Is an individual or a business entity expected to operate the Aira Fitness Franchised Business?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
We expect only business entities, and not individuals, to operate the Franchised Business. You must designate a Principal who must meet our approval. The Principal must maintain a majority ownership in your entity. The Principal must participate in and complete our Initial Training Program and must have authority to make decisions on your behalf and bind you with respect to matters and agreements between you and us. The Principal is expected to stay informed about our organizational plans, initiatives and direction by regular review of communications sent to you electronically or otherwise.
Your Aira Fitness Business must be managed and supervised by a General Manager, who may be the Principal. Your General Manager need not have any equity interest in the franchisee or the business entity thatowns or operatesthe franchise. YourGeneralManagerwillbe responsiblefor allday-to-dayoperational decisions affecting your Franchised Business. YourGeneral Manager must exert his or her full time besteffortsto the development and operation of your FranchisedBusiness and must attend and complete the Initial Training Program and all other training programs that we require from time to time. The General Manager must have the authority to make all day-to-day operations decisions affecting your Franchised Business, and may not engage in any other business activity, directly or indirectly, that requires substantial management responsibility or time commitments or that otherwise interfereswith his or her role as your General Manager.
We may request that the Principal be present at the Aira Fitness Business for any inspection or evaluation we conduct. All officers, directors, members and all managers, instructors and other employees of yours having access to our proprietary information must execute non-disclosure agreements in a formwe accept.
All owners in the franchisee must sign a personal guaranty.
Source: Item 15 — **OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 47)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, Aira Fitness expects only business entities, and not individuals, to operate the Franchised Business. The franchisee must designate a Principal who must be approved by Aira Fitness and maintain a majority ownership in the entity. This Principal is required to complete the Initial Training Program and have the authority to make decisions and bind the franchisee in agreements with Aira Fitness. The Principal is also expected to stay informed about Aira Fitness's organizational plans and initiatives through regular communications.
While the franchise must be owned by a business entity, the daily operations of the Aira Fitness Business must be managed and supervised by a General Manager, who may or may not be the Principal. The General Manager does not need to have any equity interest in the franchisee. The General Manager is responsible for all day-to-day operational decisions and must dedicate their full-time efforts to the development and operation of the franchise. The General Manager must also attend and complete the Initial Training Program and any other required training programs.
The Principal may be requested to be present at the Aira Fitness Business for inspections or evaluations conducted by Aira Fitness. All officers, directors, members, managers, instructors, and other employees with access to proprietary information must execute non-disclosure agreements. Additionally, all owners in the franchisee entity must sign a personal guaranty.