Franchising since 2008 · 1 locations
The initial franchise fee is $50,000. Michael Phelps Swim School - S currently operates 1 locations (1 franchised). PeerSense FPI health score: 44/100.
$50,000
1
1 franchised
Proprietary PeerSense metric
FairActive capital sources verified for Michael Phelps Swim School - S financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
New/Niche (1-2 loans)
SBA Default Rate
0.0%
0 of 1 loans charged off
SBA Loans
1
Total Volume
$0.8M
Active Lenders
1
States
1
Every year, approximately 4,000 people drown in the United States, and an estimated 37 percent of American adults cannot swim a 24-yard length of a pool without stopping — a public safety crisis that has existed for decades and that one franchise opportunity is uniquely positioned to address. The Michael Phelps Swim School S franchise is built on the structural foundation of the North Baltimore Swim School, an institution that dates back nearly 30 years and was founded by Cathy Lears Bennett, who remains the program director today. Michael Phelps himself was a student in the early 1990s at that original school, and in the fall of 2009 he formalized his investment in the program, converting a regional swim instruction institution into a globally recognized brand capable of attracting franchise partners on multiple continents. The school's original Meadowbrook site alone operates over 50 hours of instruction per week, a throughput figure that signals dense community demand and high repeat enrollment. Today, the Michael Phelps Swim School S franchise counts 1 total operating unit, with that single location operating as a franchised unit rather than a company-owned location, placing this brand at an extraordinarily early stage of its franchise development lifecycle. The international arm of the program is operated in India by Waveline Sports, the master license holder for the Michael Phelps Swimming program across that country, which has scaled to 12 centers across Mumbai and Pune serving approximately 10,000 active swimmers annually. The Michael Phelps Foundation, established in 2008, extended the brand's educational reach through its "im" program, which was designated Special Olympics' Official Swimming Program in 2011 and has been piloted across seven countries spanning six continents. For franchise investors who believe water safety instruction will become a mainstream enrichment category the way youth soccer leagues and music lessons have over the past two decades, the Michael Phelps Swim School S franchise opportunity represents a rare chance to enter a celebrity-backed, mission-driven brand at its earliest growth inflection point.
The swim school industry sits inside a broader youth enrichment and aquatics market that has attracted serious institutional attention. Competitive analysis of the swim school sector consistently references a total addressable U.S. market in the range of $20 billion, a figure that encompasses learn-to-swim programs, private instruction, competitive swim coaching, and water safety certifications. The market is frequently described by franchise analysts as "booming" and as having room for multiple dominant players — an unusually forgiving competitive structure compared to saturated categories like fast casual dining or residential cleaning. Several macro tailwinds support this characterization. First, drowning prevention has moved from a niche concern to a mainstream parenting priority, particularly as pediatric health authorities have updated guidance recommending swim instruction for children as young as one year old. Second, the post-pandemic expansion of residential and community pool construction has enlarged the addressable participant base meaningfully. Third, parents are increasingly investing in enrichment activities that carry dual value — both as recreational development and as genuine safety skills — and swimming checks both boxes in a way that few other extracurricular activities can. The industry is notably fragmented, with thousands of independent instructors, municipal recreation departments, and YMCA programs competing against a small but growing cohort of branded franchise concepts. That fragmentation is both a challenge and an opportunity: it signals that no single brand has yet achieved the kind of market saturation that forecloses new entrants, and it means a nationally recognized brand with celebrity association and a structured methodology can capture outsized market share in any geography it enters. The Michael Phelps Swim School S franchise operates in the "All Other Personal Services" category, a classification that encompasses high-repeat, service-intensive businesses with strong community loyalty characteristics — precisely the demand profile that historically supports sustainable franchise unit economics.
The Michael Phelps Swim School S franchise cost structure reflects its early-stage development, and prospective investors should analyze the available data carefully and request current Franchise Disclosure Document figures directly from the franchisor to understand all financial obligations. The program's Indian master licensee, Waveline Sports, has publicly described its fee structure as offering three models: a Fixed Fee arrangement, a Fixed Fee plus Revenue Share structure, and a pure Revenue Share model — suggesting the franchisor is willing to design deal structures that lower the upfront capital barrier for the right partners. Waveline Sports has explicitly positioned both capital expenditure (CAPEX) and operating expenditure (OPEX) as "extremely" low relative to comparable franchise categories, a claim that is consistent with the program's asset-light delivery model, which requires a pool (often leased or co-located) rather than a purpose-built facility costing millions of dollars in construction. For context on what a capital-intensive swim school investment looks like, a comparable franchise in the same industry requires total investment ranging from $1,825,500 to $3,687,000, inclusive of real estate and build-out costs, with a franchise fee of $50,000. The Michael Phelps Swim School S franchise investment is likely structured to be meaningfully more accessible than that range, given Waveline's stated emphasis on lowering the entry barrier and the brand's current single-unit scale in its franchised network. Veterans considering the Michael Phelps Swim School S franchise opportunity should inquire directly about any available incentives, as the broader swim school franchise category has established precedents for veteran discounts, including a 10 percent discount on franchise fees offered by other brands in the space. The program's curriculum, safety protocols including a 1:6 trainer-to-swimmer ratio, and brand infrastructure are all in place, meaning the primary investor question is not whether the operating model is validated but whether the franchisor has the infrastructure to support rapid multi-unit franchise expansion in its next phase of growth.
