What agreements must a transferring Basecamp Fitness franchisee execute?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, a franchisee looking to transfer their franchise must ensure several agreements are in place. If the transferee is a corporation, limited liability company, or partnership, all shareholders, members, or partners must enter into a written agreement, satisfactory to Basecamp Fitness, that jointly and severally guarantees the full payment and performance of the transferee's obligations. This agreement also requires them to be personally bound by all covenants and restrictions imposed on the transferee under the terms of the Franchise Agreement. This ensures that the franchisor has recourse to the personal assets of the owners of the new business entity.

Furthermore, contemporaneous with the transfer, the transferring franchisee must transfer all Franchise Agreements under which they or any affiliate are operating Basecamp Fitness studios. They must also comply with all conditions for transferring each of those agreements, including paying a transfer fee for each agreement. This implies that a franchisee with multiple Basecamp Fitness locations cannot transfer only some of them; all locations must be transferred together to the same entity.

In summary, a transferring Basecamp Fitness franchisee must ensure that the appropriate guarantee agreements are in place for business entity transferees and must transfer all existing franchise agreements to the same transferee, meeting all conditions and fees for each transfer. This protects Basecamp Fitness by ensuring the financial stability and commitment of the new ownership and maintains the integrity of the franchise system by preventing piecemeal transfers.