Does the Aira Fitness Disclosure Document include a sample Pod Package Purchase Agreement for Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
se Option
If you choose to purchase the Pod Package from our affiliate, the estimated purchase price is $40,000. You are also responsible forfreight and delivery costs, which will range from$5,000 to $10,000. If you choose this option, you must pay for the Pod Package in cash in full upon signing the Pod Package Agreement. The purchase price and freight and delivery costs are not refundable under any circumstances.
Pod Package – Lease Option
If you choose to lease the Pod Package from our affiliate, you must pay our affiliate a deposit amount equal to $12,000. You are also responsible forfreight anddelivery costs, which willrange from$5,000to $10,000, Beginning on the 1st day of the next month following delivery of the Pod, you must begin paying rent equal to $600 per month. We estimate you will make between one and two lease payments prior to opening for business, which will range from $600 to $1,200. Deposits, rent, and freight and delivery costs underthe Pod Package Lease are not refundable under any circumstances.
Source: Item 22 — **CONTRACTS (FDD page 59)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, if a franchisee chooses to purchase the Pod Package, they must pay for it in full upon signing the Pod Package Agreement. The estimated purchase price for the Pod Package is $40,000, with additional freight and delivery costs ranging from $5,000 to $10,000. These costs are non-refundable under any circumstances. The FDD also states that the standard form Pod Package Purchase Agreement is attached to the Disclosure Document as Exhibit H. Therefore, the Aira Fitness FDD includes a sample Pod Package Purchase Agreement.
For franchisees who opt to lease the Pod Package, a deposit of $12,000 is required, along with the same freight and delivery costs ranging from $5,000 to $10,000. Additionally, rent payments of $600 per month begin the month following the Pod's delivery. The FDD specifies that the standard form Pod Package Lease, along with a Personal Guaranty, is attached as Exhibit I.
Prospective franchisees should carefully review both the Pod Package Purchase Agreement and the Pod Package Lease to understand their obligations, payment terms, and any potential liabilities. Understanding the terms of these agreements is crucial for making an informed decision about whether to purchase or lease the Pod Package and for managing the financial aspects of the Aira Fitness franchise.