Who is the surety for Big Air Trampoline Park's franchise bond in California?
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 Big Air Trampoline Park's 2025 Franchise Disclosure Document, 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 surety bonds are required by the California Corporations Code because the franchisor, Big Air Franchising, LLC, has not demonstrated that they are adequately capitalized or that they do not rely on franchise fees to fund their operations. The bonds are in place to protect franchisees in California.
In the event that Big Air Franchising, LLC does not fulfill its obligations to a franchisee to open their franchised business, the franchisee can recover damages from these surety bonds. Big Air Trampoline Park will provide a copy of the surety bonds upon request.