ANYTIME FITNESS FRANCHISE DISCLOSURE DOCUMENT

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STATE COVER PAGE Your state may have a franchise law that requires a franchisor to register or file with a state franchise administrator before offering or selling in your state. REGISTRATION OF A FRANCHISE BY A STATE DOES NOT MEAN THAT THE STATE RECOMMENDS THE FRANCHISE OR HAS VERIFIED THE INFORMATION IN THlS DISCLOSURE DOCUMENT. Call the state franchise administrator listed in Exhibit A for information about the franchisor, or about franchising in your state. MANY FRANCHlSE AGREEMENTS DO NOT ALLOW YOU TO RENEW UNCONDITIONALLY AFTER THE INITIAL TERM EXPIRES. YOU MAY HAVE TO SIGN A NEW AGREEMENT WITH DIFFERENT TERMS AND CONDITIONS IN ORDER TO CONTINUE TO OPERATE YOUR BUSINESS. BEFORE YOU BUY, CONSIDER WHAT RIGHTS YOU HAVE TO RENEW YOUR FRANCHISE, IF ANY, AND WHAT TERMS YOU MIGHT HAVE TO ACCEPT TO RENEW. Please consider the following RISK FACTORS before you buy this franchise: 1. THE FRANCmSE AGREEMENT PERMITS THE FRANCmSEE TO ARBITRATE AND LITIGATE WITH THE COMPANY ONLY IN MINNESOTA. OUT OF STATE ARBITRATION OR LITIGATION MAY FORCE YOU TO ACCEPT A LESS FAVORABLE SETTLEMENT. IT MAY ALSO COST MORE TO ARBITRATE OR LITIGATE WITH US IN MINNESOTA THAN IN YOUR HOME STATE.* 2. THE FRANCmSE AGREEMENT STATES THAT MINNESOTA LAW GOVERNS THE AGREEMENT, AND THIS LAW MAY NOT PROVIDE THE SAME PROTECTIONS AND BENEFITS AS LOCAL LAW. YOU MAY WANT TO COMPARE THESE LAWS. 3. THERE MAY BE OTHER RISKS CONCERNING TmS FRANCmSE. *See Disclosure Document and Franchise Agreement, as well as any addendum thereto, for provisions which create exceptions to this clause, or which may override this clause. We may use the services of one or more franchise brokers or referral sources to assist us in selling our franchise. A franchise broker or referral source represents us not you. We pay this person a fee for selling our franchise or referring you to us. You should be sure to do your own investigation of the franchise. EFFECTIVE DATE: See Exhibit A for State Specific Effective Dates. FDD
ANYTIME FITNESS, LLC FRANCmSE DISCLOSURE DOCUMENT TABLE OF CONTENTS ITEM 1. THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES 1 ITEM 2. BUSINESS EXPERIENCE ............................................................................................. 2 ITEM 3. LITIGATION ................................................................................................................... 3 ITEM 4. BANKRUPTCy ............................................................................................................... 4 ITEM 5. INITIAL FEES ................................................................................................................. 4 ITEM 6. OTHER FEES .................................................................................................................. 7 ITEM 7. ESTIMATED INITIAL INVESTMENT ......................................................................... 9 ITEM 8. RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES ........................ 13 ITEM 9. FRANCHISEE'S OBLIGATIONS ................................................................................ 15 ITEM 10. FINANCING ................................................................................................................ 16 ITEM 11. FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING ................................................................................................................. 22 ITEM 12. TERRITORY ............................................................................................................... 