What is the extension fee for each month (or portion of a month) that the Body20 Opening Deadline is extended?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
in accordance with the approved Plans at your expense. We and our agents may inspect the construction at all reasonable times. After completion of construction, you must promptly obtain a certificate of occupancy and provide a copy of the certificate
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, franchisees may be granted an extension to their Opening Deadline at the franchisor's discretion. This extension is not guaranteed and is conditional upon the franchisee agreeing to pay an extension fee and executing a general release. The extension fee is $2,500 for each month, or any portion thereof, that the Opening Deadline is extended.
This fee can become a significant expense if construction or other delays occur, so it is important for prospective Body20 franchisees to carefully plan their studio build-out and opening timeline. Franchisees should factor in potential delays and the associated extension fees when projecting their initial investment and operating costs.
It is also important to note that the extension is not automatic. Body20 retains the sole discretion to grant or deny an extension. Franchisees should maintain open communication with Body20 during the construction and opening process to address any potential delays proactively. Understanding the conditions under which Body20 is likely to grant an extension, and what constitutes a reasonable cause for delay, is crucial for managing this aspect of the franchise agreement.