FDD Items 3 & 4 · 2025 filing
Do The Beach Adventure Parks litigation history
What Do The Beach Adventure Parks disclosed about lawsuits, arbitrations and bankruptcy in the 2025 Franchise Disclosure Document. Item 3 lists the material legal actions a franchisor must report; Item 4 covers bankruptcy. This is the franchisor's own disclosure, not a court record, and not legal advice.
Items 3 & 4 at a glance
What the filing discloses
- Cases disclosed
- 5
- Item 3, as counted in the filing
- Largest disclosed settlement
- $1.1M
- As stated in Item 3
- Bankruptcy (Item 4)
- Disclosed
- Franchisor, parent, predecessor or officer
- Filing year
- 2025
- Disclosures cover the prior ten years
Extracted from the 2025 Franchise Disclosure Document
Item 3: litigation
Five cases in Item 3, all involving VP of Finance Curt Skallerup's prior Altitude Trampoline Park activities: (1) Bump It Up franchise territory breach, settled $1,075,000; (2) Jim Kamp agent compensation, settled $200,000; (3) ATP Holding Company acquisition fraud/indemnity litigation, settled with escrow distribution; (4) William Pruitt personal injury at trampoline park, settled $5,000; (5) 2434 South I-35E Leasing guaranty/fraud, Skallerup settled Plaintiffs' claims for $350,000 (third-party claims against Renegades still pending)
Disclosed in the 2025 Franchise Disclosure Document
Item 4: bankruptcy
In re: AJC ATP, LLC d/b/a Altitude Trampoline Park, Case No. 21-12503-PDR (S.D. Fla.), filed March 16, 2021, dismissed April 23, 2021. Curt Skallerup (VP of Finance) is a minority member, manager and creditor of the debtor.
Disclosure signals that moved the score
How this shows up in the verdict
- Going concern warning indicates financial instability at corporate level
- Litigation history involving founder/officers with fraud and misrepresentation claims directly related to similar trampoline park business
The verdict grade is FranchiseVerdict's editorial assessment across SBA loan performance, unit growth, revenue and disclosure signals. It is not investment advice.
Before you weigh a lawsuit
How to read Item 3
A franchisor must disclose pending actions and any material civil action involving the franchise relationship, plus convictions or civil judgments for fraud, unfair or deceptive practices, or franchise-law violations, going back ten years. A case the franchisor brought against a franchisee counts too. Item 3 does not include every dispute: settled claims below the materiality line and matters resolved in private arbitration can be absent.
Questions worth asking current and former franchisees, using the contact list in Item 20:
- Were you, or anyone you know in the system, party to a dispute with the franchisor?
- Was it resolved by settlement, arbitration or a court, and on what terms?
- Has the number of disputes gone up or down since you signed?