Under the Aira Fitness Pod Lease Agreement, what exactly constitutes the 'Pod' that is being leased?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
: (i) RECEIPT OF THE PURCHASED EQUIPMENT, (ii) THAT FRANCHISEE HAS HAD THE OPPORTUNITY TO INSPECT THE CONDITION OF THE PURCHASED EQUIPMENT, AND (iii) FRANCHISEE ACCEPTS THE CONDITION OF THE EQUIPMENT AS DELIVERED ON:
| Date: | |--------------| | Franchisee: | | By: | | (Print Name) |
EXHIBIT 1 TO PURCHASE AGREEMENT
Pod Specifications
EXHIBIT I POD PACKAGE LEASE
POD LEASE AGREEMENT
| THIS LEASE Premises"). | AGREEMENT (the "Agreement") is made on the day of, 20, (the "Effective Date") by and between Pure Gym Equipment LLC, an Illinois limited liability company ("Franchisor's Affiliate") and, a, (hereinafter called "You" or "Franchisee") for the lease of Pod (as hereinafter defined) Aira Fitness franchise business located at ("Business | for Franchisee's | |
|---|---|---|---|
| WITNESSETH | |||
| Affiliate | WHEREAS, Franchisee is in the business of leasing and selling fitness equipment buildings ("Pods") to Aira Fitness franchisees; WHEREAS, Franchisee is leasing from Franchisor's Affiliate and Franchisor's Affiliate is leasing to Franchisee a Pod on the terms described in this Agreement. NOW THEREFORE, intending to be legally bound, the parties agree as follows: Basic Lease Terms. | owns and operates an Aira Fitness franchise business and Franchisor's and pre-fabricated modular | |
| (a) | Franchisor's Affiliate's Address for Notice: | Pure Gym Equipment LLC 521 S. Jade Lane Round Lake, IL 60073 Attn: Mike Bell | |
| With a copy of all notices going to: (Franchisor's Affiliate) | Huck Bouma PC 1755 S. Naperville Rd., Ste. 200 Wheaton, IL 60189 Attn: Alissa Carter Verson | ||
| (b) | Franchisee's Address for Notice: With a copy of all notices going to: (Franchisee): | ||
| (c) | Concurrently with the execution of this Agreement a material inducement of Franchisor's Affiliate's obligations under this Agreement, , who is Franchisee ("Guarantor"), shall execute and shall deliver to Franchisor's Affiliate a Guaranty in the form attached hereto as Schedule 2, guaranteeing Franchisee's full performance under this Agreement. | by Franchisee, as a condition of and currently of | |
| (d) | The period commencing on the Commencement Date of the Term and ending on the Expiration Date of the Term, is referred to in this Agreement as the "Term." | ||
| (e) | The "Commencement Date" of the Term shall be upon delivery of the Pod, the specifications of which are listed in Schedule 1 to this Agreement. |
- (f)
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the 'Pod' refers to a fitness equipment building that franchisees may lease or purchase to operate their Aira Fitness business. The FDD specifies that if a franchisee chooses to operate their Aira Fitness business from a Pod, they must acquire the Pod Package from a supplier approved by Aira Fitness, which may include Aira Fitness itself, its affiliates, or a third party. The specifications of the Pod are detailed in Schedule 1 of the Pod Lease Agreement, and the delivery of the Pod marks the commencement date of the lease term.
This arrangement has several implications for prospective franchisees. First, it mandates that franchisees obtain the Pod from an approved source, ensuring uniformity and quality control across the Aira Fitness system. Second, the lease agreement outlines specific terms, including the commencement date tied to the Pod's delivery, which affects the franchisee's operational timeline and financial obligations. Finally, Aira Fitness retains significant control over the equipment and premises, as franchisees need approval for any additional equipment and must adhere to modernization and replacement schedules.
Furthermore, the FDD indicates that Pure Gym Equipment LLC, an Illinois limited liability company and affiliate of the franchisor, is involved in leasing the Pods to Aira Fitness franchisees. This arrangement suggests a potential revenue stream for Aira Fitness through its affiliate, adding another layer to the financial relationship between the franchisor and franchisee. The franchisee is also required to have a guarantor execute a guaranty, ensuring the franchisee's full performance under the Pod Lease Agreement.
In summary, the 'Pod' is a critical component of the Aira Fitness franchise, representing not just a physical structure but also a commitment to standardized equipment and operational practices. Prospective franchisees should carefully review Schedule 1 of the Pod Lease Agreement to fully understand the specifications and requirements associated with leasing or purchasing a Pod, as well as the obligations outlined in the guaranty.