What is the dependency for crediting the Development Fee against the Initial Franchise Fee for Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
any provision to the contrary contained in any Franchise Agreement. However, we will credit Six Thousand Dollars ($6,000.00) of the Development Fee against the Initial Franchise Fee for each additional Franchise Agreement for a Aira Fitness Center executed pursuant to, and in accordance with, this
| notwithstanding any provision to th
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a portion of the Development Fee can be credited towards the Initial Franchise Fee under specific conditions. Specifically, Aira Fitness will credit $6,000 of the Development Fee against the Initial Franchise Fee for each additional Franchise Agreement for an Aira Fitness Center. This credit is only applicable if the agreement is executed pursuant to, and in accordance with, the Development Agreement.
This means that if a developer adheres to the terms outlined in the Development Agreement, they can reduce the financial burden of the Initial Franchise Fee for each additional Aira Fitness location they open. This is a significant benefit for developers looking to expand rapidly, as it lowers the upfront costs associated with each new franchise.
However, it is crucial for prospective developers to fully understand the Development Agreement and ensure they can comply with all its requirements. Failure to meet the obligations of the Development Agreement could result in the loss of this credit, increasing the overall investment required to open multiple Aira Fitness centers. Developers should carefully review the terms and conditions to assess their ability to meet the development schedule and other obligations.