What is the amount of the surety bond that Big Air Trampoline Park has posted in Illinois?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
is hereby amended to delete Sections 1.1, 1.2, 1.8, and 22.
The multi-unit development agreement is hereby amended to delete the seventh recital paragraph and Sections 19 and 23.
ILLINOIS
Pursuant to an order by the Illinois Office of the Attorney General, we have posted
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Big Air Trampoline Park has posted a surety bond in Illinois. The amount of the surety bond is $60,000. The Illinois Office of the Attorney General required this bond due to Big Air Trampoline Park's financial condition. A copy of the bond is attached to the FDD Addenda.
This requirement indicates that Big Air Trampoline Park's financial stability was a concern for the Illinois authorities. This may be a red flag for potential franchisees, as it suggests the franchisor may not have a strong financial foundation.
Prospective franchisees should carefully review the attached bond and the reasons behind the Attorney General's requirement. It would be prudent to seek clarification from Big Air Trampoline Park regarding their current financial status and any steps they have taken to improve their financial condition since the bond was mandated. Additionally, consulting with a franchise attorney is advisable to fully understand the implications of this surety bond and its potential impact on the franchise agreement.