What are the
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4. | Governing Documents. Attached are copies of the documents and contracts governing the ownership, management and other significant aspects of the business organization (e.g., articles of incorporation or organization, partnership or shareholder agreements, etc.) of | ||
|---|---|---|---|
| This Attachment 2 is current and complete as of, 20 | |||
| Developer | |||
| By: | |||
| (print name) | |||
| Its: | |||
| Date: | |||
| Form of Owner. You are a (check one): | |||
| --------------------------------------------------------------------------------------------------- | ---------------------------------------- | ----- | |
| (a) | [ | ||
| General Partnership | ] | ||
| (b) | [ | ||
| Corporation | ] | ||
| (c) | [ | ||
| Limited Partnership | ] | ||
| (d) | [ | ||
| Limited Liability Company | ] | ||
| (e) | [ | ||
| Other | ] | ||
| Specify: | You are formed under the laws of | ||
| Business Entity. | You were incorporated or formed on, 20 | ||
| under the laws of the State of You have not conducted business under | |||
| any name other than your corporate, limited liability company or partnership name. | The | ||
| following is a list of all persons and contact information who have management rights and | |||
| powers (e.g., officers, managers, partners, etc.) and their positions and the holders of legal or | |||
| beneficial interest are listed below: | |||
| Holders of Legal or Beneficial Interest: | |||
| Name: | Name: | ||
| Position/Title: | Position/Title: | ||
| Home Address: | Home Address: | ||
| Telephone No.: | Telephone No.: | ||
| E-mail address: | E-mail address: | ||
| Percentage of ownership: | Percentage of ownership | % | |
| % | |||
| PERSONAL GUARANTOR | PERSONAL GUARANTOR | ||
| ------------------------------------------------ | ------------------------------------------------ | ||
| Personally and Individually (Printed Name) | Personally and Individually (Printed Name) | ||
| Personally | Personally and Individually (Signature) | ||
| and Individually (Signature) | |||
| Date: | Date: | ||
| HOME ADDRESS | HOME ADDRESS | ||
| TELEPHONE NO.: | TELEPHONE NO.: | ||
| PERCENTAGE OF OWNERSHIP | PERCENTAGE OF OWNERSHIP | ||
| IN FRANCHISEE: | IN FRANCHISEE: | ||
| % | % | ||
| 2024 | 2023 | 2022 | |
| ------------------------------- | ------------------ | ------------------ | ------------------ |
| Net Revenue | |||
| Revenue | $ 20,638,520 | $ 18,293,597 | $ 15,338,834 |
| Initial franchise fees | 973,500 | 751,111 | 572,028 |
| Brand fund fees | 7,107,549 | 6,322,770 | 5,238,689 |
| Management fees (Note 5) | 302,617 | 154,904 | 137,293 |
| Other charges | 1,456,000 | 1,301,300 | 1,138,980 |
| Total net revenue | 30,478,186 | 26,823,682 | 22,425,824 |
| Operating Expenses | 18,572,520 | 16,349,082 | 14,004,754 |
| Operating Income | 11,905,666 | 10,474,600 | 8,421,070 |
| Nonoperating Income (Expense) | |||
| Other income | 23,633 | 60,857 | 23,585 |
| Interest expense | - | - | (13,267) |
| Total nonoperating income | 23,633 | 60,857 | 10,318 |
| Consolidated Net Income | $ 11,929,299 | $ 10,535,457 | $ 8,431,388 |
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School FDD, the document includes various contracts and agreements related to the franchise system. Item 22 specifically addresses contracts, providing insight into the legal and financial obligations of both the franchisor and franchisee.
The FDD includes agreements and contracts governing the ownership, management, and other significant aspects of the business organization. These documents are current and complete as of a specific date, and they involve a developer. The document also requires a signature, printed name, title, and date.
Additionally, the FDD includes receipts, requiring information about the franchisee's form of ownership (such as general partnership, corporation, limited partnership, or limited liability company), the state under whose laws the entity was formed, and the date of incorporation or formation. It also requires a list of all persons with management rights and powers, their positions, and the holders of legal or beneficial interest, including their names, titles, addresses, telephone numbers, email addresses, and percentage of ownership. The FDD also requires personal guarantors to provide their printed name, signature, date, home address, telephone number, and percentage of ownership in the franchisee.
The FDD also presents financial data related to net property and equipment, net revenue, initial franchise fees, brand fund fees, management fees, other charges, total net revenue, operating expenses, operating income, nonoperating income, and consolidated net income. For example, in 2024, Goldfish Swim School's total net revenue was $30,478,186 and consolidated net income was $11,929,299.