When is the Successor Franchise Fee due for a Big Air Trampoline Park franchise?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.4 As additional conditions to renewal, in Franchisor's sole discretion, Franchisee may be required to:
- (b) Pay the successor franchise fee ("Successor Franchise Fee") of 25% of the thencurrent Initial Franchise Fee, which is due and payable to Franchisor at the time of signing the renewal Franchise Agreement;
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park Franchise Disclosure Document, the Successor Franchise Fee is due at the time of signing the renewal Franchise Agreement. The Successor Franchise Fee is 25% of the then-current Initial Franchise Fee.
For a prospective franchisee, this means that if you choose to renew your franchise agreement after the initial term, you will need to pay this fee at the time you sign the new agreement. This fee compensates Big Air Trampoline Park for allowing you to continue operating under their brand and system. It's important to factor this cost into your financial planning when considering whether to renew your franchise.
It is fairly standard practice in the franchise industry to charge a renewal fee. This fee is usually less than the initial franchise fee, but it can still be a significant expense. Franchisees should be aware of the renewal fee and other requirements for renewal before signing a franchise agreement.