What is the Site Acquisition Deadline for a Beem Light Sauna franchisee to secure an accepted site?
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 the 2025 Beem Light Sauna Franchise Disclosure Document, a franchisee must secure a site that Beem Light Sauna has accepted by signing a Site Lease or purchase agreement within 90 days after the effective date of the Franchise Agreement. This 90-day period is referred to as the "Site Acquisition Deadline."
Beem Light Sauna may extend the Site Acquisition Deadline by up to 90 days at their sole discretion. However, Beem Light Sauna may require the franchisee to execute a general release as a condition of granting such an extension. This means that the franchisee might have to waive certain rights or claims against Beem Light Sauna in order to get more time to secure a site.
If Beem Light Sauna has accepted a site for the franchisee's studio, and the franchisee is unable or unwilling to acquire that site (or an alternative site accepted by Beem Light Sauna) by the Site Acquisition Deadline, Beem Light Sauna has the right to terminate the Franchise Agreement. This underscores the importance of diligently working to secure an appropriate site within the specified timeframe, as failure to do so could result in the loss of the franchise opportunity.