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Goldfish Swim School

Goldfish Swim School

The total investment to open a Goldfish Swim School franchise ranges from $488,000 to $2.6M. The initial franchise fee is $50,000. Ongoing royalties are 6% plus a 4% advertising fee.

What is the Goldfish Swim School franchise?

Parents face a growing need for dependable water safety instruction and essential life skills for their children. Goldfish Swim School was created to address that need through structured swim lessons in an engaging setting. Chris and Jenny McCuiston opened the first location in Birmingham, Michigan, in 2006, after spending two years researching and developing the brand’s distinctive beach house design. Jenny, an accomplished swimmer with an academic background in Early Childhood Development & Family Studies, recognized an unmet need for better swim instruction as early as 2000. Chris holds a degree in Finance and was formerly Captain of the Michigan State University Baseball Team. He co founded the company and serves as its CEO. Goldfish Swim School Franchising, LLC, manages the franchise system. Chris’s brother, Andrew McCuiston, joined the company in 2008 when franchising began and now serves as President. The company is headquartered in Troy, Michigan. The first franchised location opened in 2009. By February 26, 2026, the system had grown to more than 200 locations across 40 states and Canada. Its proprietary Science of SwimPlay® curriculum is delivered in a tropical themed setting focused on water safety and skill development. PeerSense’s independent analysis reviews the franchise opportunity for prospective investors.

Children’s swim instruction is part of the broader Sports and Recreation Instruction category. The total addressable market for this specific subsector is not widely published, but the growth of brands such as Goldfish Swim School indicates sustained demand. Parents are increasingly focused on water safety, early childhood development, and structured activities. Swimming is widely viewed as a life skill rather than only a recreational activity, which supports continued spending on lessons. Demand is also supported by drowning prevention efforts, year round activity for children, and parental spending on experiences and skill development. These factors create recurring demand for swim instruction. The market includes many local and independent programs, while branded concepts can differentiate through standardized curricula, professionally managed facilities, and consistent customer service. Continued growth in family focused populations and consumer spending on children’s enrichment may support well positioned brands in capturing market share. Goldfish Swim School addresses this market with a specialized, professionally managed format and a consistent service model.

A Goldfish Swim School franchise requires a substantial initial investment because the concept uses purpose built facilities. The initial franchise fee is $50,000. Reported total initial investment ranges include $1,663,000 to $3,747,000 and $1,673,263 to $3,728,930, with an investment midpoint of $2,701,097. Other reported ranges include $1,315,283 to $3,045,358 and required capital between $1.37 million and $3.23 million. These amounts include the franchise fee, facility construction, specialized equipment, and opening working capital. The investment is above the typical swimming lessons subsector range of $1.24 million to $2.16 million, largely because the model calls for temperature controlled pools, advanced water filtration, and child focused amenities supporting the tropical themed environment and Science of SwimPlay® curriculum. Liquid cash requirements range from $450,000 to $600,000. The net worth requirement is between $750,000 and $1,500,000. One source reports an advertising royalty fee of 5%. Goldfish Swim School does not provide direct financing. Its established operating model may still be considered by franchisees seeking funding from third parties, including SBA and conventional lending sources. PeerSense introduces franchise buyers to those types of lenders but is not a lender.

The operating model centers on the Science of SwimPlay® curriculum and a tropical themed environment intended to provide a consistent experience for children and parents. Daily management includes caring for specialized pools, maintaining advanced filtration systems, supervising certified swim instructors, and coordinating front desk and administrative work. Staffing generally includes trained instructors who follow the brand curriculum, along with customer service and management personnel responsible for enrollment, parent communications, scheduling, and facility oversight. The dedicated beach house design distinguishes the concept from a general pool facility and supports its premium positioning. The source does not specify the length or locations of training programs. The curriculum and facility design indicate that franchisees and their management teams receive initial training, followed by continuing corporate support. Goldfish Swim School Franchising, LLC, based in Troy, Michigan, provides operational guidance, curriculum updates, marketing programs, and potentially assistance with specialized equipment and materials. Andrew McCuiston, the company’s President, plays a role in guiding the franchise system. The company is seeking multi unit franchise partners in high growth North American markets. On September 2, 2025, it signed an agreement to add seven swim schools in Los Angeles, California, with the first expected to open in late 2026. That followed six new school agreements awarded for California locations in 2023. In October 2022, Goldfish Swim School signed a multi unit agreement to bring five schools to Nashville, Tennessee. The model allows owner operators, although the investment and operating demands may suit buyers with strong management teams or a semi absentee approach.

The brand has a Loan Activity Score of 67, rated Strong, and its growth history provides information about system expansion and franchisee participation, though it does not replace unit level financial data. Franchising began in 2008, and the first franchised location opened in 2009. The system reached its 100th school during the pandemic. As of February 7, 2024, it had more than 160 schools in more than 30 states, with more than 150 additional schools in development. In May 2023, reports cited over 147 open locations and more than 150 additional schools under development. During 2023, the company opened 21 new schools across 13 states and signed agreements for 40 schools to be developed in 10 states over the following years. This exceeded a stated goal of opening 25 schools in 2023. In 2020, the system ended the year with 19 signed agreements and 14 new school openings, with five more projected for the first quarter of the following year. By February 26, 2026, the network had surpassed 200 locations across 40 states and Canada. Locations are concentrated in Michigan, New York, and the Mid Atlantic states.

