What is the condition for transfer fees to be collectable by Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
r by this Agreement;
- If the transferee is a corporation, partnership, or limited liability company, no new voting interest in the transferee shall be issued to any person or entity without obtaining our prior written consent;
- You shall have fully paid and satisfied all of your obligations to us and our affiliates, including any under any Franchise Agreements for the operation of Basecamp Fitness studios; provided, however, you shall not be required to pay to
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 51–55)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, a transfer fee of $7,500 is payable at the time of the transfer approval request if the franchisee is transferring development rights but has not yet opened any Basecamp Fitness studios. This condition applies when the franchisee is not transferring existing Franchise Agreements because they haven't opened any studios yet.
This means that if a franchisee decides to transfer their rights before establishing any Basecamp Fitness studios, they will be required to pay a $7,500 transfer fee. This fee is specifically tied to the transfer of development rights before any studios are operational.
It is important for prospective franchisees to understand this condition, as it can impact their financial obligations if they decide to transfer their rights early in the development process. Franchisees should factor this potential fee into their financial planning and consider the implications of transferring their rights before opening any studios.