What is the condition for paying the Renewal Fee to Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount (Note 1) | Due Date | Remarks |
|---|---|---|---|
| Renewal Fee | $5,000 | At least 15 days before the term of your Franchise Agreement expires. | You only pay this fee if you want to renew your franchise. |
Source: Item 6 — OTHER FEES (FDD pages 17–24)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the Renewal Fee of $5,000 is only paid if a franchisee wants to renew their franchise agreement. This fee must be paid at least 15 days before the current term of the Franchise Agreement expires.
This means that a Basecamp Fitness franchisee is not automatically obligated to pay the renewal fee. The franchisee has the option to renew their agreement and continue operating under the Basecamp Fitness brand, or to let the agreement expire. If the franchisee chooses to renew, they must submit the $5,000 payment at least 15 days prior to the expiration date of the current agreement.
Franchise agreements typically have a set term, often 10 years, and renewal is not guaranteed. The franchisor may have certain conditions that must be met for renewal to be granted, such as meeting performance standards or completing required training. Franchisees should carefully review the renewal terms in their franchise agreement to understand the requirements and deadlines for renewal.