Numbers & Timeline
Understanding the numbers and the timeline to opening your own Urban Air Adventure Park is a critical component of your journey with us.
Here's what you need to know.
INITIAL FRANCHISE FEE
While the timeline varies from market to market, generally, the Urban Air timeline from initial conversation to Park opening follows a fairly methodical approach.
First, you complete the Urban Air Discovery Process for Steps 1-8 in 45-60 days.
REAL ESTATE PROCESS
Within two days after execution of the Franchise Agreement, a kickoff call will take place with you/your partners/your investors and our Chief Franchise Officer, VP of Park Development, Master Real Estate Broker, Master Broker’s local broker, our architect of record and the franchise recruiter.
Step 10: Next 90 – 120 days
Working with our Master and Local Broker going through the search area market, reviewing all sites that meet minimum requirements as determined by Urban Air, submitting LOIs, scheduling tours, receiving Landlord LOI counter-offer(s) and negotiate to a final LOI.
Step 11: Next 90 – 120 days
Final LOI is agreed to and then formally placed into a lease agreement. Urban Air also performs a test fit on the potential location for layout of attractions, Café, number of party rooms, etc.
Step 12: Next 60 – 90 days
Final LOI is then used to create proforma and move to start speaking with creditors. As the financial discussions are taking place, final LOI is placed into lease agreement. Lease agreement is reviewed, and revisions are addressed to final lease agreement and financing is secured in 60 – 90 days.
Architectural, engineering and construction phase begins (371 Steps) works directly with assigned project manager = 300 days.