Under what section does Big Air Trampoline Park have the option to purchase a franchisee's business?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
| n. Our right of first refusal to | Section 8.2(e) | | acquire your business | | | o. Our option to purchase your | Section 8.2(e) | | business | |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 41–46)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, the franchisor's option to purchase a franchisee's business is detailed in Section 8.2(e) of the Franchise Agreement. This provision grants Big Air Trampoline Park the right to acquire a franchisee's business. For franchisees with multi-unit development agreements, this option is found in Section 8.2(e) of that agreement as well.
This right gives Big Air Trampoline Park significant control over the transfer of franchise locations. If a franchisee wishes to sell their business, Big Air Trampoline Park has the contractual option to step in and purchase the business themselves, potentially preventing the franchisee from selling to another buyer of their choice.
Prospective franchisees should carefully review Section 8.2(e) of the Franchise Agreement and Section 8.2(e) of the Multi-Unit Development Agreement to fully understand the conditions under which Big Air Trampoline Park may exercise this option, including any financial implications or valuation methods used to determine the purchase price. Understanding these terms is crucial before entering into a franchise agreement with Big Air Trampoline Park.