FDD ITEM 20 · FISCAL 2014–2016
SafeSplash Swim School OR Swimtastic Swim School Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2016), SafeSplash Swim School OR Swimtastic Swim School reported 104 franchised outlets at year end. 5 of 59 franchised outlets open at the start of the year left the system — an annualized exit rate of 8.5%— while 50 new outlets opened. Systemwide units moved +412.5% over 2014–2016.
| Status (FTC) | 2014 | 2015 | 2016 |
|---|---|---|---|
| Outlets at start | 24 | 24 | 81 |
| Opened | 6 | 45 | 50 |
| Transfers | 0 | 0 | 2 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 2 |
| Ceased — other reasons | 0 | 8 | 5 |
| Outlets at end | 24 | 81 | 123 |
| Net change | 0 | +57 | +42 |
0 terminations + 0 non-renewals + 5 ceased (other) = 5 exits ÷ 59 at start = 8.5%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (2) are resales, not exits; reacquisitions by the franchisor (2) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| TX | 18 | 4 |
| WA | 7 | — |
| CA | 6 | 10 |
| CO | 6 | 5 |
| MI | 5 | — |
| NJ | 5 | — |
| OH | 5 | — |
| NV | 4 | — |
| FL | 3 | — |
| UT | 3 | — |
| WI | 3 | — |
| NE | 2 | — |
| OR | 2 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing SafeSplash Swim School OR Swimtastic Swim School's numbers, including talking you out of a bad deal.
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