What happens if Body20 accepts a site for a franchisee's Studio?

According to Body20's 2025 Franchise Disclosure Document, after Body20 accepts a site for a franchisee's studio, the franchisee is expected to acquire the site. Specifically, the franchisee must secure the accepted site, or an alternative site that Body20 accepts, by signing a Site Lease or purchase agreement within 90 days of the Franchise Agreement's effective date. This deadline is referred to as the Site Acquisition Deadline.

Body20 may extend the Site Acquisition Deadline by up to 90 days at its discretion, but may require the franchisee to execute a general release as a condition of granting the extension. This implies that Body20 could require the franchisee to waive certain rights or claims against them in exchange for more time to secure the site.

If the franchisee fails to acquire the accepted site or an alternative approved by Body20 by the Site Acquisition Deadline (including any extensions), Body20 has the right to terminate the Franchise Agreement. This means the franchisee would lose the opportunity to open a Body20 studio and could potentially forfeit any fees paid up to that point, highlighting the importance of securing a suitable location within the specified timeframe.