What happens to old fitness equipment at the end of each three-year period if an Aira Fitness franchisee chooses to lease the equipment?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
If you choose to lease the fitness equipment, at the end of each three year period, you must return the old equipment to the designated or approved supplier of the fitness equipment or otherwise per the terms of the equipment lease, which designated or approved supplier may be us or our affiliate.
You must then enter into a purchase agreement or lease for replacement equipment with a designated or approved, which may be us or our affiliate.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, if a franchisee chooses to lease their fitness equipment, they are required to return the old equipment at the end of each three-year period. The equipment must be returned to the designated or approved supplier, who may be Aira Fitness or one of its affiliates. The specific terms of this return will be detailed in the equipment lease agreement.
Following the return of the old equipment, the franchisee must then enter into either a purchase agreement or a new lease for replacement equipment. This new agreement must also be with a designated or approved supplier, which again could be Aira Fitness or one of its affiliates. This ensures that the Aira Fitness location consistently uses equipment that meets the brand's standards.
This policy ensures that Aira Fitness locations maintain up-to-date equipment, which is crucial for attracting and retaining customers. For a prospective franchisee, it's important to carefully review the equipment lease terms to understand the full scope of their responsibilities and costs associated with equipment replacement. Understanding the designated suppliers and the terms of both the return and the new lease or purchase agreements is also essential for financial planning.