What fee might a Body20 franchisee have to pay for an extension of the opening deadline?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
must notify us in writing promptly when construction begins and must maintain continuous construction until the Studio is completed. You agree to complete the construction of your Studio 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, a franchisee may be required to pay an extension fee if they need more time to open their studio. The standard deadline to open a Body20 studio is 270 days after the effective date of the Franchise Agreement. However, Body20 may, at its discretion, grant an extension to this deadline.
If Body20 grants an extension, it may condition this extension on the franchisee paying an extension fee and executing a general release. The extension fee is $2,500 for each month (or portion thereof) that the opening deadline is extended. This means that even if a franchisee is only a few days late, they will still be charged the full $2,500 for that month.
This fee can add a significant cost to opening a Body20 franchise, so it is important for prospective franchisees to carefully plan their studio opening and ensure they can meet the initial 270-day deadline. Franchisees should also be aware that Body20 is not obligated to grant an extension, so relying on the possibility of an extension is risky. It is also important to note that the franchisee will need to execute a general release in order to get the extension.
It is common in the franchise industry for franchisors to charge fees for deadline extensions, as delays can impact the franchisor's overall development plans and revenue projections. The $2,500 per month fee charged by Body20 is within the typical range for such fees, but franchisees should still factor this potential cost into their budget and timeline.