Which entity manages and services the assets of the Purpose Brands Securitization Entities for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Anytime Fitness, LLC manages and services the assets of the Purpose Brands Securitization Entities in return for a management fee under a management agreement (the "Securitization Management Agreement"). The primary responsibilities of Anytime Fitness, LLC as the manager are to administer collections of royalties and other securitized revenues and perform certain franchising, operational, intellectual property and reporting on behalf of the Purpose Brands Securitization Entities with respect to the managed assets.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, Anytime Fitness, LLC manages and services the assets of the Purpose Brands Securitization Entities. In return for these services, Anytime Fitness, LLC receives a management fee under a management agreement referred to as the "Securitization Management Agreement."
Anytime Fitness, LLC's primary responsibilities include administering the collection of royalties and other securitized revenues. They also handle certain franchising, operational, intellectual property, and reporting tasks on behalf of the Purpose Brands Securitization Entities, specifically concerning the managed assets.
For a prospective Basecamp Fitness franchisee, this arrangement means that a portion of the royalties paid will be managed by Anytime Fitness, LLC as part of the securitization process. While Basecamp Fitness franchisees interact directly with Basecamp Fitness Franchisor LLC for their franchising needs, Anytime Fitness, LLC plays a behind-the-scenes role in managing the financial aspects related to the securitized assets.