What is the maximum extension Beem Light Sauna may grant for the Site Acquisition Deadline?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
You must secure a site that we have accepted by signing a Site Lease or purchase agreement within 90 days after the effective date of your Franchise Agreement (the "Site Acquisition Deadline"). We may extend the Site Acquisition Deadline by up to 90 days in our sole discretion, and we may require you to execute a general release as a condition of our agreeing to grant such extension. If we have accepted a site for your Studio, and you are unable or unwilling to acquire such site or an alternative site that we accept by the Site Acquisition Deadline, we may terminate the Franchise Agreement. (Franchise Agreement – Section 4.3)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–47)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, a franchisee must secure an accepted site by signing a Site Lease or purchase agreement within 90 days after the effective date of the Franchise Agreement, referred to as the "Site Acquisition Deadline." Beem Light Sauna may extend this deadline by up to 90 days at their sole discretion.
This means that a prospective Beem Light Sauna franchisee has an initial 90-day period to find and secure a suitable location for their studio. If more time is needed, Beem Light Sauna has the option to grant an extension. However, this extension is not guaranteed and is subject to Beem Light Sauna's approval.
Beem Light Sauna may require the franchisee to execute a general release as a condition of granting the extension. If the franchisee fails to acquire a site within the initial 90-day period or any extension granted, Beem Light Sauna reserves the right to terminate the Franchise Agreement. This highlights the importance of diligent site selection and timely acquisition to avoid potential termination of the franchise agreement.