As of December 31, 2022, how many franchised Basecamp Fitness outlets were at the start of the year?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 6 | 9 | +3 |
| 2023 | 9 | 16 | +7 | |
| 2024 | 16 | 19 | +3 | |
| Company-Owned | 2022 | 6 | 5 | -1 |
| 2023 | 5 | 5 | 0 | |
| 2024 | 5 | 4 | -1 | |
| Total Outlets | 2022 | 12 | 14 | +2 |
| 2023 | 14 | 21 | +7 | |
| 2024 | 21 | 23 | +2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–61)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, at the start of 2022, there were 6 franchised outlets. By the end of 2022, this number had increased to 9, representing a net change of +3 for that year. This information is part of a system-wide outlet summary covering the years 2022-2024.
For a prospective franchisee, this data indicates the growth trajectory of franchised Basecamp Fitness locations. The increase from 6 to 9 locations in 2022 suggests a positive trend in franchise expansion. Reviewing the subsequent years, 2023 and 2024, shows continued growth, with 7 and 3 new franchised outlets respectively, which could be encouraging for potential investors.
It's important to note that while the number of franchised locations increased, the number of company-owned locations decreased during the same period. This shift may reflect a strategic decision by Basecamp Fitness to focus more on franchising as a means of expansion. A potential franchisee should investigate the reasons behind this shift and its implications for the overall business model.
When evaluating this franchise opportunity, a prospective franchisee should also consider factors beyond just the number of outlets. These include the financial performance of existing franchises, the level of support provided by Basecamp Fitness to its franchisees, and the competitive landscape in their target market. Understanding these aspects will provide a more comprehensive view of the potential risks and rewards of investing in a Basecamp Fitness franchise.