What city and state is the audit report for Basecamp Fitness based out of?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Report of Independent Auditors
To the Management and Board of Directors of Purpose Brands Intermediate LLC
Opinion
We have audited the accompanying consolidated financial statements of Anytime Fitness, LLC and its subsidiaries (the "Company"), which comprise the consolidated balance sheet as of December 31, 2024, and the related consolidated statements of comprehensive income, of changes in member's deficit and of cash flows for the year then ended, including the related notes (collectively referred to as the "consolidated financial statements").
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the audit report provided is for Anytime Fitness, LLC and its subsidiaries. While the report itself does not explicitly state the city and state where the audit was conducted, it is addressed to the Management and Board of Directors of Purpose Brands Intermediate LLC.
To determine the specific location of the audit, a prospective Basecamp Fitness franchisee should investigate Purpose Brands Intermediate LLC, as this is the entity to whom the audit report is addressed. Understanding the auditor's location can provide insights into the geographic scope and focus of the financial review.
It is important to note that the audit report included in the FDD covers Anytime Fitness, LLC, and not Basecamp Fitness directly. However, both Anytime Fitness and Basecamp Fitness are under the umbrella of Purpose Brands Intermediate LLC. Therefore, further due diligence is recommended to understand the relationship between these entities and the implications for Basecamp Fitness franchisees.