What was the total amount of initial franchise fees collected by Goldfish Swim School in 2024?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
chisees 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 for 2024 do not explicitly state the total amount of initial franchise fees collected during that year. However, the document does provide some relevant information. It states that the initial franchise fee is $50,000, but this fee can be reduced when opening additional franchises. As of December 31, 2024, there were 215 signed franchise agreements.
To determine the total initial franchise fees collected in 2024, one would need to know how many new franchise agreements were signed during that year and whether any reductions in the initial franchise fee were applied. The FDD indicates that at the end of 2023, there were 197 signed franchise agreements. Therefore, 18 new franchise agreements were signed in 2024. Without knowing how many franchisees paid the reduced fee, we can estimate that Goldfish Swim School collected approximately $900,000 in initial franchise fees in 2024.
A prospective franchisee should inquire directly with Goldfish Swim School about the actual amount of initial franchise fees collected in 2024 to gain a clearer understanding of the company's revenue streams and growth patterns. This information can be crucial for assessing the financial health and stability of the franchise system.