How can a franchisee of Big Air Trampoline Park obtain a copy of the surety bonds?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
tem 5 of the Franchise Disclosure Document, Section 5.1 of the Franchise Agreement and Section 3.2 of the Multi-Unit Development Agreement are revised to include the following**:
The Department has determined that we, the franchisor, have not demonstrated we are adequately capitalized and/or that we must rely on franchise fees to fund our operations. The Commissioner has imposed a requirement for us to maintain surety bonds under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5 which must remain in effect during our registration period. Big Air Franchising, LLC has two surety bonds in California. The first surety bond is in the amount of $60,000.00 with Atlantic Specialty Insurance Company. The second surety bond is in the amount of $240,000 with Travelers Casualty and Surety Company of America. The bonds are available for you
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Big Air Trampoline Park will provide a copy of the surety bonds to a franchisee upon request. This requirement stems from the determination by the Department that Big Air Franchising, LLC has not demonstrated adequate capitalization and/or relies on franchise fees to fund its operations. As a result, the Commissioner has mandated that Big Air Trampoline Park maintain surety bonds under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5, which must remain in effect during the registration period.
Big Air Franchising, LLC has two surety bonds in California. The first is a $60,000.00 bond with Atlantic Specialty Insurance Company, and the second is a $240,000 bond with Travelers Casualty and Surety Company of America. These bonds are in place to allow a franchisee to recover damages if Big Air Trampoline Park fails to fulfill its obligations to open the franchised business.
This arrangement provides a level of financial security for franchisees, ensuring that funds are available should Big Air Trampoline Park default on its commitments. It is important for prospective franchisees to request and review these bonds to understand the extent of their protection and the process for making a claim if necessary. This requirement is specific to California due to the state's franchise investment law, which aims to protect franchisees from undercapitalized franchisors.