What brands, other than Basecamp Fitness, were part of the Securitization Transaction mentioned in the FDD?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
press center from October 2006 to 2009. In November 2021 the agreements under which these franchises were operated were transferred to Anytime Fitness as part of the Securitization Transaction discussed below. As of December 31, 2024, Anytime Fitness had 2,290 franchised centers in operation in the United States and AFLLC had 11 company-owned centers. AFLLC also acts as our manager as discussed below. Our affiliate, Anytime Fitness Iberia, SLU ("AFI"), offers and sells Anytime Fitness franchises for Anytime Fitness locations in Spain.
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, the Securitization Transaction in November 2021 involved the transfer of agreements for several franchise brands. Specifically, Anytime Fitness and The Bar Method were part of this transaction. The agreements under which these franchises operated were transferred to Anytime Fitness Franchisor, LLC and The Bar Method Franchising LLC, respectively. Waxing the City was also part of this transaction, with agreements transferred to Waxing the City Franchisor LLC.
This means that as part of a larger financial restructuring, the legal entities responsible for franchising these brands were reorganized. For a prospective Basecamp Fitness franchisee, this indicates that the parent company, Self Esteem Brands (SEB), engages in complex financial maneuvers that could impact the franchise system. It is important to note that AFLLC also acts as Basecamp Fitness's franchise sales agent and provides support and services to Basecamp Fitness franchisees.
It is important for a potential franchisee to understand the implications of these affiliations and the securitization transaction. While the FDD provides some information, further due diligence is recommended to assess the stability and long-term strategy of Self Esteem Brands and its impact on the Basecamp Fitness franchise system. Understanding the financial health and strategic direction of the parent company can help a franchisee make an informed decision about investing in a Basecamp Fitness franchise.