What is the maximum extension Body20 may grant for the Site Acquisition Deadline?
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 by signing a Site Lease or purchase agreement within 90 days after the effective date of the Franchise Agreement, referred to as the Site Acquisition Deadline. Body20, in its sole discretion, may extend this deadline by up to 90 days.
This means that a prospective Body20 franchisee has an initial 90-day period to find and secure a suitable location for their studio. If they encounter difficulties, Body20 has the option to grant an extension. However, this extension is not guaranteed and is at Body20's discretion.
It's important to note that Body20 may require the franchisee to execute a general release as a condition of granting the extension. This implies that the franchisee may need to waive certain rights or claims against Body20 in order to obtain the additional time for site acquisition. Franchisees should carefully consider the implications of such a release before agreeing to it.
If a franchisee fails to acquire a site within the initial 90-day period or any extension granted by Body20, Body20 has the right to terminate the Franchise Agreement. This underscores the importance of diligent site selection and timely acquisition of the premises.