What payment obligations must a Big Air Trampoline Park franchisee be current on to be eligible for renewal?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.2 Franchisor may refuse to renew this Agreement and License if Franchisee has:
- (d) Franchisee is not current in payment obligations to Franchisor or to Franchisee's Lessor, suppliers, or trade creditors.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park Franchise Disclosure Document, a franchisee must be current on all payment obligations to Big Air Trampoline Park, their lessor, suppliers, and trade creditors to be eligible for renewal of their franchise agreement. This means that to renew for an additional 10-year term, the franchisee cannot have any outstanding debts to these parties at the time of renewal.
This requirement ensures that franchisees maintain good financial standing with Big Air Trampoline Park and its key partners. Failure to remain current on these payments could result in Big Air Trampoline Park refusing to renew the franchise agreement, even if the franchisee meets other renewal criteria.
For a prospective franchisee, this highlights the importance of diligent financial management and maintaining positive relationships with lessors, suppliers, and trade creditors. It is not uncommon in franchising to have such requirements, as the financial health of each franchise location can impact the overall brand reputation and stability of the franchise system.