When must the individual Franchise Agreement be entered into for a Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
preliminary authorization to proceed with the site location per Section 3.1(a) above, it will give its written authorization to the Multi-Unit Developer to proceed with architectural drawings and final site plans containing the information as Franchisor requires. The preliminary authorization for the site location shall not constitute final authorization of the site for the Big Air Trampoline Facility, or of the entity proposed as franchisee. Upon receipt of the site location authorization, Multi-Unit Developer should make an offer to secure the site via purchase or lease, which offer must be contingent upon final approval by Franchisor of the site and of the proposed franchisee entity.
- (c) Should Franchisor provide final site authorization and approve of the proposed franchisee entity for a Big Air Trampoline Facility, Franchisor and Multi-Unit Developer (or its affiliate) shall promptly enter into an individual Franchise Agreement for this Big Air Trampoline
Facility before the date Multi-Unit Developer begins construction on the Franchised Location, which agreement shall be in the form of Franchisor's then-current form of Franchise Agreement. The terms of the individual Franchise Agreement will then govern the further development and build-out of the Big Air Trampoline Facility.
- 3.2 Multi-Unit Developer shall pay to Franchisor an Initial Franchise Fee for each Big Air Trampoline Facility to be developed hereunder.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, if Franchisor provides final site authorization and approves the proposed franchisee entity for a Big Air Trampoline Facility, Franchisor and Multi-Unit Developer (or its affiliate) will promptly enter into an individual Franchise Agreement for that Big Air Trampoline location.
For multi-unit developers, the Franchise Agreement for the first Big Air Trampoline Park to be developed must be executed and delivered, along with the Initial Franchise Fee, concurrently with the execution and delivery of the Multi-Unit Development Agreement. Subsequent Big Air Trampoline Park locations will operate under the Franchise Agreement form then in use by Big Air Trampoline Park.
It is important to note that the then-current Franchise Agreement may differ from the initial form and may include different economic terms, such as higher royalty rates and advertising contributions. This means that as a multi-unit developer expands with Big Air Trampoline Park, the financial terms for each new location could potentially change, impacting profitability and requiring careful review of each new Franchise Agreement.