What is the length of the Successor Term for a Big Air Trampoline Park franchise?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.1 This Agreement and the License granted shall become effective on the date this Agreement is executed by Franchisor and shall continue until midnight on the day before the tenth anniversary of the date the Big Air Trampoline Facility opened for business ("Term"), subject, however, to termination in accordance with the provisions of this Agreement. When the initial Term expires, Franchisee shall have the option at Franchisor's sole and absolute discretion to extend Franchisee's rights to operate the Big Air Trampoline Business for one additional term ("Successor Term") of 10 years. Franchisee must pay the Successor Franchise Fee set forth in Section 3.4(b) and otherwise comply with the requirements set forth in this Section 3.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, the initial franchise term lasts for ten years, concluding the day before the tenth anniversary of the park's opening. Upon completion of the initial term, franchisees have the option to extend their agreement for an additional term, known as the Successor Term.
The Successor Term for a Big Air Trampoline Park franchise is an additional 10 years. However, this extension is not guaranteed, as it is subject to the franchisor's sole and absolute discretion. To be eligible for a Successor Term, franchisees must meet certain conditions, including providing written notice of intent to renew within a specified timeframe and remaining current on all payment obligations.
If a franchisee is granted a Successor Term, they will be required to execute a new Franchise Agreement that reflects the current terms and conditions offered to new franchisees at that time. While the franchisor reserves the right to modify the terms of the agreement, they cannot charge another Initial Franchise Fee. This ensures that franchisees seeking to extend their term are not penalized with additional upfront costs, while also allowing Big Air Trampoline Park to update the franchise agreement to reflect current business practices.