Who is the obligee for the bond related to the Big Air Trampoline Park franchise offering in Illinois?

According to the 2025 Big Air Trampoline Park Franchise Disclosure Document, the obligee for the surety bond in Illinois is not explicitly stated, but it is implied to be for the benefit of the franchisee. The document states that Big Air Trampoline Park has posted a $60,000 surety bond due to their financial condition, as required by the Illinois Office of the Attorney General. A copy of the bond is attached to the addendum.

This bond requirement was imposed by the Illinois Office of the Attorney General because of Big Air Trampoline Park's financial condition. This means that Big Air Trampoline Park was required to provide a financial guarantee to the state to ensure they can meet their obligations to franchisees in Illinois. The bond is intended to protect franchisees in the event that Big Air Trampoline Park fails to uphold its commitments.

Prospective franchisees in Illinois should carefully review the attached bond document to fully understand its terms and conditions. They should also consider inquiring with the franchisor about the specific circumstances that led to the bond requirement and what steps Big Air Trampoline Park is taking to improve its financial condition. Understanding the details of the bond and the franchisor's financial situation is crucial for making an informed investment decision.