The daily operational model of the Michael Phelps Swim School S franchise is structured around a high-frequency, recurring-revenue service delivery cadence. Classes run 30 minutes in length, are offered in small groups capped at four to six students per instructor, and are available across multiple life stages — from the "Get Wet" program for swimmers and parents from 6 months to 3 years, through youth stroke development, all the way to adult instruction. The curriculum is segmented into six functional domains: learn-to-swim, personal safety, stroke development, water sports and games, personal growth, and rescue skills, ensuring that a student can remain enrolled and progressing within the same branded system for years rather than graduating out after a single eight-week session. Enrollment is ongoing with pro-rated monthly billing, a structural feature that stabilizes monthly revenue and reduces the administrative burden of cohort-based enrollment windows that plague many recreational education businesses. Staffing is built around a core team of highly trained instructors operating at a safety ratio of 1:6, with private instruction available as a premium service tier that typically commands higher per-session pricing and improves revenue per pool lane. The Waveline Sports franchise model in India provides franchisees with a comprehensive support architecture including training and staff onboarding, marketing and sales support, lead generation, business tools, business consultancy, and ongoing operations and quality review — a support stack that reflects industry-standard franchise operating infrastructure. The franchise acquisition process follows a structured pathway: initial contact, site visits, due diligence, team meetings covering economics, pricing and business strategy, formal agreement execution, and launch, which is consistent with the multi-week onboarding timelines typical of service-based franchise systems. For owner-operators, the small-group format and modest facility footprint mean that daily operations can be managed with a lean team, and the recurring enrollment structure creates a predictable weekly schedule.
Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document for the Michael Phelps Swim School S franchise. This is a critical data point for any investor conducting formal due diligence, and it means the franchisor is not currently providing average gross revenue, median unit revenue, or profit margin benchmarks within the FDD itself. However, publicly available operational data and industry benchmarks provide meaningful context for modeling unit-level performance. Waveline Sports' 12-center Indian operation generates approximately 10,000 active swimmers per year across Mumbai and Pune, suggesting an average of roughly 833 active swimmers per center at any given time. If those swimmers are enrolled on a monthly basis at even modest per-swimmer monthly fees, the revenue per center is potentially significant. In the broader swim school industry, well-operated boutique concepts with superior instructional methodologies have demonstrated the ability to achieve 30 to 35 percent profit margins on seven-figure annual revenues, a benchmark that reflects the combination of recurring enrollment, premium pricing for small-group instruction, and relatively low variable costs once fixed facility and staffing costs are covered. The original Meadowbrook location's 50-plus hours of weekly instruction capacity translates, at a conservative average of 5 swimmers per session across multiple simultaneous lanes, to potentially hundreds of weekly student-sessions — a throughput model that, when multiplied across monthly billing at market rates, produces compelling top-line revenue potential. The North Baltimore Swim School was awarded "Best of Baltimore" three times since 2002, a customer satisfaction signal that correlates with high retention rates, which are the primary driver of unit economics stability in subscription-style service businesses. Prospective franchisees should conduct primary research by visiting the existing Meadowbrook location, requesting enrollment and revenue data directly from the franchisor, and benchmarking against publicly disclosed financial performance figures from other swim school franchises in the market to triangulate a realistic unit economics model before committing capital.
