms of its arrangement with franchisees. The franchise agreements require the franchisee to pay an initial fee of $50,000, with a reduction in the franchise fee for opening additional franchises.
Source: Item 22 — CONTRACTS (FDD pages 76–77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Goldfish Swim School's financial statements include notes regarding franchise agreements. These agreements stipulate that franchisees must pay an initial fee of $50,000. However, the FDD does not explicitly state the total amount of initial franchise fees collected by Goldfish Swim School in 2021.
While the number of signed franchise agreements and open swim schools at the end of 2021 is disclosed, this information is insufficient to calculate the total initial franchise fees collected during that year. Specifically, the FDD states that at December 31, 2021, there were 157 signed franchise agreements and 47 signed area development agreements, with 121 swim schools open and operating. It is important to note that the initial franchise fee may be reduced for franchisees opening additional locations.
To determine the total initial franchise fees collected in 2021, a prospective franchisee should ask Goldfish Swim School for clarification on the number of new franchise agreements signed and the total initial fees collected during that specific year. This information is crucial for understanding the franchisor's revenue streams and growth patterns.