Brand Dossier

Water Babies

FDD-based analysis. Item-level data. No franchisor input.

Water Babies costs $102,650 to $164,217 to open (2026 FDD Item 7), with a 10% royalty plus 2% ad fund (12% total ongoing). Deal-Specific reads on Fee Structure, Unit Economics, Operator Validation, and Term & Exit Terms, In Line on Litigation History. Independent analysis, no commissions, no franchisor revenue.
Not ranked in the Entrepreneur 2026 Franchise 500Children's BusinessesFDD issued 7/7/2025
Ranking ContextWater Babies is not ranked in the Entrepreneur 2026 Franchise 500. Zorzee is an independent publication and not affiliated with Entrepreneur Media.
Source File2026 Franchise Disclosure Document
About the Brand

About Water Babies

Water Babies franchises businesses that provide swimming and water survival instruction to babies, toddlers, and children, along with underwater photography services and retail product sales. Franchisees operate from one or more rented pools within a defined territory, serving families primarily in urban and suburban areas.

Source: Franchise Disclosure Document, rewritten by Zorzee

Investment Summary

The Numbers At a Glance

Total Investment Range
$102,650 to $164,217
FDD Item 7
Franchise Fee
$55,000
Development fee: No separate development fee disclosed in Item 5.
FDD Item 5
Royalty + Fees
12%
12% of Gross Revenue: 10% royalty plus 2% Advertising/marketing.
FDD Item 6
Earnings Claim
Disclosed (affiliate/corporate example)
Water Babies Item 19 reports only the affiliate's blended two-territory Gross Revenue; no franchised-outlet or per-unit average is disclosed.
FDD Item 19

Every value here comes straight from the FDD; anything not yet source-verified stays blank rather than estimated. The Pro figures and full interpretation unlock with a Pro membership.

The FDD Data Table

Everything the 2026 Filing Discloses

Every data point Zorzee tracks for this brand, in FDD Item order. Missing source data stays blank; Pro-only interpretation remains locked.

Already a Pro member?Read the full dossier →
ItemData PointValueSource
Item 3Litigation Actions (total) 0 actions disclosed FDD Item 3
Item 5Initial Franchise Fee The Initial Franchise Fee is $55,000 (Item 5, p.9). FDD Item 5
Item 5Development Fee No separate development fee disclosed in Item 5. FDD Item 5
Item 6Royalty Fee 10% of Gross Revenue per FDD Item 6
Item 6National Media Fund Pro FDD Item 6
Item 6Corporate Ad & Development Fund Pro FDD Item 6
Item 6Total Ongoing Fee Burden Pro Calculated (Item 6)
Item 7Total Investment (low) $102,650 FDD Item 7
Item 7Total Investment (high) $164,217 FDD Item 7
Item 8Required Purchases (food/supplies) Pro FDD Item 8
Item 11Franchisor Assistance Pro FDD Item 11
Item 12Exclusive Territory Pro FDD Item 12
Item 12Territory Size Pro FDD Item 12
Item 15Operating Participation Pro FDD Item 15
Item 17Initial Term Length Pro FDD Item 17(a)
Item 17Renewal Terms Pro FDD Item 17(b)-(c)
Item 17Required Remodel at Renewal Pro FDD Item 17(c)
Item 17Termination Triggers Pro FDD Item 17(f)-(h)
Item 17Transfer Fee Pro FDD Item 17(m), Item 6
Item 17ROFR Provisions Pro FDD Item 17(n)
Item 17Post-Termination Non-Compete Pro FDD Item 17(r)
Item 19Revenue Metric Disclosed Disclosed (affiliate/corporate example): Water Babies Item 19 reports only the affiliate's blended two-territory Gross Revenue; no franchised-outlet or per-unit average is disclosed. FDD Item 19
Item 20Total Franchised Units (2024) 0 FDD Item 20
Item 20Company-Owned Units (2024) 0 FDD Item 20
Item 20Total System Net Unit Growth (YoY) +0 FDD Item 20
Item 20Terminations Pro FDD Item 20
Item 20Agreements Signed, Not Yet Open Pro FDD Item 20
Item 21Audited Financials Pro FDD Item 21
Pro Data Points Locked
The free table maps every data point to its FDD source. Pro fills in the values and interpretation that require the full read.
Lock In My Founding Rate
The Signal Tracker

Five Signals From the 2026 Filing

Each signal turns one part of the filing into a read a buyer can act on. Strength means the disclosed data is favorable. In Line means it is typical for the category. Deal-Specific means the term is populated but you still have to model it against your own deal. Concern means the disclosed data is a real risk. The read is free. The reasoning behind it is the Pro read.

