Sky Zone Franchise Group, LLC is the franchisor. Sky Zone Indoor Trampoline Parks are trampoline walled playing fields that can be used for sports, fitness, and recreational activities. With the approval of the franchisor, they can be used as family entertainment attractions.
Before opening their park, franchisees must complete all required training. For franchisee’s the park management team, that includes at least principal owner and three managers and one additional leader of the franchisee, the franchisor offers an initial training program. The initial training program is from seven to 21 days long.
The training will be held in one of the franchisor’s certified Sky Zone Training Parks. The franchisor will also provide on-site assistance with the opening. One or two franchisor’s representatives will attend at the park for at least five days. The franchisor will take that expense. For experienced managers, the franchisor may offer additional programs. Currently, these programs are not mandatory. The franchisor will inform if they become mandatory.
Territory Granted: Franchisees have the right to own and operate their club only at a specific location. That right granted by the Franchise Agreement. Except for the circumstances set out in the FDD, the franchisor provides a protected territory to a franchisee. Territory based on zip codes or metes and bounds will be specified in the Franchise Agreement. Usually, Protected Territory will cover a population of 150,000 people, but there can be exceptions.
Obligations and Restrictions: Franchisees or their representative must personally manage and operate the park. They cannot delegate authority and responsibility without the written approval of the franchisor. Franchisees or their representatives must put their best offer to promote and enhance the franchise.
They also must always fulfill obligations with good faith, honesty, diligence. Each of the owners must personally and collectively comply with the terms of the Franchise Agreement and personally guarantee the work of the franchisee (or the person in charge). In the park must be offered only services and products required in writing by the franchisor. All services and products required by the franchisor must be offered by the franchisee.
Term of Agreement and Renewal: The franchise initial term is 10 years. If the franchisees comply with the terms of the franchisor they can renew the franchise for 10 years.
Financial Assistance: The franchisor or any agent or affiliate of its do not offer direct or indirect financing to franchisees. The franchisor or any agent or affiliate of its do not guarantee a franchisee’s note, lease or obligation. The franchisor or any agent or affiliate of its never has and does not intend to sell, assign or discount to a third party all or part of any of their financing arrangements.
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