Under the Aira Fitness Pod Lease Agreement, what exactly does the term 'Pod' encompass?
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. |
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to the 2025 Aira Fitness Franchise Disclosure Document, the term 'Pod' refers to fitness equipment buildings that Aira Fitness franchisees may lease or purchase. Specifically, the franchisee may operate their Aira Fitness business from a pre-fabricated modular building referred to as a 'Pod'.
If an Aira Fitness franchisee chooses to operate their business from a Pod, they must either purchase or lease a 'Pod Package' from a supplier approved by Aira Fitness. This supplier may be Aira Fitness itself, an affiliate, or a third party. The specifications of the Pod are detailed in Schedule 1 of the Pod Lease Agreement, with the delivery date of the Pod serving as the 'Commencement Date' of the lease term.
The use of Pods is integrated into Aira Fitness's operational standards, as franchisees operating from Pods must adhere to the equipment and product requirements outlined in the Aira Fitness manual. This ensures uniformity across all Aira Fitness locations, whether they are in traditional fitness centers or Pods.