What is the name of the document that outlines the development schedule for Aira Fitness centers?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT B TO THE MULTI-UNIT DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
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 the 2025 Aira Fitness Franchise Disclosure Document, the development schedule for Aira Fitness centers is outlined in a document called the "Development Schedule." This document is also identified as Exhibit B to the Multi-Unit Development Agreement.
For multi-unit developers, this schedule is a critical component of their agreement with Aira Fitness. It specifies the dates by which the developer must have signed Franchise Agreements, secured leases or purchase agreements, and commenced operations for their Aira Fitness centers. Meeting these deadlines is essential for remaining in compliance with the Development Agreement.
The Development Schedule ensures that multi-unit developers are committed to a structured and timely expansion of the Aira Fitness brand. It also allows Aira Fitness to monitor the developer's progress and ensure that they have the resources and capabilities to meet their obligations. The franchisor may request periodic reports from the developer regarding their progress in establishing the franchises under the agreement.