Under what condition is the Body20 Successor Fee payable?

According to Body20's 2025 Franchise Disclosure Document, the Successor Fee is payable if a franchisee qualifies for and enters into a successor term. The fee is 25% of the then-current franchise fee. This fee is due upon the execution of the successor franchise agreement.

In simpler terms, if a Body20 franchisee's initial franchise term is coming to an end and they meet the criteria to renew their agreement for another term, they will need to pay a Successor Fee. This fee compensates Body20 for allowing the franchisee to continue operating under the Body20 brand and system.

It is important for prospective Body20 franchisees to understand the conditions under which this fee is payable, as it represents a significant cost associated with continuing the franchise beyond the initial term. Franchisees should factor this potential expense into their long-term financial planning and consider the implications for their business's profitability and sustainability.