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Safe Splash Swim School Franchise ProfileChildren’s Franchises > Children's Fitness |
What Are the Initial Investment Requirements for a Safe Splash Swim School Franchise?
To open a Safe Splash Swim School franchise, the initial investment ranges from $24,250 to $1,907,710. This includes a franchise fee of $55,000. Potential franchisees should be prepared to cover additional costs, such as equipment, leasehold improvements, and operational expenses. A cash reserve of $24,250 to $1,907,710 is required, along with a net worth of $250,000 to $500,000 to ensure financial stability during the startup phase.
What Are the Ongoing Fees Associated with a Safe Splash Swim School Franchise?
Franchisees of Safe Splash Swim School are subject to ongoing royalty fees of 6% of gross sales, along with a marketing fee of 2%. These fees are essential for maintaining brand presence and supporting marketing efforts. Franchisees should factor these costs into their financial planning to ensure they can sustain profitability while adhering to brand standards.
What Is the Average Revenue Potential for a Safe Splash Swim School Franchise?
The average annual revenue per unit for a Safe Splash Swim School franchise is approximately $1,267,672, with a median annual revenue of $245,851. Revenue can vary significantly, with the lowest annual revenue reported at $64,487 and the highest at $2,226,044. Understanding these figures can help potential franchisees gauge the earning potential and make informed decisions about their investment.
How Quickly Can Franchisees Expect to Break Even?
Safe Splash Swim School franchisees can expect to reach their breakeven point in about 18 months. This timeline aligns with the investment payback period, indicating that franchisees may start to see a return on their investment relatively quickly. Effective management and adherence to operational guidelines can enhance the likelihood of achieving this breakeven milestone.
Safe Splash Swim School Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Safe Splash Swim School Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 96 | 112 | 128 |
| Net Change YoY | 16 | 16 | |
| Franchised Units | 85 | 94 | 103 |
| Net Change YoY | 9 | 9 | |
| Corporate Units | 11 | 18 | 25 |
| Net Change YoY | 7 | 7 |
Investment Overview
The Safe Splash Swim School franchise offers a low initial investment range of $24,250 to $1,907,710, making it accessible for various entrepreneurs. The initial franchise fee is set at $55,000, with ongoing royalty and marketing fees of 6% and 2% of gross sales, respectively. This structure provides flexibility for franchisees while ensuring brand support and marketing efforts are funded effectively.
Financial Performance
Safe Splash Swim School units generate impressive average annual revenues of $1,267,672, with a median revenue of $245,851. The financial metrics indicate a robust business model, with the highest recorded annual revenue reaching $2,226,044. These figures highlight the potential for profitability, especially for franchisees who effectively manage operations and marketing.
Operational Insights
Franchisees can expect a breakeven time of approximately 18 months, which aligns with the investment payback period. This relatively quick return on investment is appealing for new franchisees, allowing them to recoup their initial costs and start generating profit sooner. Effective operational management is key to achieving this timeline.
Franchise Growth
The Safe Splash Swim School franchise has shown steady growth, increasing from 85 franchised units in 2021 to 103 in 2023. This growth trajectory reflects the brand's expanding market presence and the increasing demand for swim education. The addition of corporate units, from 11 to 25 in the same period, further underscores the brand's commitment to scaling its operations.
Average Expenses
Franchisees should be aware of the average annual running expenses, which total around $231,601. Key expense categories include payroll for wet and dry staff, rent, and marketing costs. Understanding these financial obligations is crucial for effective budgeting and ensuring the operational success of each franchise unit.
Company Vision
Safe Splash Swim School is dedicated to providing high-quality swim education in a safe and enjoyable environment. The brand's mission emphasizes the importance of water safety and skill development for children, aiming to instill confidence and competence in young swimmers. This commitment to community and education positions Safe Splash as a leader in the swim school sector.
Frequently Asked Questions
The initial investment for a Safe Splash Swim School franchise ranges from $24,250 to $1,907,710. This includes the franchise fee and other startup costs.