Goldfish Swim School is a specialized swim school offering group and private swim lessons for children. The franchise provides a fun, colorful environment for swim instruction, along with additional services like birthday parties and swim clinics.
Key Insights
- Goldfish Swim School began with a family's passion for water safety and child development, evolving into a premier provider of swim lessons dedicated to building confidence and essential life skills in children through a fun and nurturing environment.
- The business operates by offering swim classes in a controlled indoor pool setting, catering to various age groups and skill levels, with a curriculum focused on progress and enjoyment for each child.
- Operating within the child enrichment and recreational services sector, Goldfish Swim School addresses a continuous demand for early childhood development activities and safety education in a growing market.
Franchise Fee and Costs to Open
Exploring the financial picture of Goldfish Swim School gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $1,663,263 - $3,746,733, along with a franchise fee of $40,000 - $50,000.
Financial Performance and Revenue
Yearly gross sales of $1,473,513 and estimated earnings of $206,292 - $265,233 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 12.0-14.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Goldfish Swim School provides comprehensive training for new franchisees. The initial training period lasts for two weeks and takes place at their headquarters. This program offers operational guidance and swim instruction techniques. Goldfish Swim School also offers ongoing support and resources to aid franchisees in building their business. They provide a digital toolkit with marketing materials and operational manuals.
Legal Considerations
Legal considerations for a Goldfish Swim School franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a swim school franchise requires navigating a dynamic local market, with existing swim programs and family entertainment options presenting competition. Managing staff recruitment and retention, ensuring consistent quality in instruction, and maintaining a high standard of facility upkeep are operational considerations. Dependence on specific equipment suppliers for pool maintenance and teaching aids also forms part of the operational landscape.
Franchise Datasheet
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