What actions are required of the Aira Fitness developer to exercise the option to establish additional Franchised Businesses?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) In the event we seek to establish or license others to establish a Aira Fitness Center within the Development Area, we shall first offer you the option to establish such additional Franchised Business under our then-current terms and conditions. We shall provide you with written notice of our intent to establish or license another to establish an additional Franchised Business along with a general description of the proposed Franchised Business, a copy of the then-current Franchise Disclosure Document and Franchise Agreement and all other documents we deem necessary to include with the notice. You shall have thirty (30) days from the receipt of our notice to exercise the option to establish such additional Franchised Businesses by executing the Franchise Agreement and all other documents we require for such additional Franchised Businesses and to pay the initial fee due under the agreement. If you fail to execute the Franchise Agreement and other required documents and to pay the initial fee required under the Franchise Agreement within the said thirty (30) day period, you shall have no further right to establish or operate such additional Franchised Business. Notwithstanding the foregoing, in the event our bona fide arrangements or agreements with a bona fide third party, the lease restrictions for the proposed premises of the Franchised Business, or other circumstances or conditions related to the establishment of the additional Franchised Business, prevent
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, a developer who has completed the Development Schedule and is in full compliance with the Development Agreement has a right of first refusal to establish additional Aira Fitness centers within the Development Area.
To exercise this option, Aira Fitness will provide the developer with written notice of their intent to establish or license another to establish an additional franchised business. This notice will include a general description of the proposed franchised business, a copy of the then-current Franchise Disclosure Document and Franchise Agreement, and any other documents Aira Fitness deems necessary. The developer then has thirty (30) days from receipt of the notice to exercise the option.
To formally exercise the option, the developer must execute the Franchise Agreement and all other required documents for the additional franchised business and pay the initial franchise fee within the 30-day period. Failure to meet these requirements within the specified timeframe means the developer loses the right to establish or operate the additional Aira Fitness business. Note that the right of first refusal may be affected by agreements with third parties, lease restrictions, or other circumstances related to the establishment of the additional franchised business.