What was the amount of cash, cash equivalents, and restricted cash at the beginning of 2023 for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
vents, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified duri
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the amount of cash and cash equivalents at the beginning of 2023 was $5,000,000. This figure represents the total liquid assets readily available to Basecamp Fitness at the start of that year.
For a prospective franchisee, understanding the franchisor's cash position can be crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It can also indicate the company's capacity to invest in new initiatives, technology, or marketing efforts that could benefit the entire franchise system.
However, it is important to note that this figure represents cash and cash equivalents for Anytime Fitness, LLC and Subsidiaries, not specifically Basecamp Fitness. Further due diligence would be needed to determine the cash position specific to Basecamp Fitness.