What is the condition for extending the Projected Opening Date for a Big Air Trampoline Park?
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 must open their facility for business on or before the Projected Opening Date, which is typically 12 months from the agreement's effective date, but no more than 18 months from the effective date. However, the franchisee can seek express written permission from Big Air Trampoline Park to extend this Projected Opening Date. The FDD states that this permission may be granted or denied at the franchisor's sole discretion.
Any extension granted by Big Air Trampoline Park may be conditional upon the franchisee paying a $5,000 extension fee. This fee is referenced as the "Extension Fee" in the FDD.
For multi-unit developers, the FDD outlines a similar process. They must notify Big Air Trampoline Park in writing at least 30 days before the Projected Opening Date if they anticipate being unable to complete construction and commence operations by the expiration date of the Development Period. This notice must include a request for an extension, a description of the reasons for the delay, the expected completion date if the extension is granted, and payment of the Extension Fee, if required. Failure to adhere to the development schedule, including any approved extensions, constitutes a material event of default under the agreement.