As of what date is the financial performance data in this Item 19 for Basecamp Fitness based?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
As of February 28, 2025 there were 16 franchised and 4 affiliate-owned Basecamp Studios in the Basecamp Fitness System that were open and operating for the entire 12 month period ended February 28, 2025 (the "Relevant Time Period"). We excluded 3 franchised Basecamp Studios from the data set that opened on or after March 1, 2024 and therefore did not operate for the entire Relevant Time Period. We excluded 1 affiliate-owned Basecamp Studio from the data set as it permanently closed during the Relevant Time Period. This Studio had been open for more than 12 months before closing.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 56–58)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the financial performance data in Item 19 is based on the 12-month period ending on February 28, 2025. This "Relevant Time Period" is used to calculate the average gross revenues for both franchised and affiliate-owned Basecamp Fitness studios.
The data set includes 16 franchised and 4 affiliate-owned Basecamp Fitness studios that were open and operating for the entire 12-month period. Three franchised studios that opened on or after March 1, 2024, were excluded because they did not operate for the entire period. Additionally, one affiliate-owned studio that permanently closed during the period was also excluded, even though it had been open for more than 12 months before closing.
Prospective franchisees should note that the financial performance representations provided are based on past performance and may not be indicative of future results. Basecamp Fitness emphasizes that individual results may vary and there is no assurance that a franchisee will achieve similar sales figures. It is important for potential franchisees to conduct their own independent investigation of costs and expenses to determine potential net income or profit.