What is the deadline for a Body20 franchisee to secure a site after the effective date of the Franchise Agreement?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
You must secure a site that we have accepted by signing a Site Lease or purchase agreement within 90 days after the effective date of your Franchise Agreement (the "Site Acquisition Deadline").
We may extend the Site Acquisition Deadline by up to 90 days in our sole discretion, and we may require you to execute a general release as a condition of our agreeing to grant such extension.
If we have accepted a site for your Studio, and you are unable or unwilling to acquire such site or an alternative site that we accept by the Site Acquisition Deadline, we may terminate the Franchise Agreement. (Franchise Agreement – Section 4.3)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 38–49)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, a franchisee must secure a site that Body20 has accepted within 90 days of the Franchise Agreement's effective date. This deadline is referred to as the Site Acquisition Deadline. Securing the site involves signing a Site Lease or purchase agreement.
Body20 may extend the Site Acquisition Deadline by up to 90 days at its discretion. However, Body20 may require the franchisee to execute a general release as a condition of granting such an extension. This means the franchisee might have to waive certain rights or claims against Body20 to get more time to secure a location.
If Body20 has already accepted a site for the franchisee's studio, but the franchisee is either unable or unwilling to acquire that site (or an alternative site that Body20 accepts) by the Site Acquisition Deadline, Body20 has the right to terminate the Franchise Agreement. This underscores the importance of timely site selection and acquisition for prospective Body20 franchisees.