What agreements were transferred to the franchisor as part of the Securitization Transaction for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
fitness centers.
Securitization Transaction
Under a securitization financing transaction which closed in November 2021 (the "Securitization Transaction"), SEB and its affiliates were restructured. As part of the Securitization Transaction, our predecessor, BFLLC, transferred to us all existing U.S. franchise, area development and related agreements for Basecamp Fitness studios, and we became the franchisor of all existing and future franchise, area development and related agreements. Ownership and control of all U.S. trademarks and certain intellectual property relating to the operation of Basecamp Fitness studios in the U.S. were also transferred to us.
At the time of the closing of the Securitization Transaction, AFLLC entered into a management agreement with us to provide the required support and services to our franchisees under their franchise and area development agreements with us. AFLLC also acts as our franchise sales agent. We will pay management fees to AFLLC for these services.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–12)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, as part of the Securitization Transaction that closed in November 2021, Basecamp Fitness's predecessor, BFLLC, transferred all existing U.S. franchise, area development, and related agreements to Basecamp Fitness Franchisor LLC. This means that Basecamp Fitness Franchisor LLC became the franchisor for all existing and future franchise and area development agreements.
In addition to the franchise and area development agreements, ownership and control of all U.S. trademarks and certain intellectual property relating to the operation of Basecamp Fitness studios in the U.S. were also transferred to Basecamp Fitness Franchisor LLC. This transfer of intellectual property is crucial for maintaining brand consistency and protecting the Basecamp Fitness brand identity.
Furthermore, the 2025 FDD notes that similar transfers occurred with other affiliated franchise brands as part of the same Securitization Transaction. Specifically, the agreements under which Anytime Fitness and The Bar Method franchises were operated were transferred to Anytime Fitness Franchisor, LLC and The Bar Method Franchising LLC, respectively. Also, the agreements under which Waxing the City franchises were operated were transferred to Waxing the City Franchisor LLC.