What financial obligations must be satisfied before Aira Fitness will consent to a franchise transfer?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Payment of Amounts Owed.
All amounts owed by you to us or any of our affiliates, your suppliers or any landlord for the Aira Fitness Business premises and Authorized Location, or upon which we or any of our affiliates have any contingent liability must be paid in full.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, before Aira Fitness will consent to a franchise transfer, all outstanding financial obligations must be settled. Specifically, the franchisee must pay in full all amounts owed to Aira Fitness or its affiliates, as well as any debts to suppliers or landlords related to the Aira Fitness Business premises or authorized location. This also includes any contingent liabilities that Aira Fitness or its affiliates may have.
In addition to settling outstanding debts, the franchisee must also pay a transfer fee to Aira Fitness. If the transferee is an existing Aira Fitness franchisee, the transfer fee is $5,000. However, if the transferee is not an existing franchisee, the transfer fee is equal to Aira Fitness's then-current initial franchise fee. This fee compensates Aira Fitness for the administrative costs and efforts associated with the transfer process and the evaluation of the new franchisee.
These financial conditions ensure that Aira Fitness maintains financial stability and that the incoming franchisee is financially capable of operating the business successfully. It also protects the interests of Aira Fitness, its affiliates, suppliers, and landlords by ensuring that all outstanding debts are cleared before the transfer is completed. A prospective franchisee should carefully review these requirements and ensure they have the financial resources to meet these obligations before initiating a transfer.