What is the Site Acquisition Deadline for Beem Light Sauna franchisees?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
You must secure a Site that we have approved by signing a Site Lease or purchase agreement within 90 days after the Effective Date (the "Site Acquisition Deadline").
We may extend the Site Acquisition Deadline by 90 days in our sole discretion, and we may require you to execute a general release as a condition of us 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.
You must deliver to us the completely executed purchase agreement or Site Lease and Lease Rider within 10 days after execution of the Site Lease or purchase agreement, and you may not amend or
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, franchisees have a specific timeframe to secure an approved location. After the franchise agreement's effective date, a franchisee has 90 days to either sign a site lease or purchase agreement for a location that Beem Light Sauna has approved. This 90-day period is referred to as the "Site Acquisition Deadline."
Beem Light Sauna may, at its discretion, extend this deadline by an additional 90 days. However, as a condition of granting this extension, Beem Light Sauna may require the franchisee to execute a general release. If a franchisee fails to secure an approved site by the Site Acquisition Deadline (or any extension thereof), Beem Light Sauna reserves the right to terminate the Franchise Agreement.
Furthermore, once a site lease or purchase agreement is executed, the franchisee must provide Beem Light Sauna with a fully executed copy of the agreement and Lease Rider within 10 days. The franchisee is also prohibited from amending or renewing any Site Lease without Beem Light Sauna's written consent and must adhere to the terms and conditions of the Site Lease.
These stipulations ensure that Beem Light Sauna maintains control over site selection and lease terms, protecting brand consistency and minimizing potential risks associated with unsuitable locations or unfavorable lease agreements. Franchisees should be aware of these deadlines and requirements to avoid potential termination of their franchise agreement.