What was the average gross revenue for Basecamp Fitness studios, combining both franchise and affiliate-owned locations, according to the 20-studio data set?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the average gross revenue for all 20 studios, which includes both franchised and affiliate-owned locations, was $531,192. This data is based on studios that were open and operating for the entire 12-month period ending February 28, 2025. The FDD specifies that gross revenue includes all income from membership package sales and gift cards, but excludes bona fide refunds, credits, and sales taxes remitted to governmental authorities. Chargebacks are not deducted from gross revenue.

The Item 19 data indicates that 45% of the studios (9 out of 20) met or exceeded this average gross revenue. The median gross revenue for these 20 studios was $423,986, with the highest gross revenue reaching $1,579,869 and the lowest at $178,499. It is important to note that these figures represent gross revenue and do not reflect the costs of sales, operating expenses, or other costs that would be deducted to determine net income or profit.

Prospective franchisees should be aware that their individual results may differ, and there is no assurance they will achieve the same level of sales. Basecamp Fitness advises conducting an independent investigation of the costs and expenses associated with operating a studio. The FDD also notes that written substantiation for the financial performance representations is available upon reasonable request. Franchisees and former franchisees listed in the FDD may also be a source of information regarding potential costs and expenses.