When did BFLLC transfer the Basecamp Fitness franchise agreements to the current franchisor?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
In November 2021, as part of the Securitization Transaction (described below), BFLLC transferred all existing U.S. franchise, area development and related agreements for Basecamp Fitness locations to us, 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 locations in the U.S. were also transferred to us. BFLLC has operated Basecamp Fitness studios since May 2019 and offered franchises under the Basecamp Fitness name from the spring of 2020 to November 2021. BFLLC no longer offers franchises for this business, and has never offered franchises in any other line of business.
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, BFLLC transferred all existing U.S. franchise, area development, and related agreements for Basecamp Fitness locations to the current franchisor in November 2021. This transfer was part of a securitization transaction. Following the transfer, the current franchisor became responsible for all existing and future franchise, area development, and related agreements. Additionally, ownership and control of all U.S. trademarks and certain intellectual property related to the operation of Basecamp Fitness locations in the U.S. were also transferred at this time.
Prior to this transfer, BFLLC had been operating Basecamp Fitness studios since May 2019 and offering franchises under the Basecamp Fitness name from the spring of 2020 until November 2021. After the transfer, BFLLC ceased offering franchises for the Basecamp Fitness business and has not offered franchises in any other line of business.
This change in franchisor could be important for prospective franchisees to understand, as it may impact the support, training, and overall relationship with the franchise system. It is common for franchise systems to undergo restructuring or acquisitions, but it is essential to understand the implications of such changes. A prospective franchisee should inquire about the reasons for the securitization transaction and how it has affected the franchise system's operations and support for franchisees.