What is Aira Fitness's policy on the purchase or lease of replacement fitness equipment?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
omplete the required maintenance, we reserve the right (but no obligation) to do so on your behalf and you must reimburse us for our costs and expenses.
- F. Modernization. From time to time as we require, you must modernize and/or replace items of the trade dress or equipment as may be necessary for your Aira Fitness Business to conform to the standards for similarly situated new Aira Fitness Businesses. For instance, we require that you modernize the Aira Fitness Business within five years of the Effective Date of this Agreement. We also require that you replace all fitness equipment within three years of the Effective Date of this Agreement. A transfer of any interest in this Agreement or your business governed by Section 11 or renewal covered by Section 4 is expressly conditioned upon your (or the transferee, as applicable) modernizing the Aira Fitness Business to conform to the standards for new Aira Fitness Businesses. You acknowledge and agree that the requirements of this Section are both reasonable and necessary to ensure continued public acceptance and patronage of the Aira Fitness Business and to avoid deterioration in connection with the operation of your Aira Fitness Business. If you fail to make any improvement or perform the maintenance listed above, we may, in addition to our other rights under this Agreement, effect such improvement or maintenance on your behalf and you must reimburse us for the costs we incur.
- G. Equipment Modernization. From time to time as we require, you must replace items of equipment as may be necessary for your Aira Fitness Business to conform to the standards for similarly situated new Aira Fitness Businesses. For instance, we require that you replace all fitness equipment within three years of the Effective Date of this Agreement. If you choose to purchase the fitness equipment, at the end of each three year period, you may offer your old equipment to anyone, but we have the right of first refusal to buy the equipment on the same terms and conditions as any potential buyer. You must give us seven (7) days' written notice of any potential sale of your old equipment and a reasonable opportunity to match any offer you have that you intend to accept. We are under no obligation to actually exercise our right of first refusal.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, franchisees are required to replace all fitness equipment within three years of the Effective Date of the Franchise Agreement. Franchisees have the option to either purchase or lease the equipment. If the franchisee chooses to purchase the fitness equipment, they may offer their old equipment to anyone at the end of each three-year period. However, Aira Fitness retains the right of first refusal to buy the equipment on the same terms and conditions as any potential buyer. The franchisee must provide Aira Fitness with seven days' written notice of any potential sale and a reasonable opportunity to match any offer. Aira Fitness is under no obligation to exercise this right.
Alternatively, if the franchisee chooses to lease the fitness equipment, they must return the old equipment to the designated or approved supplier at the end of each three-year period, as per the terms of the equipment lease. This designated or approved supplier may be Aira Fitness or its affiliate. The franchisee must then enter into a new purchase agreement or lease for replacement equipment with a designated or approved supplier, which again may be Aira Fitness or its affiliate.
Replacement fitness equipment must be purchased or leased from approved suppliers. Franchisees must use in the operation of the Aira Fitness Business only the proprietary or non- proprietary equipment that Aira Fitness specifies in the Manual or other written directives. The franchisee must purchase or lease an initial fitness equipment package from a supplier approved by Aira Fitness that may include Aira Fitness, its affiliate or a third party. Franchisees must purchase or lease all other equipment Aira Fitness designates (including the security and door access system, signage, and software) from a supplier approved by Aira Fitness that may include Aira Fitness, its affiliate, or a third party.