When is a site considered accepted by Body20?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
A site is not accepted until you have received our acceptance in writing, as indicated by our delivery of the completed and signed Schedule 1.
- 4.3 Site Acquisition.
Before you or an Affiliate make a binding commitment to purchase, lease, or sublease a site, we must accept the location in writing and approve in writing the proposed lease or purchase agreement or any letter of intent between you and the third-party seller or lessor.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, a site is not considered accepted until the franchisee receives written acceptance from Body20, indicated by their delivery of the completed and signed Schedule 1. Before a franchisee makes any binding commitments to purchase, lease, or sublease a site, Body20 must provide written acceptance of the location and approve the proposed lease or purchase agreement, including any letters of intent.
Body20 will review each site identified by themselves, their designated broker, or the franchisee, using their proprietary site selection assistance criteria to determine whether to accept it. However, Body20 retains the right to refuse any proposed site for any reason. If Body20 accepts a site, the specific location will be described on Schedule 1 to Appendix A of the Franchise Agreement.
The FDD emphasizes that Body20's acceptance of a proposed site does not constitute a warranty or representation regarding the potential success or profitability of the franchisee's studio. While Body20 may offer assistance and guidance, the franchisee bears the ultimate responsibility for selecting a suitable site. Once a site is accepted, Body20 will define the franchisee's territory in Schedule 1 to Appendix A, considering factors such as demographics, site characteristics, and nearby businesses and residences.
Furthermore, the franchisee must secure an approved site by signing a Site Lease or purchase agreement within 90 days after the Effective Date, referred to as the "Site Acquisition Deadline." Body20 may extend this deadline by an additional 90 days at their discretion, potentially requiring the franchisee to execute a general release as a condition for the extension. Failure to acquire an accepted site by the Site Acquisition Deadline may result in the termination of the Franchise Agreement by Body20.