Where can I find the development schedule for Aira Fitness centers according to the Multi-Unit Development Agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT B TO THE MULTI-UNIT DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Aira Fitness centers. On or before the date set forth below, Developer is obligated by this Agreement to have signed Franchise Agreements, signed leases or purchase agreements, and commenced operating Aira Fitness Centers:
Last date for Execution of Lease or Date for Execution of Purchase Agreement for Commencement Franchise Agreement Franchisor Approved Site of Operations Upon the execution of this Agreement DEVELOPER: AIRA FITNESS [ENTITY NAME] FRANCHISING LLC An Illinois limited liability Franchisor A Dated: Dated: AIRA FITNESS MUDA 2025 - 18 - DEVELOPER INITIALS FRANCHISOR INITIALS
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the development schedule for Aira Fitness centers under the Multi-Unit Development Agreement is detailed in Exhibit B of the agreement. The document states that developers are required to open and operate a minimum of three Aira Fitness centers. The exhibit outlines the dates by which the developer must have signed Franchise Agreements, signed leases or purchase agreements, and commenced operations for the Aira Fitness centers.
Specifically, Exhibit B lists the "Last date for Execution of Lease or Date for Execution of Purchase Agreement for Commencement Franchise Agreement Franchisor Approved Site of Operations Upon the execution of this Agreement." This section of the exhibit will provide a timeline for fulfilling these obligations.
Prospective multi-unit developers should carefully review Exhibit B to understand the required milestones and deadlines for opening their Aira Fitness centers. Failure to adhere to the development schedule could result in penalties or termination of the agreement.