What is the transfer fee for a Goldfish Swim School franchise if the transferee is new to the system?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks | |
|---|---|---|---|---|
| Transfer Fee | $2,500 if the transfer is to a transferee who is already part of the System, 50% of the then-current initial franchise fee if the transferee is new to the System. $10,000 under the Area Development Agreement | At the time of transfer | Payable to us at time of transfer. Does not apply to an assignment under Section 18.3 of the Franchise Agreement or an assignment under Section 8.C of the Area Development Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 17–21)
What This Means (2025 FDD)
According to Goldfish Swim School's 2025 Franchise Disclosure Document, the transfer fee depends on whether the transferee is already part of the Goldfish Swim School system. If the transferee is new to the system, the transfer fee is 50% of the then-current initial franchise fee. However, if the transferee is already a Goldfish Swim School franchisee, the transfer fee is $2,500.
This fee is payable to Goldfish Swim School at the time of the transfer. It's important to note that this transfer fee does not apply to assignments under Section 18.3 of the Franchise Agreement or Section 8.C of the Area Development Agreement. Prospective franchisees should carefully review these sections to understand the conditions under which the transfer fee may be waived.
For prospective franchisees, understanding the transfer fee is crucial, especially if they plan to sell their franchise in the future. The fee can significantly impact the financial outcome of a sale, particularly if the initial franchise fee has increased since the original agreement. It is important to note that the initial franchise fee is not specified in this document. Therefore, it is important to contact Goldfish Swim School directly to determine the current initial franchise fee.