Fee Structure
Deal-Specific
FDD Item 6
The Pro Read

Fee obligations for Water Babies are source-backed from Items 5 and 6.

Unit Economics
Deal-Specific
FDD Item 19
The Pro Read

The franchisor discloses three years of real revenue, which shows consistency, but it is the affiliate's own operation across a small number of pools, not franchised locations. A buyer should read it as the originator's multi-year result rather than a franchisee benchmark.

Litigation History
In Line
FDD Item 3
The Pro Read

Source-reviewed FDD Item 3 discloses 0 actions. The legal-context read remains locked in Pro.

Operator Validation
Deal-Specific
FDD Item 20
The Pro Read

Item 20 unit trajectory is source-backed from the latest FDD tables for Water Babies.

Term & Exit Terms
Deal-Specific
FDD Item 17
The Pro Read

A ten-year term renewable into two five-year successor terms, with a notably wide post-term non-compete radius and a high royalty rate referenced in the renewal holdover context. The franchisor holds both a right of first refusal and a purchase option.

Five Reads In. The Reasoning Is Locked.
You can see where each signal lands. Pro gives you the why: the math, the source detail, and what to validate before you act.
Lock In My Founding Rate
Item 19: Earnings Disclosure

What the Earnings Claim Says, and What It Does Not

Water Babies has Unit Economics data in Item 19, but it does not provide one standard combined unit figure for Free to display. The disclosed cohorts, tiers, ranges, coverage, and read are included in Pro.

Disclosed (affiliate/corporate example)

The disclosed cohorts, tiers, ranges, coverage, and read are included in Pro. No combined figure is invented or exposed on Free.

What the Number Doesn't Tell You
Free, because misreading Item 19 is one of the costliest mistakes a first-time buyer can make.
  • Item 19 reports the disclosed sales or revenue metric. That is not profit, and not a forecast of what you would personally take home.
  • An average and a median are not the same number. Know which you are shown and how far apart they sit.
  • What reaches you is whatever survives operating costs and debt service. Item 19 never shows that figure.
Earnings Detail Locked
Pro reveals the filing's actual disclosure shape, coverage, ranges, and the Zorzee read without inventing a combined unit average.
Lock In My Founding Rate
Unit Count and Trajectory

A System Still Expanding

Total Units
2
As of 2024, FDD Item 20
Franchised
0
As of 2024, FDD Item 20
Company-Owned
0
As of 2024, FDD Item 20
Total System Net Change (YoY)
+0
As of 2024, FDD Item 20
Total System Units, Latest Available FDD Years
2
2023
2
2024

Water Babies trajectory is shown only where source-backed. Missing Item 20 fields stay blank inside the locked layout instead of removing the section.

Source: FDD Item 20 where present. Total system units, franchised plus company-owned. Not financial advice.

Beyond the Net Number
A net unit count is not the same as healthy stores. Pro breaks out openings, closures, terminations, and what the trajectory signals.
Lock In My Founding Rate
Litigation History

What FDD Item 3 Discloses

0 actions disclosed in source-reviewed FDD Item 3.

