When are Leasehold Improvement payments due for a Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
t to develop 2 Big Air Trampoline Facilities)**
| Type of Expenditure (1) | Low Amount | High Amount | Method | When Due | To Whom |
|---|---|---|---|---|---|
| of Payment | Payment is Made | ||||
| Multi-Unit Development Fee (2) | $22,500 | $22,500 | Lump sum | Upon signing the Multi-Unit Devel |
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, payments for leasehold improvements are due at varied times as agreed upon with the building contractor. The estimated cost for these improvements ranges from $600,000 to $1,900,000. These costs cover the necessary improvements to the leased space to make it suitable for a Big Air Trampoline Park.
These leasehold improvements do not include site development or engineering work, nor do they cover capitalized rent or other occupancy costs over the lease or investment life. The estimates assume the landlord provides a "vanilla shell" space with concrete floors, exterior walls, HVAC, roof, and utilities. The FDD also notes that these costs do not include purchasing unimproved land or constructing a freestanding building, which would significantly increase the initial investment. Furthermore, any tenant improvement allowance potentially received from the landlord is not included in these estimates.
Prospective franchisees should carefully investigate these costs in their chosen area, as they can vary substantially based on local conditions, including labor and material prices. Given the wide range of potential costs and the variable payment schedule, it is crucial to have a clear agreement with the building contractor regarding payment terms. Franchisees should also clarify what is included in the leasehold improvements to avoid unexpected expenses.