Can an Aira Fitness franchisee assign the Pod Purchase Agreement or sell/transfer the equipment, and if so, are there any conditions or restrictions?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Assignment: Franchisor's Affiliate may assign some or all of Franchisor's Affiliate 's rights under this Agreement to a third party. So long as any of Franchisee's payment obligations under this Agreement remain outstanding, Franchisee shall not assign this Agreement or sell or transfer the Equipment without Franchisor's Affiliate 's prior written consent.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a franchisee's ability to assign the Pod Purchase Agreement or sell/transfer equipment is restricted. Specifically, as long as any payment obligations remain outstanding under the agreement, the franchisee cannot assign the agreement or sell/transfer the equipment without the prior written consent of Franchisor's Affiliate.
This stipulation means that franchisees must obtain explicit permission from Pure Gym Equipment, LLC (Franchisor's Affiliate) before making any such transfer or sale while they still owe money on the equipment. This condition protects the financial interests of Pure Gym Equipment, LLC, ensuring they maintain control over the asset until all payments are settled.
For a prospective Aira Fitness franchisee, this implies that fully understanding the payment terms and potential resale or transfer restrictions is crucial. If a franchisee anticipates needing to sell or transfer the equipment before completing all payments, they should discuss this possibility with Pure Gym Equipment, LLC, and seek to negotiate terms that allow for such flexibility, if possible. Failure to comply with this requirement could result in a breach of the Pod Purchase Agreement.