What is the 'Projected Opening Date' for a Big Air Trampoline Park franchise defined as?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
service in writing signed by an authorized officer of Franchisor, otherwise Franchisee acknowledges and agrees that Franchisor shall not be obligated to provide any other services or specific level or quality of services.
8. FRANCHISEE'S DUTIES, OBLIGATIONS AND OPERATING STANDARDS
- 8.1 Franchisee shall, consistent with the terms of this Agreement, diligently develop the Big Air Trampoline Business and use its best efforts to market and promote the required Services and Products.
- 8.2 Subject to the terms of this Agreement, Franchisee shall open the Big Air Trampoline Facility for business on or before the projected o
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, the 'Projected Opening Date' is the date set forth on Attachment A of the Franchise Agreement, typically 12 months from the agreement's effective date. However, the opening can occur up to 18 months from the effective date.
Franchisees are obligated to open their Big Air Trampoline Park for business on or before this Projected Opening Date. If a franchisee anticipates needing more time, they must obtain express written permission from Big Air Trampoline Park to extend the Projected Opening Date. This permission can be granted or denied at Big Air Trampoline Park's sole discretion.
Any extension to the Projected Opening Date may be conditional upon the franchisee paying a $5,000 extension fee. This fee underscores the importance of meeting the initial timeline and the potential costs associated with delays. Franchisees should carefully consider their construction timelines and be prepared to request extensions well in advance, understanding that approval is not guaranteed and may involve additional expenses.