factual

When does billing begin for the monthly Technology Fee for a Basecamp Fitness studio?

Basecamp_Fitness Franchise · 2025 FDD

Answer from 2025 FDD Document

r prior years when no increase, or an increase of less than the permitted percentage increase, was implemented. You will pay this monthly Technology Fee to our affiliate, ProVision for the support of certain components in the Technology & Fitness Equipment Package. You will pay this fee on the first business day of each month after billing begins. Billing begins when your Studio starts pre-sale which is 60 to 90 days before opening. You may still need to purchase various technology and equipment that is not included in the Technology & Fitness Equipment Package. This fee does not include any music licensing fees nor does it include any third party services like fitness equipment maintenance, telephone or internet service.

  • (6) A person owning a 10% or greater interest in you or your Basecamp Studio ("Principal Owner"), must attend our Conference when offered, typically every other year. If they do not register for a Conference, we will bill you for the "early bird" minimum conference fee after the Conference.

Source: Item 6 — OTHER FEES (FDD pages 17–24)

What This Means (2025 FDD)

According to Basecamp Fitness's 2025 Franchise Disclosure Document, billing for the monthly Technology Fee begins when the studio starts its pre-sale phase, which typically occurs 60 to 90 days before the studio's opening. The franchisee will then pay this Technology Fee to ProVision, a Basecamp Fitness affiliate, on the first business day of each month. This fee is for the support of specific components within the Technology & Fitness Equipment Package.

It is important to note that this Technology Fee does not cover all technology and equipment needs, as franchisees may need to purchase additional items separately. Furthermore, the fee excludes music licensing fees and third-party services such as fitness equipment maintenance, telephone, or internet service. Franchisees should factor these additional costs into their budget when considering a Basecamp Fitness franchise.

Basecamp Fitness also retains the right to increase the Technology Fee by up to 10% annually. These adjustments are compounded annually and are cumulative, allowing for adjustments in any given year to account for prior years where increases were less than the permitted percentage. This means that the actual fee could increase by more than 10% in a year to make up for previous years with smaller or no increases, so franchisees should be prepared for potential fluctuations in this monthly expense.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.