What is the opening deadline for each Beem Light Sauna studio in the development schedule?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
different fees (though no Franchise Fee shall be owed under such agremeent) and territorial rights. You must sign a Franchise Agreement for a Studio before you may execute a lease, sublease, or purchase agreement intended for such Studio or commence construction of such Studio. We will not be obligated to offer you a Franchise Agreement for a Studio unless:
- 1. we have complied with all applicable franchise registration and disclosure laws and, if required by applicable laws, have provided you with a copy of our then-current Franchise Disclosure Document; and
- 2. you and any Affiliated Entities have fully complied with any Franchise Agreements that are in effect.
- 3.2 Deadlines. You must enter into Franchise Agreements and develop and open Studios in accordance with the deadlines set forth in the Development Schedule. Signing Deadline. By each "Signing Deadline" specified in the Development Schedule, you must have signed our then-current standard form of Franchise Agreement for the applicable number of Studios in the Development Area specified on the Development Schedule. Opening Deadline. By each "Opening Deadline" specified in the Development Schedule, you must have the applicable number of Studios in the Development Area open and operating. Discretionary Extension. We may, in our sole discretion, extend any Signing Deadline or any Opening Deadline, which we may condition on your payment of an Extension Fee and execution of a general release. The "Extension Fee" for each Studio will be $2,500 per month (or portion of a month) that the Signing Deadline or Opening Deadline for such Studio is extended. Any extension that we grant you (or your Affiliated Entity) will apply only to the Studios for which you (or your Affiliated Entity) obtained the extension and will not extend, delay, or otherwise impact any other deadline under the Development Schedule. Disclosure Extension. If you are unable to execute a Franchise Agreement by the Signing Deadline because we are unable to timely deliver a required Franchi
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna FDD, franchisees who sign a Development Agreement must adhere to the deadlines outlined in the Development Schedule. This schedule includes both a Signing Deadline, by which the Franchise Agreement must be signed, and an Opening Deadline, by which the studio must be open and operating.
Beem Light Sauna may extend either the Signing Deadline or the Opening Deadline at its discretion. However, this extension may be conditional upon the franchisee paying an Extension Fee and executing a general release. The Extension Fee is $2,500 per month (or any portion thereof) that the deadline is extended for each studio. Any extension granted applies only to the specific studios for which it was obtained and does not affect other deadlines in the Development Schedule.
If a franchisee is unable to meet the Signing Deadline due to Beem Light Sauna's inability to provide a timely Franchise Disclosure Document, the deadlines will be adjusted to account for the delay without incurring an Extension Fee or requiring a general release. Additionally, if a studio is damaged or destroyed by events outside the franchisee's control, the franchisee must notify Beem Light Sauna immediately.