What is the Successor Franchise Fee 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:
- (a) Execute a general release of all claims Franchisee may have against Franchisor, its officers, directors, members, shareholders, agents, Affiliates, and employees, whether in their corporate and/or individual capacities. This release shall include all claims arising under any federal, state, or local law, rule, or ordinance arising out of or concerning this Agreement (to the fullest extent permitted by law) and shall be in a form satisfactory to Franchisor. Franchisee's failure or refusal to sign such a release in the form presented by Franchisor shall be deemed to be a rejection by Franchisee of its option to extend its rights to operate the Big Air Trampoline Business;
- (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;
- (c) Upgrade the computer system used in operations of the Big Air Trampoline Business to Franchisor's current standards;
- (d) Comply with all other provisions contained in the Operations Manual, as modified periodically by Franchisor in Franchisor's sole discretion;
- (g) Provide proof of current licenses, insurance and permits.
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, a franchisee who chooses to extend their franchise rights for an additional term must pay a Successor Franchise Fee. This fee is 25% of the then-current Initial Franchise Fee. The Successor Franchise Fee is due when the franchisee signs the renewal Franchise Agreement.
In addition to paying the Successor Franchise Fee, the franchisee may also be required to execute a general release of all claims against Big Air Trampoline Park. They may also need to upgrade their computer systems to meet the current standards and comply with all provisions in the Operations Manual. Furthermore, franchisees must provide proof of current licenses, insurance, and permits to be eligible for renewal.
It's important to note that the option to extend the franchise term is at Big Air Trampoline Park's sole discretion. Big Air Trampoline Park may refuse to renew the agreement if the franchisee has failed to remedy any breach of the agreement, committed multiple breaches, failed to provide timely notice of intent to renew, or is not current on payment obligations. This means that even if a franchisee is willing to pay the Successor Franchise Fee, renewal is not guaranteed.