The Michael Phelps Swim School S franchise exists at the intersection of two powerful growth vectors: the explosive global growth of the swim school franchise category and the unmatched brand authority of Michael Phelps, the most decorated Olympian in history with 28 Olympic medals across four Olympic Games. The brand's growth trajectory to date reflects a deliberate, methodical expansion rather than a hypergrowth land-grab — the original school launched nearly 30 years ago, Phelps formalized his investment in 2009, the Michael Phelps Foundation launched in 2008, the "im" program achieved Special Olympics designation in 2011, Arizona's first licensee came onboard through Pitchfork Aquatics in November 2015, and the Indian master franchise with Waveline Sports has grown to 12 centers. Each of these milestones represents a validated proof point in a different franchise model — foundation-based programming, state-level licensing in the U.S., and international master franchise — but the domestic franchise network remains at a single franchised unit, which is the key growth opportunity for investors entering now. The competitive moat this brand commands is structural and difficult to replicate: the combination of Michael Phelps' personal history as a student at the original school, his Olympic legacy, his foundation's water safety mission, his co-investment in the brand beginning in 2009, and his parallel entrepreneurial ventures including the MP line of technical swimsuits launched in April 2015 with Aqua Sphere and Phelps Ventures LLC, collectively create a brand narrative that no competitor can manufacture. The "im" program's seven-country, six-continent international pilot demonstrates that the methodology and brand translate across cultural and regulatory contexts, a critical validation for any investor considering multi-unit development in a new geography. The brand's FPI Score on the PeerSense platform is currently 44, classified as Fair, which reflects the early-stage franchise development status and the limited disclosed financial performance data — not a negative judgment on the underlying business quality, but an accurate reflection of the data availability at this stage of franchise maturation.
The ideal candidate for the Michael Phelps Swim School S franchise opportunity is an investor who combines a passion for youth enrichment, water safety, and community impact with the operational mindset of a service business operator. Unlike capital-intensive swim school concepts that require investors to commit $1.8 million to $3.7 million in total investment and manage large facility build-outs, the Michael Phelps Swim School S franchise model's emphasis on low CAPEX and OPEX positions it as accessible to a broader range of investor profiles, including first-time franchisees with strong community networks and relevant backgrounds in education, fitness, youth services, or aquatics. The brand's international expansion history — with success demonstrated across seven countries on six continents through the foundation's pilot program and across Mumbai and Pune through Waveline Sports' 12-center operation — signals that geographic versatility is a core system characteristic, suggesting that available territories in the United States represent genuinely underdeveloped market opportunity. Multi-unit development is an implied expectation for serious franchise partners, consistent with the broader swim school franchise industry's trend toward multi-unit deals; the comparable category leader signed a 10-unit deal in its Chicago home market alone in December 2019 and a 5-unit deal in Denver, signaling that swim school franchisees who commit to regional development are rewarded with stronger territory positions and brand investment. Prospective franchisees should anticipate a structured onboarding process covering economics, pricing strategy, and business strategy before agreement execution, and should plan for the ongoing operations and quality review process that is built into the support model. Community partnerships with schools, pediatric healthcare providers, and recreation departments represent the highest-yield customer acquisition channels for this category, and investors with pre-existing relationships in those networks will have a meaningful head start on enrollment ramp.
Any investor conducting serious due diligence on the Michael Phelps Swim School S franchise opportunity must weigh several factors simultaneously: the extraordinary brand authority that comes with the world's most decorated Olympian, the genuine public health mission underpinning the business model, the early-stage domestic franchise network that creates both opportunity and uncertainty, and the absence of Item 19 financial performance disclosure that requires investors to do additional primary research to model unit economics. The swim school industry's $20 billion total addressable market, the category's recession-resistant demand characteristics, and the fragmented competitive landscape all create structural tailwinds for a well-positioned brand entering its franchise growth phase. The Michael Phelps Swim School S franchise opportunity is not appropriate for investors seeking a turn-key, heavily documented franchise system with years of comparable unit performance data — it is appropriate for investors who recognize the value of entering a celebrity-anchored, mission-driven brand early, when territory availability is high and the brand's growth trajectory is still in its formative chapter. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools that allow investors to benchmark the Michael Phelps Swim School S franchise investment against every other swim school and personal services franchise in the database. The FPI Score of 44, classified as Fair, is a starting point for analysis rather than a final verdict — and PeerSense's full suite of independent franchise intelligence data gives investors the tools to conduct the kind of rigorous, fact-based due diligence that a decision of this magnitude demands. Explore the complete Michael Phelps Swim School S franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
FPI Score
44/100
SBA Default Rate
0.0%
Active Lenders
1
Key performance metrics for Michael Phelps Swim School - S based on SBA lending data
SBA Default Rate
0.0%
0 of 1 loans charged off
SBA Loan Volume
1 loans
Across 1 lenders
Lender Diversity
1 lenders
Avg 1.0 loans per lender
Estimated Monthly Payment
$5,176
Principal & Interest only
Michael Phelps Swim School - S — unit breakdown
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