What written notice period is required for an Aira Fitness franchisee to exercise the purchase option?

According to Aira Fitness's 2025 Franchise Disclosure Document, the franchisee's written notice period to exercise a purchase option relates to the right of first refusal on old equipment. If a franchisee chooses to purchase fitness equipment and then offers their old equipment for sale at the end of each three-year period, they must provide Aira Fitness with seven days' written notice of any potential sale. This notice must include the terms and conditions of any offer the franchisee intends to accept, giving Aira Fitness the opportunity to match the offer.

This right of first refusal allows Aira Fitness to maintain control over the quality and standards of equipment used within its franchise system. By having the option to purchase the old equipment, Aira Fitness can ensure that franchisees are not selling equipment that could negatively impact the brand's reputation.

It is important to note that Aira Fitness is under no obligation to exercise its right of first refusal. This means that even if a franchisee provides the required notice, Aira Fitness may choose not to purchase the equipment. In that case, the franchisee would be free to sell the equipment to another buyer. This process applies specifically to the sale of old fitness equipment when a franchisee chooses to purchase new equipment every three years.