Goldfish Swim School FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the establishment and operation of a swim school that provides specialized quality swim instruction and superior customer service to its clients. The franchise aims to service local markets by offering group and private swim lessons as well as birthday parties, open swim times, swim clinics and many other aquatic activities to children aged 4 months to 12 years in a fun and colorful environment. The franchise will also service its clients by offering a snack bar and retail area.
Corporate Information
Goldfish Swim School Franchising LLC formed a limited liability company in Michigan on June 19, 2008 for the purpose of offering Goldfish Swim School franchises. Their principal business address is 2701 Industrial Row Drive, Troy, Michigan 48084. They have offered franchises since 2008.
Investment
The total investment necessary to begin operation of a Goldfish Swim School franchise is $1,673,263 to $3,728,930. This includes $50,000 – 60,000 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operations as a Goldfish Swim School Area Developer is $1,693,263 to $3,748,930. This includes, as a Development fee, the Initial Franchise Fee of $50,000 for the first Swim School and one-half of the initial franchise fee for one subsequent Swim School at the reduced rate of $40,000. You would pay an additional $20,000 for each subsequent Swim School to be developed under the Area Development Agreement as part of your Development Fee and the remaining half of the Initial Franchise Fee for each additional Swim School developed when you sign each franchise agreement. In addition, if you sign an Area Development Agreement, you will also sign the Franchise Agreement for your first Swim School.
