Is written notice of intent to renew required for a Goldfish Swim School franchise?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
------------------------------------------------------------| | | | with current training and certification requirements; pay to us the renewal fee of $10,000; and sign a general release in a form the same as or
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 54–64)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, to renew the franchise agreement, a franchisee must comply with current training and certification requirements, pay a renewal fee of $10,000, and sign a general release form similar to the one attached to the Franchise Agreement. The excerpt does not explicitly state that a written notice of intent to renew is required.
However, it is common practice in the franchise industry to require franchisees to provide written notice of their intent to renew the franchise agreement within a specified timeframe before the expiration of the current term. This allows the franchisor to plan for the future and make necessary arrangements.
Since the provided FDD excerpts do not specify whether Goldfish Swim School requires written notice of intent to renew, it is essential for a prospective franchisee to clarify this point with the franchisor during their due diligence. Understanding the renewal process and any associated requirements is crucial for making an informed decision about investing in a Goldfish Swim School franchise.