Since franchising began in 2008, Goldfish Swim School has expanded from its first franchised location in 2009 to more than 200 locations across 40 states and Canada by February 26, 2026. The system had more than 160 schools in more than 30 states as of February 7, 2024, and over 147 open locations in May 2023, along with more than 150 additional schools under development. It opened 21 schools across 13 states in 2023 and 14 schools in 2020. The company signed an agreement on September 2, 2025, to add seven schools in Los Angeles, California, with the first expected in late 2026, after awarding six new California school agreements in 2023. The October 2022 agreement for five schools in Nashville, Tennessee, also reflects the company’s focus on multi unit development in metropolitan markets. Its competitive advantages include the proprietary Science of SwimPlay® curriculum, a tropical themed beach house setting, and an early presence in children’s swim instruction. The company was founded in 2006 and began franchising in 2008, giving it time to build brand recognition and market share. The cost of developing specialized pools, advanced filtration systems, and other facility features may make entry more difficult for smaller or less capitalized competitors. Goldfish Swim School reached its 100th school during the pandemic and continued pursuing franchise partners in Sacramento, San Diego, San Francisco, San Jose, and Los Angeles in California, as well as Louisiana, Maryland, Pennsylvania, Virginia, Dallas, Denver, Jackson in Mississippi, and Nashville in Tennessee.

The target franchisee is an investor with business experience and the financial capacity to support a premium concept. Candidates need liquid cash of $450,000 to $600,000 and net worth of $750,000 to $1,500,000. The source does not identify a specific industry background as mandatory, but management or operations experience and an interest in child development or education may fit the brand’s focus on water safety and skill development. Goldfish Swim School is actively seeking multi unit operators. The seven school Los Angeles agreement and five school Nashville agreement illustrate the expectation that some franchisees will develop and manage multiple locations within a territory. Available or identified North American markets include Sacramento, San Diego, San Francisco, San Jose, and Los Angeles in California, along with Louisiana, Maryland, Pennsylvania, Virginia, Dallas, Denver, Jackson in Mississippi, and Nashville in Tennessee. The system has gained meaningful penetration in Michigan, New York, and the Mid Atlantic states, where dense populations and family focused demographics may support demand. The development schedule can be lengthy. For example, the first Los Angeles school is expected in late 2026 after the agreement was signed in September 2025. The franchise agreement has a 15 year term, giving the franchisee a long period in which to develop and operate the business.

Goldfish Swim School serves a children’s enrichment market centered on water safety and skill development. Its Science of SwimPlay® curriculum and tropical themed facilities provide the core customer proposition. The company has a Loan Activity Score of 67, rated Strong, and grew from its 2006 founding to more than 200 locations across 40 states and Canada by February 26, 2026. It also reached its 100th school during the pandemic. The investment is substantial, with a $50,000 initial franchise fee and a total initial investment range of $1,663,000 to $3,747,000. PeerSense provides independent franchise research that includes SBA lending history, the Loan Activity Score, location maps with Google ratings, FDD financial data, and comparison tools. PeerSense can introduce qualified franchise buyers to SBA and conventional lenders, but it does not lend, fund, or approve loans.

Loan Activity Score

67/100

SBA Default Rate

0.0%

Active Lenders

43

According to its Franchise Disclosure Document or public business records, Goldfish Swim School has 110 locations, all owned by franchisees. Public SBA loan records show 43 lenders made 132 loans to franchisees of Goldfish Swim School. PeerSense calculates Goldfish Swim School's score as 67 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.

Franchising since 2006 · 110 locations

Investment

$488,000 to $2.6M

Franchise Fee

$50,000

Total Units

110

110 franchised

Loan Activity Score
Very high
67
SBA Lending
25
Lender Quality
11
Transparency
11
Reach
10
Momentum
10

Proprietary PeerSense metric

Strong
Capital Sources
43SBA lenders

Distinct lenders in public SBA records for Goldfish Swim School

132

Total SBA loans

$1.5M

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Goldfish Swim School

Loan Activity Score Breakdown

Major Brand (100+ loans)

Very High Confidence
67out of 100
Strong
Market Momentum10/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence11/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency11/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint10/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

0.0%

vs 10.8% peer avg

SBA Loans

132

Total Volume

$200.4M

Active Lenders

43

6 selective

States

31

vs. SBA Sector Average

+10.8%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (0.0%)
Item 19 financial data disclosed
110 locations nationwide

Data Insights

Key performance metrics for Goldfish Swim School based on SBA lending data

SBA Default Rate

0.0%

10.8% below peer avg

SBA Loan Volume

132 loans

Across 43 lenders

Lender Diversity

43 lenders

Avg 3.1 loans per lender

Investment Tier

Premium investment

$488,000 to $2,558,000 total

Goldfish Swim School: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2017

18 approvals. The best year on record for Goldfish Swim School.

Top SBA State

Illinois

13 SBA financed Goldfish Swim School locations, the densest operator footprint.

Average Loan Size

$1.5M

Median $1.5M. Use as a sizing anchor when modeling your own Goldfish Swim School unit.

Lender Concentration

36.4%

Moderately Spread

Share of Goldfish Swim School approvals captured by the top 3 SBA lenders.

Goldfish Swim School's SBA lending pipeline peaked in 2017 (18 approvals). The last five fiscal years account for 30% of cumulative volume ($79M approved). Operator density is highest in Illinois with 13 SBA financed locations. Average funded ticket sits at $1.5M, with the median at $1.5M. Lender mix is moderately spread: the top three SBA lenders account for 36.4% of approvals. Meaningful choice exists, but specific lenders carry the brand.

Payment Estimator

Loan Amount$390K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$5,052

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Goldfish Swim School, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Goldfish Swim School

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman