Under what conditions might Body20 grant an extension to the Opening Deadline?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
ss:
1. we have complied with all applicable franchise registration and disclosure laws and, if required by applicable laws, have provided you with a copy of our then-current Franchise Disclosure Document; and
2. you and any Affiliated Entities have fully complied with any Franchise Agreements that are in effect.
3.2 Deadlines. You must enter into Franchise Agreements and develop and open Studios in accordance with the deadlines set forth in the Development Schedule. Signing Deadline. By each "Signing Deadline" specified in the Development Schedule, you must have signed our then-current standard form of Franchise Agreement for the applicable number of Studios in the Development Area specified on the Development Schedule. Opening Deadline. By each "Opening Deadline" s
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, Body20 may, at its sole discretion, extend the Opening Deadline for a studio. This extension is not automatic; Body20 decides whether or not to grant it.
The extension may be conditional. Body20 might require the franchisee to pay an extension fee of $2,500 for each month (or portion thereof) that the deadline is extended. Additionally, Body20 may require the franchisee to execute a general release, which typically means the franchisee agrees not to sue Body20 for any reason related to the extension or the franchise agreement.
If Body20 grants an extension, it only applies to the specific studio for which the extension was obtained. It does not affect any other deadlines outlined in the Development Schedule for other studios the franchisee may be developing. This means franchisees need to manage their development timelines carefully and request extensions only when absolutely necessary, understanding there will be associated costs and legal implications.