29 ITEM 13. TRADEMARKS .......................................................................................................... 30 ITEM 14. PATENTS, COPYRIGHTS AND PROPRIETARY INFORMATION ...................... 30 ITEM 15. OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS .......................................................................................... 31 ITEM 16. RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL .............................. 31 ITEM 17 . RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION ......... 31 ITEM 18. PUBLIC FIGURES ...................................................................................................... 36 ITEM 19. FINANCIAL PERFORMANCE REPRESENTATIONS ............................................ 36 ITEM 20. OUTLETS AND FRANCHISEE INFORMATION .................................................... 40 ITEM 21. FINANCIAL STATEMENTS ..................................................................................... 51 ITEM 22. CONTRACTS .............................................................................................................. 51 ITEM 23. RECEIPTS ................................................................................................................... 51 EXHmITS A. LIST OF STATE AGENCIES/AGENTS FOR SERVICE OF PROCESS AND STATE SPECIFIC EFFECTIVE DATES (IF ApPLICABLE) B. TABLE OF CONTENTS OF OPERATIONS MANUAL C. LIST OF FRANCHISEES D. FINANCIAL STATEMENTS E. FRANCHISE AGREEMENT, GUARANTY, GENERAL RELEASE AND STATE SPECIFIC ADDENDA TO FRANCHISE AGREEMENT F. AREA DEVELOPMENT AGREEMENT, GUARANTY AND STATE SPECIFIC ADDENDA TO AREA DEVELOPMENT AGREEMENT G. STATE SPECIFIC ADDENDA TO FRANCHISE DISCLOSURE DOCUMENT H. FINANCING CONSULTANT AGREEMENT I. FINANCING DOCUMENTS J. PROVISION SECURITY SOLUTIONS, LLC AGREEMENT 1237936.2 FDD
Page 1: ANYTIME FITNESS FRANCHISE DISCLOSUR
Page 5 and 6: operations and licenses. Many state
Page 7 and 8: 1. Anytime Fitness, Inc. v. Reserve
Page 9 and 10: If you are an existing franchisee t
Page 11 and 12: Type of Fee (Note 1) Amount (Note 2
Page 13 and 14: AMOUNT TYPE OF ANYTIME METHOD TO WH
Page 15 and 16: (7) We require you have an automate
Page 17 and 18: We may negotiate preferred vendor c
Page 19 and 20: Section in Franchise Section in Dev
Page 21 and 22: Under the personal guaranty, which
Page 23 and 24: $150,000 per location. Gaia will ty
Page 25 and 26: ITEM 11. FRANCmSOR'S ASSISTANCE, AD
Page 27 and 28: Name Subjects Taught Background Deb
Page 29 and 30: the initial training, will provide
Page 31 and 32: services to the fund. We will not s
Page 33 and 34: ITEM 13. TRADEMARKS The Franchise A
Page 35 and 36: Provision b. Renewal or extension o
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Page 41 and 42: ACCOUNTANT HAS AUDITED THESE FIGURE
Page 43 and 44: the third (800 members) column. Bec
Page 45 and 46: State Year Number of Transfers 2006
Page 47 and 48: Reacquired Ceased Outlets by the Op
Page 49 and 50: Outlets Outlets at Reacquired Outle
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Name l City and State Telephone Num
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FDD EXHIBIT A LIST OF STATE AGENCIE
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Virginia State Corporation Commissi
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FDD EXHIBITB TABLE OF CONTENTS OF O
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150 -151 152 153 153 154 -160 161 -
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FDD EXHIBITC LIST OF FRANCmSEES AS
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Name Scott & Shelby Mitteer Shane M
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Name Address Telephone GymDay Corp.
