factual

Must a transferee meet Aira Fitness's current requirements for a new franchise at the time of transfer?

Aira_Fitness Franchise · 2025 FDD

Answer from 2025 FDD Document

We condition our consent to any proposed transfer, whether to an individual, a corporation, a partnership or any other entity upon the following:

Transferee Qualifications.

The transferee must meet all of our then-current requirements for the franchise we are offering at the time of the proposed transfer.

Source: Item 23 — **RECEIPTS (FDD pages 59–254)

What This Means (2025 FDD)

According to Aira Fitness's 2025 Franchise Disclosure Document, a transferee must meet all of Aira Fitness's then-current requirements for a new franchise at the time of the proposed transfer. This means that the person or entity buying an existing Aira Fitness franchise must satisfy the same criteria that Aira Fitness uses to evaluate new franchisees.

These qualifications could include factors like financial stability, business experience, management skills, and other criteria Aira Fitness deems important. The transferee will also need to comply with the training requirements outlined in Section 7.B of the franchise agreement. This ensures that the new owner is properly trained to operate the Aira Fitness business according to the franchisor's standards.

In addition to meeting the standard qualifications, the existing franchisee must also be current on all payments owed to Aira Fitness, its affiliates, suppliers, or landlords. The franchise location must also be modernized to conform to the standards for new Aira Fitness businesses. This may involve upgrades to the facility or equipment to align with the current brand image and operational standards. These conditions are in place to protect the Aira Fitness brand and ensure that all locations maintain a consistent level of quality and service.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.