Where can individuals in New York submit receipts related to Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain English. Read this disclosure document and all agreements carefully.
If AIRA Fitness Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale (or sooner if required by state law). New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If AIRA Fitness Franchising LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agencies listed in Exhibit A to this disclosure document.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
The 2025 Aira Fitness Franchise Disclosure Document states that New York requires Aira Fitness to provide the disclosure document to prospective franchisees at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. The FDD also mentions that franchisees must use the bookkeeping, accounting, and record-keeping system prescribed by Aira Fitness and submit periodic reports, forms, and records as specified in the Operations Manual.
To ensure uniform financial statements, Aira Fitness reserves the right to require franchisees to use a standard Chart of Accounts for tracking income and expense items and to have a fiscal year-end of December 31. Franchisees must keep all records, including receipts, invoices, payroll records, check stubs, bank deposit receipts, sales tax records and returns, business and personal tax returns, and journals and transactions, on file at their principal office for five years and make them available to Aira Fitness.
The FDD specifies that franchisees must furnish a report of Gross Sales for the preceding calendar month on the first day of each calendar month in the manner designated by Aira Fitness, potentially through required software programs. Additionally, franchisees must provide monthly profit and loss statements and balance sheets, calendar year-end balance sheets, annual profit and loss statements, all state and local sales tax returns, and all federal, state, and local income tax returns upon request. All reports submitted must be verified and signed.
The FDD does not explicitly state where in New York individuals can submit receipts related to Aira Fitness. It is most likely that receipts are submitted to Aira Fitness corporate or uploaded via a technology system. A prospective franchisee in New York should ask the franchisor directly about the specific procedures and locations for submitting receipts and other financial documents.