Goldfish Swim School Franchising LLC

At a Glance

Products & Services: Infant and child swimming lessons

Number of Locations: 14

Total Investment: $1.1M - $1.8M

Founded: 2006

Began Franchising: 2008

Franchise Units

Year U.S. Canadian International Company Owned
2014 13 0 0 1
2013 9 0 0 1
2012 4 0 0 1
2011 2 0 0 1
2010 1 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Illinois, Michigan, Midwest, Northeast, Ohio, Pennsylvania, South, Southeast.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,130,412 - $1,806,150
Franchise Fee: $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $750,000 - $1,000,000
Liquid Cash Available: $400,000 - $500,000
Operations
33% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 45. Absentee ownership of franchise is allowed. (33% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 weeks. At franchisee's location: 5 days.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media,