What happens to the Development Schedule in the Body20 Development Agreement before signing?

According to Body20's 2025 Franchise Disclosure Document, the Development Schedule, which outlines the deadlines for developing studios, is completed by both Body20 and the franchisee before the Development Agreement is signed. This schedule is a crucial part of the agreement, setting the expectations for the franchisee's expansion timeline within their designated Development Area.

The Development Area itself is determined by Body20 based on factors such as the number of studios the franchisee commits to develop, demographics, market areas, competition, and site availability. Each proposed site for a Body20 studio must be approved by the franchisor. After a site is accepted and secured, Body20 will then determine the specific territory for that studio, applying their current standards for sites and territories.

It's important to note that Body20 retains the right to terminate the Development Agreement if the franchisee fails to meet their development obligations as outlined in the Development Schedule. Furthermore, the franchisee does not receive an exclusive territory under the Development Agreement, meaning they may face competition from other franchisees, company-owned outlets, or other channels of distribution. This highlights the importance of carefully reviewing the Development Schedule and understanding the potential for competition within the Development Area before signing the agreement.