To whom are Utility Deposits paid when opening a Big Air Trampoline Park?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
If you do not own adequate space, you must lease space for your Big Air Trampoline Facility.
Generally, this will require that you pay the first and the last month's rent, plus a security deposit, at the time you sign the Lease.
- (15) Additional Funds. This is for budgeting purposes only to account for unanticipated expenses. This amount includes estimated operating expenses you should expect to incur during the first three months of operations, not including any revenue generated by your Big Air Trampoline Business. It includes Working Capital, Royalties, National Marketing and Promotions Fees, POS licensing fees Technology Support Fees, advertising, payroll costs, deposits, fees for city, state and local business licenses, business entity organization expenses, other prepaid expenses, accounting and professional fees, real estate leasing costs that may be payable during the first three months of operation, and other operational expenses.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–22)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, if a franchisee does not own adequate space, they must lease it. When signing the lease, the franchisee will generally be required to pay the first and last month's rent, along with a security deposit. The FDD also states that the Additional Funds include deposits. However, the document does not specifically state to whom utility deposits are paid.
Since the FDD does not specify to whom utility deposits are paid, prospective Big Air Trampoline Park franchisees should confirm this information with the franchisor. Understanding to whom these deposits are paid is an important part of understanding the overall initial investment.
It is typical in commercial leasing arrangements that utility deposits are paid to the utility companies that will be providing the services (e.g., electricity, gas, water) to the premises. However, the specific terms can vary depending on the lease agreement and local regulations.