What is the Surety Bond number associated with Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
Surety Bond No.: 167774557
Principal: BIG AIR FRANCHISING, LLC d/b/a - Big Air
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Big Air Trampoline Park maintains multiple surety bonds. One surety bond, associated with Travelers Casualty and Surety Company of America, has the bond number 167774557. Another bond, also with Travelers Casualty and Surety Company of America, has the bond number 107815250. A third surety bond, associated with Atlantic Specialty Insurance Company, has the bond number 800007857.
These surety bonds are relevant to potential franchisees because they provide a financial guarantee that Big Air Trampoline Park will fulfill its obligations, particularly in California. The existence of these bonds may be due to a determination by the Department that Big Air Trampoline Park has not demonstrated adequate capitalization and/or must rely on franchise fees to fund its operations.
Specifically for California, Big Air Trampoline Park has two surety bonds. One is for $60,000 with Atlantic Specialty Insurance Company, and the other is for $240,000 with Travelers Casualty and Surety Company of America. These bonds are available for franchisees to recover damages if Big Air Trampoline Park fails to meet its obligations to open the franchised business. Franchisees can request a copy of these surety bonds from Big Air Trampoline Park to understand the terms and conditions of the bonds.
The requirement to maintain surety bonds is imposed under California Corporations Code section 31113 and 10 C.C.R. section 310.11.5, and these bonds must remain in effect during Big Air Trampoline Park's registration period in California. This measure is designed to protect franchisees in the event that the franchisor does not meet its contractual obligations.