Goldfish Swim School Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$50,000
Investment required
$1,673,000 - $3,729,000
Goldfish Swim School: Leading the Way in Child-Centric Swim Education
Goldfish Swim School is a leading franchise in the learn-to-swim industry, dedicated to teaching life-saving and life-changing skills to children. The franchise was founded in 2006 by Jenny and Chris McCuiston in Birmingham, Michigan, where they opened the first Goldfish Swim School.
The concept quickly gained popularity due to its unique, child-friendly approach and the McCuistons' background in swimming and early childhood development. Today, the company is headquartered in Troy, Michigan.
Goldfish Swim School stands out in the industry with its proprietary curriculum called the "Science of SwimPlay®," which combines guided play with expert instruction to boost children’s cognitive and physical development while they learn to swim.
The swim schools feature tropical-themed facilities, including 90-degree pools designed to keep children comfortable as they learn. Since it began franchising in 2009, Goldfish Swim School has consistently expanded its reach, helping over 185,000 students learn to swim each week.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | Amount |
| Franchise Fee | $40,000 - $50,000 |
| Real Estate Fee | $10,000 |
| Real Estate/Rent | $0 – $82,000 |
| Architectural Fees | $34,500 – $85,000 |
| Leasehold Improvements | $1,334,230 – $2,685,033 |
| Insurance | $4,283 - $5,700 |
| Training | $17,250 - $37,000 |
| Furniture, Fixtures, Equipment, Computers, and Decor | $100,000 - $126,500 |
| Initial Advertising Expense | $30,000 - $70,000 |
| Licenses, Permits, & Deposits | $4,500 - $54,697 |
| Legal & Accounting | $8,500 - $35,000 |
| Project Manager/Owner’s Representative | $15,000 – $45,000 |
| Water Tap Fees | $0 – $93,000 |
| Additional Funds (3 months) | $75,000 - $350,000 |
| TOTAL | $1,673,263 – $3,728,930 |
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Franchise Disclosure Document
Training
Goldfish Swim School provides comprehensive training to ensure that franchisees and their teams are well-prepared to operate their swim schools successfully.
- On-Boarding Training: This initial phase takes place at the Goldfish Swim School headquarters. During this period, new franchisees receive instruction from various departments, covering essential topics such as business management, customer service, and marketing strategies specific to the swim school industry.
- Goldfish University: After On-Boarding, franchisees and their general managers participate in this extensive training program. It includes both classroom instruction and hands-on experience. The focus is on implementing Goldfish Swim School’s proprietary curriculum, "The Science of SwimPlay®," ensuring that all franchisees maintain the brand's high standards of swim instruction.
- Ongoing Support and Training: Beyond the initial training, Goldfish Swim School provides continuous support and additional training opportunities. This helps franchisees stay current with the latest operational practices, marketing techniques, and customer engagement strategies to ensure long-term success
Territory Protection
Goldfish Swim School franchisees are typically granted territory protection, which ensures that they have exclusive rights to operate within a specific geographic area. This protection prevents other Goldfish Swim School franchises from opening within the designated territory, allowing franchisees to fully capitalize on the market potential in their region.
The details of the territory protection, including the size and specific boundaries, are outlined in the franchise agreement, providing clarity and security for franchise owners.
