Who is the surety for the Big Air Trampoline Park bond?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
tem 5 of the Franchise Disclosure Document, Section 5.1 of the Franchise Agreement and Section 3.2 of the Multi-Unit Development Agreement are revised to include the following**:
The Department has determined that we, the franchisor, have not demonstrated we are adequately capitalized and/or that we must rely on franchise fees to fund our operations. The Commissioner has imposed a requirement for us to maintain surety bonds under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5 which must remain in effect during our registration period. Big Air Franchising, LLC has two surety bonds in California. The first surety bond is in the amount of $60,000.00 with Atlantic Specialty Insurance Company. The second surety bond is in the amount of $240,000 with Travelers Casualty and Surety Company of America. The bonds are available for you
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Big Air Trampoline Park FDD, Big Air Franchising, LLC has two surety bonds in California. The first surety bond is in the amount of $60,000.00 and the surety for this bond is Atlantic Specialty Insurance Company. The second surety bond is in the amount of $240,000 and the surety for this bond is Travelers Casualty and Surety Company of America.
These bonds are maintained because the Department has determined that Big Air Trampoline Park has not demonstrated they are adequately capitalized and/or that they must rely on franchise fees to fund their operations. The Commissioner has imposed a requirement for Big Air Trampoline Park to maintain surety bonds under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5, which must remain in effect during their registration period.
These bonds are available for franchisees to recover damages if Big Air Trampoline Park does not fulfill its obligations to open the franchised business. Big Air Trampoline Park will provide a copy of the surety bonds upon request.