What happens if an Aira Fitness franchisee fails to report monthly Gross Sales on time?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
You must verify and sign all reports submitted to us.
If you fail to report your monthly Gross Sales on a timely basis, we may estimate your Gross Sales; we may then withdraw any unpaid Royalties, National Marketing fees or other amount due by use of our Approved Payment Processor.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, franchisees are required to submit a report of Gross Sales for the preceding calendar month on the first day of each month. If a franchisee fails to report their monthly Gross Sales on time, Aira Fitness has the right to estimate the Gross Sales.
Following the estimation of Gross Sales, Aira Fitness can then withdraw any unpaid Royalties, National Marketing fees, or any other amounts due. This withdrawal will be executed through the Approved Payment Processor that the franchisee is required to use.
This policy highlights the importance of timely and accurate reporting of Gross Sales. Failure to comply can result in Aira Fitness taking unilateral action to estimate sales and collect fees owed, potentially creating financial strain for the franchisee. Franchisees should ensure they understand the reporting requirements and have systems in place to meet these deadlines to avoid these consequences.