What is the minimum number of Aira Fitness centers a developer must commit to?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Aira Fitness centers. On or before the date set forth below, Developer is obligated by this Agreement to have signed Franchise Agreements, signed leases or purchase agreements, and commenced operating Aira Fitness Centers:
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a developer entering into a Multi-Unit Development Agreement is obligated to develop, open, and operate a minimum of three Aira Fitness centers. This commitment is formalized in Exhibit B of the Multi-Unit Development Agreement, which outlines the development schedule.
This requirement means that prospective multi-unit franchisees must be prepared to invest in and manage at least three locations. The agreement stipulates that the developer must have signed Franchise Agreements, leases, or purchase agreements for these locations by specified dates. Failing to meet this development schedule could result in penalties or termination of the agreement.
For potential Aira Fitness developers, this minimum commitment represents a significant investment and operational undertaking. It is crucial to carefully assess their financial capacity, management capabilities, and market conditions before entering into such an agreement. Understanding the development schedule and associated obligations is essential for successful execution of the multi-unit development plan.