When is the development fee due for a Basecamp Fitness Area Development Agreement?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
financing for any part of the initial investment.
YOUR ESTIMATED INITIAL INVESTMENT AREA DEVELOPMENT AGREEMENT
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
| Type of | Low Amount | High | Method of When Due | To Whom |
| Expenditure | Amount | Payment | Payment is to be Made | |
| Development Fee (Note 1) | $97,500 | $137,500 | Lump sum Upon signing the Area Development Agreement | Us |
| TOTAL | $97,500 | $137,500 | ||
| (Note 2) | ||||
Notes:
- (1) The Development Fee is described in Item 5. Under an Area Development Agreement, you must commit to opening more than one Basecamp Studio, and you will pay the Development Fee at the time you sign the Area Development Agreement, which will vary depending on the number of Studios you agree to develop. As described in Item 5, we offer Area Development Agreements for 3, 5, or more than 5 Studios. The low estimate assumes you agree to develop 3 Studios, and the high estimate assume you agree to develop 5 Studios.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–28)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, if you sign an Area Development Agreement, the development fee is due at the time you sign the Area Development Agreement. The amount of this fee varies depending on the number of Basecamp Studio locations you commit to developing.
Basecamp Fitness offers Area Development Agreements for 3, 5, or more than 5 studios. The low estimate for the development fee is based on an agreement to develop 3 studios, while the high estimate is based on developing 5 studios. The development fee ranges from $97,500 to $137,500, paid as a lump sum to Basecamp Fitness.
This development fee replaces the initial franchise fee that would otherwise be required for those studios. The FDD also states that when signing an Area Development Agreement, you must also sign the standard Franchise Agreement for your first studio. Therefore, the estimated initial investment for a single studio is in addition to the development fee, with the exception that the Development Fee replaces the Initial Franchise Fee you would have paid for those Studios.