What is the 'Lease' referring to in the context of a Big Air Trampoline Park franchise?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee acknowledges and agrees that before any Lease will be accepted by Franchisor, the Lease must incorporate the terms of the Lease Addendum attached to this Agreement as Attachment F.
Franchisee must deliver to Franchisor any traffic, competition and demographic or similar location information relating to any proposed site that Franchisor reasonably requests for review at least 20 days before any proposed Lease signing date.
Franchisee must deliver to Franchisor, within 60 days of Franchisor approving the site, a copy of the proposed Lease, in a form acceptable to Franchisor, and such Lease must incorporate the terms of the Lease Addendum attached to this Agreement as Attachment F.
Multi-Unit Developer shall submit to Franchisor the information about the proposed location including, without limitation, lease terms, land acquisition terms, demographic criteria and preliminary site plans showing building orientation, proposed unit location, parking layout, and certain other information, as Franchisor may require periodically in Franchisor's operations manual ("Operations Manual"). If Multi-Unit Developer proposes that another entity will own and operate the Big Air Trampoline Facility, Multi-Unit Developer must also submit information to Franchisor regarding the proposed franchisee entity.
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.
Franchisee shall apply for all required operating permits and licenses within 120 days after Franchisee signs the Lease for the Big Air Trampoline Facility.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 FDD, the 'Lease' in the context of a Big Air Trampoline Park franchise refers to the real property lease agreement for the location where the franchisee will operate their Big Air Trampoline Park facility. The franchisor, Big Air Trampoline Park, requires that any lease agreement a franchisee enters into must incorporate the terms of a specific Lease Addendum, which is attached to the Franchise Agreement as Attachment F. This indicates that Big Air Trampoline Park has specific requirements and stipulations that must be included in the lease to protect their interests and ensure the location is suitable for their brand.
Before signing any lease, a prospective Big Air Trampoline Park franchisee must provide the franchisor with traffic, competition, demographic, and other location-related information for review at least 20 days before the proposed lease signing date. Furthermore, within 60 days of the franchisor approving the site, the franchisee must submit a copy of the proposed lease to Big Air Trampoline Park for their approval. This process ensures that the franchisor has ample opportunity to assess the suitability of the location and the terms of the lease agreement.
The FDD also states that the multi-unit developer should make an offer to secure the site via purchase or lease, which offer must be contingent upon final approval by Big Air Trampoline Park of the site and of the proposed franchisee entity. The franchisee is required to apply for all necessary operating permits and licenses within 120 days after signing the lease for the Big Air Trampoline Park facility. This highlights the importance of securing the location and lease agreement early in the process, as it triggers subsequent steps necessary to open the franchise.