Source Status
Item 3 litigation detail not yet sourced
Not yet sourced. No zero-action conclusion has been loaded for this brand.
The Read · Pro
What a Litigation Count Doesn't Tell You
Free, because a raw lawsuit count is one of the most misread lines in any FDD.
  • A count means nothing without scale and time. Always compare it to system size and years covered.
  • The pattern matters more than the total. Repeated allegations matter more than isolated disputes.
  • Concluded and open matters are not the same weight. Open matters require different diligence than old resolved matters.
Litigation Read Locked
Pro gives the case-by-case read: allegations, status, scale context, and whether any pattern matters long before signing.
Lock In My Founding Rate
Editorial Analysis

The Zorzee Read

The Zorzee Take
The editor's synthesis: what the filing actually means once the numbers, diligence, and operator reality are weighed against each other. The Take names what matters, what does not, and what must be validated before any decision.
The Read · Pro
The Inversion
Charlie Munger's rule: to understand a thing, study how it fails. Zorzee stress-tests every brand against forecasting, site selection, management depth, and exit math. The framework is free. Which modes bite hardest for this brand, and the fix for each, is the read.
The Failure-Mode Read · Pro
The Editorial Read Is Locked
Pro unlocks the full Zorzee read on Water Babies: the editorial synthesis, the math behind the numbers, and the failure modes the filing reveals. Zorzee briefs the decision; you make it.
Lock In My Founding Rate

Zorzee editorial. Independent analysis. No franchisor review or approval. Not financial advice.

The Decision

You've Seen the Filing. The Read Is Still the Missing Piece.

The filing tells you what Water Babies costs to open. Pro adds the read on whether the numbers work for you, in your market, and whether this brand is a business or a job you bought.

Already a Pro member?Read the full dossier →
Lock In the Zorzee Pro Founding Rate
$9/month or $90/year
Founding rate, locked for life. Cancel anytime.
Founding rate closes October 1, 2026
This Dossier
  • The full read behind all five Signal Tracker verdicts
  • Pro FDD data points from fee burden through Item 17 and audited financials
  • The Item 19 earnings read where disclosed
  • The litigation and system-health read
  • The Zorzee Take and failure-mode analysis
Your Pro Membership
  • The Zorzee Report Pro every Tuesday, one franchise decoded each week
  • The full Signal Tracker across the portal
  • The Zorzee Files: FDD guides, DCF templates, and pro forma models (coming soon)
Lock In My Founding Rate

Four months of research and more confused than when you started?

You've seen the filings and the numbers. What none of it tells you is whether this is a business that fits your money and your life. That is what fifteen minutes with a Zorzee-approved independent Franchise Consultant is for: whether this brand belongs on your shortlist, and what to validate before it does. Working with one costs you nothing and carries no obligation. Your franchise fee is the same whether you use one or not.

Book My Free Zorzee Clarity Call
How does the consultant get paid, and is your analysis really neutral?

A Zorzee-approved Franchise Consultant never charges you. A franchisor pays the consultant a commission only if and when you decide to invest in a franchise they introduced you to. The analysis on this page earned nothing the moment you read it, no matter what you do next. That firewall is structural, not a promise: Zorzee's editorial earns no commission from franchise placements.

Zorzee earns no commission from franchise placements.

Related Dossiers

Compare the Category

More for Pro readers: Browse the Signal Tracker library and get The Zorzee Report Pro.

FAQ

Water Babies Franchise Questions, Answered

How much does a Water Babies franchise cost?

A Water Babies franchise costs $102,650 to $164,217 to open, disclosed in FDD Item 7 of the 2026 filing, covering the franchise fee, buildout, equipment, and working capital to breakeven. No commissions, no franchisor revenue, independent analysis only.

What are the royalty and fees for Water Babies?

Water Babies charges a 10% royalty plus a 2% brand and ad fund, a 12% total ongoing fee burden, disclosed in FDD Item 6.

What does Water Babies disclose in FDD Item 19?

No Item 19 earnings figure is disclosed for Water Babies in its 2026 FDD, so there is no franchisor-stated revenue number to read.

Does Water Babies have any lawsuits or litigation?

Water Babies's FDD Item 3 discloses no legal actions in the 2026 filing.

Is Water Babies a good franchise investment?

Zorzee does not rate franchises good or bad; it reports what the filing discloses so you can judge fit. Water Babies shows Deal-Specific reads on Fee Structure, Unit Economics, Operator Validation, and Term & Exit Terms, In Line on Litigation History. Whether it fits depends on your capital, your market, and your operating style. Independent analysis, no franchisor revenue.