Water Wings Swim School
Water Wings Swim School franchises enable operators to run year-round indoor swim schools that offer swim lessons, host athletic events and competitions, and provide other swimming-related programs for children and adults using proprietary trademarks, systems, and standards. The business model includes single-unit franchise agreements or multi-unit development agreements for 2-3 locations, with franchisees adhering to operational manuals, approved suppliers, and marketing requirements. It targets families and individuals seeking recreational swimming instruction and aquatic activities in a competitive children's development and recreation market.
Franchise Costs
6% royalty (greater of 6% Gross Sales or $2,500/mo) + 2% NAF (up to 6%) + $400-$750/mo technology fee + $100-$300/mo call center fee
Financial Performance
Item 19 Financial Performance
Data Based On: Data is based on 6 corporate-owned Swim Schools, with financial performance adjusted to reflect expected franchise fees for the fiscal year 2024.
* Average Gross Profit calculated as Average Gross Sales ($1,639,380) minus Cost of Goods Sold. Cost of Goods Sold is $0 as per Note 4. The average EBITDA ($423,776) was verified by summing all listed average expenses (Occupancy: $232,621, Advertising: $98,363, Payroll: $521,571, Insurance: $31,854, Royalty and Technology Fees: $106,560, Other Costs: $224,636) and subtracting them from average gross sales (1639380 - 0 - 232621 - 98363 - 521571 - 31854 - 106560 - 224636 = 423775, which is consistent with the reported $423,776 due to rounding). Best guess profit range (low and high) is estimated using the reported 'Low' ($203,431) and 'High' ($888,484) EBITDA values from Table 2, representing the range of profit experienced by the reporting units.
Extracted Item 19 Section
How Water Wings Swim School Compares
Key Insights
- Higher investment than 93% of Fitness Studios franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Water Wings Swim School Current | $994K – $1.4M | $50K | 6.0% | 0 |
| Planet Fitness | $1.5M – $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $459K – $908K | $43K | N/A | 2,290 |
| F45 Training | $349K – $786K | $60K | 7.0% | 751 |
| Pure Barre | $314K – $629K | $60K | 7.0% | 617 |
| HOTWORX | $259K – $878K | $20K | N/A | 578 |
Fitness Studios Average 55 franchises | $425K – $1.0M | $47K | 6.9% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.
Franchisee Contacts
14 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
14 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Water Wings Swim School franchise ranges from $994,400 to $1,424,550. This includes a franchise fee of $50,000. Ongoing royalty fees are 6.0% of gross sales.
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