Franchise opportunities compared

    Hydrogen Fitness vs W ATER W INGS S WIM S CHOOL trademarks and system

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Initial investment · Item 7

    Hydrogen Fitness

    $983,000 – $2,804,500

    2026 FDD · Item 7 · PDF p. 18

    W ATER W INGS S WIM S CHOOL trademarks and system

    $994,400 – $1,424,550

    2025 FDD · Item 7 · PDF p. 25

    Initial franchise fee · Item 5

    Hydrogen Fitness

    $49,500

    2026 FDD · Item 5 · PDF p. 12

    W ATER W INGS S WIM S CHOOL trademarks and system

    $50,000

    2025 FDD · Item 5 · PDF p. 15

    Royalty · Item 6

    Hydrogen Fitness

    Greater of 4% of Gross Revenue or $1,000 per month

    2026 FDD · Item 6 · PDF p. 14

    W ATER W INGS S WIM S CHOOL trademarks and system

    $2,500

    2025 FDD · Item 6 · PDF p. 17

    Before you compare

    • Hydrogen Fitness figures come from its 2026 FDD and W ATER W INGS S WIM S CHOOL trademarks and system figures from its 2025 FDD, so the years differ.
    • Item 19 figures cover the location groups each FDD names (Hydrogen Fitness: 2, W ATER W INGS S WIM S CHOOL trademarks and system: 5). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Hydrogen Fitness

    $983,000 – $2,804,500
    TOTAL
    2026 FDD · Item 7 · PDF p. 18

    W ATER W INGS S WIM S CHOOL trademarks and system

    $994,400 – $1,424,550
    Total Initial Investment
    2025 FDD · Item 7 · PDF p. 25
    Standard initial franchise fee (Item 5)

    Hydrogen Fitness

    $49,500
    A separate Opening Inventory Package is estimated at approximately $10,000 to $15,000 depending on business size.
    2026 FDD · Item 5 · PDF p. 12

    W ATER W INGS S WIM S CHOOL trademarks and system

    $50,000
    2025 FDD · Item 5 · PDF p. 15
    Royalty (Item 6)

    Hydrogen Fitness

    Greater of 4% of Gross Revenue or $1,000 per month
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 14

    W ATER W INGS S WIM S CHOOL trademarks and system

    $2,500
    Royalty Fee
    2025 FDD · Item 6 · PDF p. 17
    Brand / advertising fund (Item 6)

    Hydrogen Fitness

    2% of gross revenue
    Brand Fund Contribution
    2026 FDD · Item 6 · PDF p. 14

    W ATER W INGS S WIM S CHOOL trademarks and system

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Hydrogen Fitness

    2
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 40

    W ATER W INGS S WIM S CHOOL trademarks and system

    12
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 63
    Net outlet change (Item 20)

    Hydrogen Fitness

    +1
    Calculated: 1 at end of 2023 → 2 at end of 2025

    W ATER W INGS S WIM S CHOOL trademarks and system

    +4
    Calculated: 8 at end of 2022 → 12 at end of 2024
    Outlet exits (Item 20)

    Hydrogen Fitness

    Not available
    No complete exit records for a year

    W ATER W INGS S WIM S CHOOL trademarks and system

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Hydrogen Fitness

    March 2024
    2026 FDD · Item 1 · PDF p. 9

    W ATER W INGS S WIM S CHOOL trademarks and system

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Hydrogen Fitness

    Formed January 3, 2024
    2026 FDD · Item 1 · PDF p. 9

    W ATER W INGS S WIM S CHOOL trademarks and system

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Hydrogen Fitness
    Company-owned (2 locations) — revenue and other measures
    $2,202,594
    other Gross Revenue
    2026 FDD · Item 19 · PDF p. 39
    Locations counted not stated in the reviewed record
    $1,774,451
    other Gross Revenue
    2026 FDD · Item 19 · PDF p. 39
    WAW ATER W INGS S WIM S CHOOL trademarks and system
    Locations counted not stated in the reviewed record — Water Wings Swim Schools owned and operated by affiliates (Corporate Schools),…
    $2,722,319
    other Table 1 corporate schools FY2024 High
    2025 FDD · Item 19 · PDF p. 60
    Locations counted not stated in the reviewed record — Water Wings affiliate-owned corporate schools; Table 2 reflects expected franch…
    $163,339
    other Table 2 corporate schools FY2024 with expected franchise fees High
    2025 FDD · Item 19 · PDF p. 60
    Locations counted not stated in the reviewed record — Water Wings Swim Schools owned and operated by affiliates (Corporate Schools),…
    $374,979
    other Table 1 corporate schools FY2024 High
    2025 FDD · Item 19 · PDF p. 60
    +2 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Hydrogen Fitness vs W ATER W INGS S WIM S CHOOL trademarks and system: common questions

    Which costs less to open, Hydrogen Fitness or W ATER W INGS S WIM S CHOOL trademarks and system?
    Hydrogen Fitness: $983,000 – $2,804,500 (2026 FDD · Item 7 · PDF p. 18); W ATER W INGS S WIM S CHOOL trademarks and system: $994,400 – $1,424,550 (2025 FDD · Item 7 · PDF p. 25). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Hydrogen Fitness. Estimates are not quotes, and the FDD years may differ.
    How do Hydrogen Fitness and W ATER W INGS S WIM S CHOOL trademarks and system royalties compare?
    Hydrogen Fitness: Greater of 4% of Gross Revenue or $1,000 per month (2026 FDD · Item 6 · PDF p. 14); W ATER W INGS S WIM S CHOOL trademarks and system: $2,500 (2025 FDD · Item 6 · PDF p. 17). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Hydrogen Fitness or W ATER W INGS S WIM S CHOOL trademarks and system?
    Hydrogen Fitness: 2 (2026 FDD · Item 20 · PDF p. 40); W ATER W INGS S WIM S CHOOL trademarks and system: 12 (2025 FDD · Item 20 · PDF p. 63). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Hydrogen Fitness and W ATER W INGS S WIM S CHOOL trademarks and system disclose financial performance (Item 19)?
    Hydrogen Fitness has reviewed Item 19 figures for 2 location groups; W ATER W INGS S WIM S CHOOL trademarks and system has reviewed Item 19 figures for 5 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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