Who must approve the designated Principal for the Aira Fitness franchise?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
We expect only business entities, and not individuals, to operate the Franchised Business. You must designate a Principal who must meet our approval. The Principal must maintain a majority ownership in your entity. The Principal must participate in and complete our Initial Training Program and must have authority to make decisions on your behalf and bind you with respect to matters and agreements between you and us. The Principal is expected to stay informed about our organizational plans, initiatives and direction by regular review of communications sent to you electronically or otherwise.
Source: Item 15 — **OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 47)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, if the franchisee is a business entity, Aira Fitness requires the franchisee to designate a Principal. This Principal must be approved by Aira Fitness. The Principal must maintain a majority ownership in the franchisee's entity.
The designated Principal is required to participate in and complete Aira Fitness's Initial Training Program. This ensures the Principal has the knowledge and skills to manage the franchise effectively. The Principal must also have the authority to make decisions and legally bind the franchisee in agreements with Aira Fitness.
The Principal is expected to stay informed about Aira Fitness's organizational plans, initiatives, and overall direction. This is achieved through regular review of communications sent electronically or otherwise. This requirement ensures that the Principal remains aligned with Aira Fitness's strategies and can implement them at the franchise level.