What is the method of payment for the Training Fee 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 |
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, the training fee, which ranges from $10,000 to $20,000, is payable in a lump sum. This payment is due upon signing the Franchise Agreement. The training fee is paid directly to Big Air Trampoline Park.
This means that a prospective franchisee must have the full training fee amount available at the time of signing the agreement. This fee covers the costs associated with the initial training program provided by Big Air Trampoline Park to new franchisees. It is important to note that this fee is non-refundable once paid, so franchisees should be certain of their decision before signing the agreement.
Understanding the payment terms and non-refundable nature of the training fee is crucial for financial planning. Franchisees should factor this cost into their initial investment and ensure they have sufficient capital to cover it when due. This up-front payment is a standard practice in the franchise industry, as it secures the franchisee's place in the training program and helps the franchisor cover the costs of providing that training.