Water Wings Swim School
Franchise research report · reviewed 2026 disclosure data
Researching Water Wings Swim School franchise opportunities? Every figure below is cited to the FDD.
Water Wings Swim School franchise specializes in providing swimming lessons and water safety education for children and adults through professionally staffed aq
Headline figures
Water Wings Swim School quick facts
- Is Water Wings Swim School a franchise?
- Yes. Water Wings Swim School offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 13 outlets in total (2026 FDD, Item 20, PDF p. 63).
- How much does it cost to open a Water Wings Swim School franchise?
- The Water Wings Swim School Franchise Disclosure Document reports separate estimated initial investments by format: $1,033,500 for as incurred us, employees, third-party suppliers, approved suppliers, etc. total 15 — 1033500 (2026 FDD, Item 7, PDF p. 26); $994,400–$1,424,550 for total initial investment (2025 FDD, Item 7, PDF p. 25). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Water Wings Swim School initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $50,000 (2026 FDD, Item 5, PDF p. 15). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Water Wings Swim School charge?
- The disclosed ongoing royalty is $2,500 (2025 FDD, Item 6, PDF p. 17). The brand or advertising fund contribution is 7% (2026 FDD, Item 6, PDF p. 23). Other recurring fees are listed in Item 6. Details
- Does Water Wings Swim School disclose financial performance (Item 19)?
- Yes. The Water Wings Swim School FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 60). Figures apply only to the locations and period each one covers. Details
- How many Water Wings Swim School locations are there?
- The FDD reports 13 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 63). Existing locations do not indicate territory availability. Details
- Is Water Wings Swim School a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $1,033,500 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 2 separate groups: other measures for 8 Affiliate owned; Table2 adjusted with expected franchise fees locations; other measures for 8 Affiliate owned, unadjusted Table1 locations. They are not combined.
- 3Outlets grew by 1 in 2025, to 13 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Water Wings Swim School head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 26
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 15
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- OTHER FEES Type of Fee 1 Amount Due Date Remarks Royalty Fee — 6%Main ongoing fee
61 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
Two separate populations, not a revenue-and-profit comparison. Revenue is not owner income.
8 locations
Other measures · 8 locations
- Who is counted
- Eight affiliate corporate schools open throughout2024 and2025
- Period
- Occupancy
- Excluded
- Note1: 13 schools,1partialyear+4gymexcluded. Note2conflicts:12schools,3gym+2under12monthsexcluded. Note4noCOGSconflictswithtable; Note12technology400conflictsItem6current750.
- Method
- Unaudited. High/low expense data correspond to highest/lowest sales school, not independent extrema. Table2 hypothetical franchise fees. Payroll excludes bonuses/PTO/severance/fringes/training/owner distributions. EBITDA before interest/tax/dep/amort/debt service.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 63
Net +5 outlets, 2022–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($1,033,500) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 12 to 13 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 26
- [2]Standard initial franchise fee — Item 5 · PDF p. 15
- [3]Item 19 — Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025 · PDF p. 60
- [4]Item 19 — Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025 · PDF p. 60
- [5]Outlet counts — Item 20, Table 1 · PDF p. 63
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
17 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | deferred initial franchise fee costs—current | $1,074 |
| 2025 | deferred initial franchise fee costs—net of current maturities | $11,745 |
| 2025 | operating lease liability—current | $4,181 |
| 2025 | salaries and wages | $30,513 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$188 |
| 2025 | deferred attractions revenuesMore than one value recorded for this year — open the FDD source before comparing | $10,050 |
| 2025 | preferred units, $1,000 par value—312,968 authorized, issued, and outstanding | $304,582 |
| 2025 | membership liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,942 |
| 2025 | notes payable—current | $4,253 |
| 2025 | notes payable—net of current portion | $402,474 |
| 2025 | contract liabilities—net of current portion | $53,825 |
| 2025 | deferred franchise fee revenues—current | $4,186 |
These figures describe the franchisor company, not individual franchise locations.
What changed from 2025 to 2026
- Estimated initial investment: $994,400 – $1,424,550 → $1,033,500
- Franchise fee: $50,000 → $3,000
- System size: 24 → 13 units
SBA-backed loans to franchisees
Loading…
Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 43 · 2025 FDD
Our summary: Protected Area protection is subject to compliance and reserved rights; territory may overlap other protected areas.
