What is a 'vanilla shell' space in the context of a Big Air Trampoline Park lease?

According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, a "vanilla shell" space is a basic, unfinished commercial space provided by the landlord. At a minimum, this includes concrete floors, demised exterior walls, HVAC (heating, ventilation, and air conditioning), a roof, and utilities stubbed to the premises. These utilities must be sufficient for a Big Air Trampoline Facility.

Securing a vanilla shell space can significantly impact the initial investment for a Big Air Trampoline Park franchisee. The estimated initial investment figures provided by Big Air Trampoline Park assume that the landlord will provide a vanilla shell space. If the space requires additional work beyond the vanilla shell specifications, the franchisee will be responsible for those costs, increasing their initial investment.

It is important to note that the initial investment estimates do not include costs for site development or engineering work, nor do they include capitalized costs of rent or other occupancy costs. Additionally, the estimates do not account for purchasing unimproved land and constructing a freestanding Big Air Trampoline Facility, which would substantially increase the initial investment. Franchisees should carefully investigate all costs associated with establishing their Big Air Trampoline Park in their desired location, as costs can vary significantly by market.