What is the 'Opening Deadline' for Body20 studios as specified in the Development Schedule?
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 to us.
- 4.5 Opening Deadline. You must complete construction of and open your Studio for business no later than 270 days after the Effective Date (the "Opening Deadline"), unless we grant you an extension in writing. We may, in our sole discretion, extend the Opening Deadline, which we may condition on you agreeing to pay an extension fee of $2,500 for each month (or portion of a month) for which the Opening Deadline is extended and you executing a general release. You may not open the Studio until you have received our written approval, which we will not provide until (i) we have viewed the certificate of occupancy, (ii) confirmed that you have complied with the Plans, (iii) confirmed that you have complied with the pre-opening marketing obligations set forth in this Agreement and have done so in accordance with our System Standards as set forth in the Manuals, (iv) your initial employees have satisfied any applicable training requirements that we designate;
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to the 2025 Body20 Franchise Disclosure Document, the standard opening deadline for a Body20 studio is 270 days after the effective date of the Franchise Agreement. This means a franchisee has approximately nine months from the date the agreement is signed to complete construction and open their studio for business. The 'Effective Date' is defined in Appendix A of the agreement.
Body20 may grant an extension to this deadline at their discretion, but this is not guaranteed. If an extension is granted, Body20 may require the franchisee to pay an extension fee of $2,500 for each month (or portion thereof) that the opening deadline is extended. Additionally, Body20 may require the franchisee to execute a general release as a condition of the extension.
It's important to note that even if construction is complete, a Body20 franchisee cannot open their studio until they have received written approval from Body20. This approval is contingent upon several factors, including Body20's review of the certificate of occupancy, confirmation of compliance with the approved plans, fulfillment of pre-opening marketing obligations, satisfaction of training requirements for initial employees, and meeting the required minimum number of pre-opening members or paid membership sales as outlined in Appendix A. The franchisee must then open the studio to the public within ten days of receiving Body20's written approval. Failure to open for business by the Opening Deadline constitutes an event of default under the franchise agreement.