Are the fees imposed by Big Air Trampoline Park refundable?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
All fees imposed by us are non-refundable unless otherwise noted. Fees and expenses paid to vendors or other third parties may or may not be refundable depending on the arrangements you make with them.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–22)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, the fees imposed by the company are generally non-refundable unless explicitly stated otherwise. However, fees and expenses paid to third-party vendors may or may not be refundable, depending on the specific arrangements made with those vendors. This means that while the initial franchise fee and other payments made directly to Big Air Trampoline Park are typically non-refundable, franchisees might have some recourse for recovering costs paid to external suppliers if those arrangements allow for refunds.
For a prospective Big Air Trampoline Park franchisee, this policy highlights the importance of carefully reviewing all agreements and payment terms, especially those involving third-party vendors. Understanding the refund policies associated with each expense can help mitigate potential financial losses if the franchise does not proceed as planned or if certain services are not delivered as expected. Franchisees should clarify the refund conditions with each vendor before making payments to ensure they are comfortable with the terms.
For example, the training fee of $10,000 for each Big Air Trampoline Facility is non-refundable once paid. This underscores the need for careful consideration before signing the Franchise Agreement and remitting this fee. Franchisees should also be aware that expenses like real estate leasing, which include first and last month's rent and security deposits, are subject to the landlord's refund policies, further emphasizing the importance of thorough due diligence and negotiation of lease terms.
In summary, while most fees paid directly to Big Air Trampoline Park are non-refundable, franchisees should focus on understanding the refund policies of third-party vendors and negotiating favorable terms to protect their investment. Consulting with a business advisor to review all agreements and potential financial risks is crucial before committing to the franchise.