“During the term of and subject to your compliance with the Franchise Agreement and any other agreement between you and us or our affiliates, we will neither operate nor grant others the right to operate another Water Wings Swim School business in the Protected Area, except for those rights reserved to us and our affiliates. ... The Protected Area may overlap with or be overlapped by the protected area of other Water Wings Swim School franchisees or locations that our affiliates own or operate, so long as there are no other Water Wings Swim School businesses in the area of overlap.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Median — Cost of goods sold
“Median $1,516,103 $46,184 $303,523 $90,966 $561,373 $1,346 $24,363 $505,144”
Note: Table 1 reports median Cost of Goods Sold of $46,184 on PDF page 60, while Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Low — Cost of goods sold
“Low $344,782 $9,533 $226,901 $24,135 $192,097 $(322) $22,411 $14,561 $(144,533) -41.9%”
Note: Table 2 reports low-group Cost of Goods Sold of $9,533 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold as of fiscal year-end 2025. The FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Low — Cost of goods sold
“Low $344,782 $9,533 $226,901 $20,687 $192,097 $(322) $14,561 $(118,675)”
Note: Table 1 reports Low Cost of Goods Sold of $9,533 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 High — Cost of goods sold
“High $2,836,794 8 $93,625 $507,028 $170,208 $988,972 $1,631 $51,640 $1,023,691”
Note: Table 1 reports High Cost of Goods Sold of $93,625 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 High — Cost of goods sold
“High $2,836,794 8 $93,625 $507,028 $198,576 $988,972 $1,631 $184,392 $51,640 $810,931 28.6%”
Note: Item 19 Table 2 reports high-group COGS of $93,625 on PDF page 60, while Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Median — Cost of goods sold
“Median $1,516,103 $46,184 $303,523 $106,127 $561,373 $1,346 $98,547 $24,363 $391,436 26.0%”
Note: Table 2 reports median Cost of Goods Sold of $46,184 on PDF page 60, but Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 number above average — Cost of goods sold
“No Above Avg. 4 4 4 4 4 4 4 3 4 7”
Note: Table 2 reports four schools above average for Cost of Goods Sold on PDF page 60, but Note 4 on PDF page 62 states no applicable Cost of Goods Sold at FY2025 end; the FDD does not reconcile the table count with that note.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Avg. — Cost of goods sold
“Avg. $1,592,892 $48,762 $320,967 $95,574 $565,051 $1,177 $29,673 $531,689”
Note: Table 1 reports average Cost of Goods Sold of $48,762 on PDF page 60, while Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Avg. — Cost of goods sold
“Avg. $1,592,892 $48,762 $320,967 $111,502 $565,051 $1,177 $103,538 $29,673 $412,222 18.4%”
Note: Table 2 reports average Cost of Goods Sold of $48,762 on PDF page 60, but Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 4 California 2024 — sold to franchisees
“2024 4 1 0 0 0 5”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 432,462 343,739”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total lia bil ities — 2023
“Total lia bil ities 532,132 419,045”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Unpa id insura nce los ses a nd los s adjus tment expens es — 2023
“Unpa id insura nce los ses a nd los s adjus tment expens es 6,080 10,034”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: TOTAL ASSETS — 2023
“TOTAL ASSETS $ 883,138 781,616 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Accrued l iabilities — 2023
“Accrued l iabilities 17,441 18,244”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 331,381 307,074”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 4,699 5,190”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred a ttra ction cos ts — 2023
“Deferred a ttra ction cos ts 20,258 15,535”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 389,199 262,540”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: net — 2023
“net 24,645 15,981”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current maturiti es — 2023
“Net of current maturiti es 12,329 19,418”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total current a s s ets — 2023
“Total current a s s ets 69,632 64,898”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Ca s h and cas h equival ents — 2023
“Ca s h and cas h equival ents 13,144 $ 16,048 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Inventory — 2023
“Inventory 598 1,366”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 51,751 53,087”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred a ttra ctions revenues — 2023
“Deferred a ttra ctions revenues 14,900 14,677”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 4,093 2,750”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Unea rned insura nce premium — 2023
“Unea rned insura nce premium 0 149”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Marketing funds — 2023
“Marketing funds 3,703 3,396”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total current l iabiliti es — 2023
“Total current l iabiliti es 60,143 61,350”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 31,039 42,068”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 3,505 2,893”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: at fa ir va lue — 2023
“at fa ir va lue 4,376 6,877”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 11,690 8,184”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 946 1,069”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 25,256 38,191”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: OTHER ASSETS — 2023
“OTHER ASSETS 388 112”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred income taxes — 2023
“Deferred income taxes 492 551”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Accounts paya bl e — 2023
“Accounts paya bl e 5,722 $ 4,017 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Prepaids a nd other current a s sets — 2023
“Prepaids a nd other current a s sets 5,173 7,471”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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