Seashore Academy
Formerly known as Freedom Learning Group
Bottom line
- Total investment $98K – $275K including a $55K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $3.4M/year. Estimated payback in 0.4 years.
- Rated MODERATE with a risk score of 64/100.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Seashore Academy unit return on the cash you put in?
Unlevered ROIC · per unit
184%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Seashore Academy units return on equity?
Equity IRR · 5-yr
29.3%
3.62× MOIC
Year-1 DSCR
2.75×
EBITDA ÷ debt service
Equity required
$9.2M
on $20.3M purchase
Total debt
$11.1M
SBA $5.0M + senior + seller note
Overview
About
Seashore Academy appears to be a swimming instruction or aquatic education franchise where franchisees operate swim schools or water safety training programs. Day-to-day operations likely include managing swimming instructors, scheduling lessons, maintaining pool facilities or partnerships, enrolling students, and conducting water-based educational programming for children and adults.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Seashore Academy presents elevated risk due to minimal franchise network (3 units), undisclosed going concern issues, lack of financial performance transparency, and royalty burden that consumes majority of reported profits.
Score breakdown · what drove the 64 / 100 rating
- 01MINOROnly 3 franchised units with unknown growth trajectory indicates minimal system traction and unproven scalability
- 02HIGHGoing Concern = False suggests franchisor may have financial instability or operational uncertainty
- 03MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if $438K average net income is achievable or representative
- 04MINORHigh investment range ($98K–$275K) with wide variance suggests unclear cost structure or inconsistent unit economics
- 05MINOR8% royalty on $3.38M revenue = $270K annual fee exposure, representing 62% of reported average net income
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Seashore Academy · FDD (2022) PDF