What is the amount of the Extension Fee that a Big Air Trampoline Park franchisee may have to pay?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
of service in writing signed by an authorized officer of Franchisor, otherwise Franchisee acknowledges and agrees that Franchisor shall not be obligated to provide any other services or specific level or quality of services.
8. FRANCHISEE'S DUTIES, OBLIGATIONS AND OPERATING STANDARDS
- 8.1 Franchisee shall, consistent with the terms of this Agreement, diligently develop the Big Air Trampoline Business and use its best efforts to market and promote the required Services and Products.
- 8.2 Subject to the terms of this Agreement, Franchisee shall open the Big Air Trampoline Facility for business on or before the projected o
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 FDD, a Big Air Trampoline Park franchisee may be required to pay an Extension Fee of $5,000. This fee applies if the franchisee needs to extend the Projected Opening Date of their Big Air Trampoline Facility, which is typically 12 months from the franchise agreement's effective date, but no more than 18 months.
The franchisor's permission to extend the opening date is not guaranteed and can be granted or denied at their sole discretion. This means that even if a franchisee pays the $5,000 Extension Fee, the extension is not automatically approved.
This fee and the discretionary approval highlight the importance of careful planning and execution in the initial stages of setting up a Big Air Trampoline Park franchise. Franchisees should aim to meet the original Projected Opening Date to avoid incurring this additional cost and the risk of having their extension request denied. It is also important to note that the franchisor may have the right to terminate the agreement if site approval is not obtained within 180 days of the agreement.