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Name Address Telephone Full of Life
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Name Address Telephone Colorado 534
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Name Address Telephone Good Life Ve
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Name Address Telephone H-I02 Inc. 1
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Name Address Telephone Chris Naples
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Name Address Telephone Bill Taylor
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Name Address Telephone Make It Happ
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Name Address Telephone Joe Koeppl 1
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Name Address Telephone Temple Keepe
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Name Address Telephone 7350 West St
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Name Address Telephone 24 Fitness,
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Name Address Telephone Dana Cates H
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Name Address Telephone Metairie Fit
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Name Address Telephone Ultimate Sec
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Name Address Telephone NK Fitness,
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Name Address Telephone FIF, Inc. 65
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Name Address Telephone J Abernethy,
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Name Address Telephone Kenneth & Kr
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Name Miranda Hills Miranda Hills Mi
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Name Address Telephone Kenny Stubbl
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Name Address Telephone West-Am Fitn
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Name Address Telephone 24 Fitness,
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Name Address Telephone Clifford Pie
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Name Address Telephone Rick Whittin
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Name Address Telephone Effects Pers
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Name Address Telepbone RL W Enterpr
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Name Address Telephone Silent Owl,
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Name Address Telephone 2101 Broadwa
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Name Address Telephone Dennis Rudni
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Name Address Telephone Fitness 180,
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Name Address Telephone 1604 N Calab
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Name Address Telephone Jerry Greger
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Name Address Telephone CM Fitness,
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Name Address Telephone Erik Recende
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Name Address Telephone Helen Wada 1
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Name Address Telephone Scott Schimm
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FDD EXHIBITD FINANCIAL STATEMENTS
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ANYTIME FITNESS, INC. FINANCIAL STA
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- This page intentionally left blan
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ANYTIME FITNESS, INC. STATEMENT OF
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ANYTIME FITNESS, INC. NOTES TO FINA
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ANYTllvIE FITNESS, INC. FINANCIAL S
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SUPPLEMENTAL DISCLOSURES OF CASH FL
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FA 12/09 FRANCHISE AGREEMENT ANYTIM
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ANYTIME FITNESS FRANCHISE AGREEMENT
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fees and a modification to the Prot
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5. MONTHLY FEE A. Monthly Fee. You
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1. We will have ten (10) business d
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containing such Marks as we designa
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1. You acknowledge that the mandato
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You will also allow us to visit you
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insurance program and waive any cla
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7. prior to the date of the propose
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C. Applicable Law. If the provision
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17. YOUR COVENANTS NOT TO COMPETE A
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arbitration proceeding brought agai
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provisions relating to assignment.
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L. Patriot Act. You represent and w
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1. Effective Date: ________ _ FRANC
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PERSONAL GUARANTY AND AGREEMENT TO
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STATE SPECIFIC ADDENDUM TO FRANCHIS
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IN WITNESS WHEREOF, the undersigned
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STATE SPECIFIC ADDENDUM AS REQUIRED
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ADA 12/09 AREA DEVELOPMENT AGREEMEN
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ANYTIME FITNESS® AREA DEVELOPMENT
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provided, however, that you will no
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1. Effective Date: _______ _ AREA D
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PERSONAL GUARANTY AND AGREEMENT TO
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STATE SPECIFIC ADDENDUM TO DEVELOPM
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FDD EXHIBITG STATE SPECIFIC ADDENDA
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5. The Franchise Agreement contains
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TOGETHER WITH A COPY OF ALL PROPOSE
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exercising a right of first refusal
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6. The following is added in Item 1
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Financing Consultant Agreement You,
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FDD EXHffiITI-l US BANK FINANCE DOC
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FDD AMERIFUND FINANCE DOCUMENTS
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SCBEDULE"A" COLLATERAL For the Fina
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FDD ExmBIT 1-3-2
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REQUEST FOR DRIVER'S LICENSE Please
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FDD EXHIBIT 1-3-3
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(9) Lessee shall have no remedy for
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Purchase Option Lease #: _____ _ Fo
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FDD EXHIBIT 1-4 KLC FINANCIAL, INC.
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GAIA Leasing LLC 50 South Sixth Str
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11. Location, Ownership and Use The
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(b) The failure of Lessee to perfor
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EXHIBIT A EARLY TERMINATION SCHEDUL
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FDD EXHIBIT 1-6 LIFE FITNESS FINANC
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Re: "Obligor" Personal Guaranty To
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EQUIPMENT LEASE AGREEMENT THIS AGRE
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and Lessor. At Lessor's option, all
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(b) Lessee shall fail to make any o
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this Lease inures to the benefit of
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IF LESSEE IS OTHER THAN AN INDIVIDU
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EXHIBIT A AGREEMENT OF UNCONDITIONA
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FDD EXHIBIT J PROVISION SECURITY SO
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e. ProVision Materia/s. In connecti
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Hosting Services Fee = $19.99 Monit
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9. General a. Independent Contracto
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ITEM 23. RECEIPT This Disclosure Do
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ITEM 23. RECEIPT This Disclosure Do
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