Goldfish Swim School vs Hi-Five Sports Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Goldfish Swim School vs Hi-Five Sports including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Goldfish Swim School Franchise
Hi-Five Sports Franchise
Investment $1,370,283 - $3,230,358$17,900 - $388,225
Franchise Fee $50,000 - $60,000$9,900 - $25,000
Royalty Fee 6%8.75%
Advertising Fee 2%-
Year Founded 20061990
Year Franchised 20092015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Goldfish Swim School Franchise
Hi-Five Sports Franchise
Experience --

Financing Options

 
Goldfish Swim School Franchise
Hi-Five Sports Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/Yes
Start-up Costs -/Yes-/Yes
Equipment -/Yes-/Yes
Inventory -/Yes-/Yes
Receivables -/Yes-/Yes
Payroll -/Yes-/Yes

Training & Support

 
Goldfish Swim School Franchise
Hi-Five Sports Franchise
Training On-The-Job Training: 40 hours Classroom Training: 40 hours On-The-Job Training: 13 hours Classroom Training: 5 hours
Support Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet PlatformNewsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Ad Templates Social media SEO Website development Email marketing
Operations Absentee Ownership Allowed Number of Employees Required to Run: 45Absentee Ownership Allowed

Number of Employees Required to Run: 1 - 3


Expansion Plans

 
Goldfish Swim School Franchise
Hi-Five Sports Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion Yes-

Company Overviews

About Goldfish Swim School

Goldfish Swim School is the premier learn-to-swim facility dedicated entirely to infants and children, ages four months to 12 years.
What does our cutting-edge swim school model have that makes it a leader in the industry? You feel it the moment you walk in. Something different. It’s more than vibrant colors chosen to inspire kids. More than a curriculum crafted to not only teach kids to swim but also to build their character. More than a shiver-free pool heated to 90 degrees. There’s something more. Something unexpected. Something that propels Goldfish Swim School beyond typical. It’s passon. Not just a passon for kids or a passion for swimming…   It’s a special passion for changing - even saving lives - by teaching kids to swim. 
The Goldfish Swim School Franchise is positioned as a leader in the thriving and profitable
children’s education and enrichment market; consistently recognized as one of the fastest-growing companies in franchising. ·Over 65 schools open or in development in more than 23 states

·Teaching over 54,000 students per week ·On pace to have over 100 locations open & operating in the next five years ·Consistently recognized by Entrepreneur, Franchise Business Review, Inc. and more!


The total investment necessary to begin operations as a Goldfish Swim School Area Developer is at least $1,390,283 to $3,250,358, depending upon the number of Swim Schools you develop. This estimate includes, as a Development fee, the Initial Franchise Fee of $50,000 for the first Swim School and one-half of the initial franchise fee for one subsequent Swim School at the reduced rate of $40,000. You would pay an additional $20,000 for each subsequent Swim School to be developed under the Area Development Agreement as part of your Development Fee and the remaining half of the Initial Franchise Fee for each additional Swim School developed when you sign each franchise agreement. In addition, if you sign an Area Development Agreement, you will also sign the Franchise Agreement for your first Swim School.


"Entrepreneur

#28 in Franchise 500 for 2020.
#29 in Franchise 500 for 2021.



About Hi-Five Sports

Hi-Five is your ticket to get in the game with your very own youth sports business. Hi-Five will give you the tools necessary to have your very own Hi-Five Sports Camp. We see our summer multi-sport camp as the "sporty" version of your typical day camp with all the themes and events that go along with it. Hi-Five Sports Franchises also include the following programs to feed into your Hi-Five Sports Camp.

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With nearly 30 years of experience, Hi-Five continues to innovate the youth sports industry with its unique take on "Youth Sports Entertainment".
Veteran Incentives  50% off franchise fee

"Entrepreneur
#464 in Franchise 500 for 2020.