Are the financial statements of Anytime Fitness, LLC audited for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
fiscal years ended December 31, 2022, December 31, 2023 and December 31, 2024. SFG guarantees our performance under the Franchise Agreement and other related documents. A copy of the guaranty of SFG is attached at Exhibit J.
As reflected in Item 1, Anytime Fitness, LLC will be providing required support and services to franchisees under a management agreement with us. Attached at Exhibit D are the audited financial statements of Anytime Fitness, LLC for the fiscal years ended December 31, 2022, December 31, 2023 and December 31, 2024. These financial statements are being provided for disclosure purposes only. Anytime Fitness, LLC is not a party to the Franchise Agreement, Development Agreement or any other agreement we sign with franchisees nor does it guarantee our obligations under the Franchise Agreement or Development Agreement we sign with franchisees.
ITEM 22 CONTRACTS
A copy of the Franchise Agreement, Franchise Agreement Guaranty, and General Release is attached as Exhibit E.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the audited financial statements of Anytime Fitness, LLC are included as Exhibit D. These statements cover the fiscal years ended December 31, 2022, December 31, 2023, and December 31, 2024. The FDD states that Anytime Fitness, LLC will provide required support and services to Basecamp Fitness franchisees under a management agreement.
However, the FDD explicitly states that these financial statements are provided for disclosure purposes only. Anytime Fitness, LLC is not a party to the Franchise Agreement, Development Agreement, or any other agreement that Basecamp Fitness signs with its franchisees. Furthermore, Anytime Fitness, LLC does not guarantee Basecamp Fitness's obligations under these agreements.
This means that while prospective Basecamp Fitness franchisees can review the financial performance of Anytime Fitness, LLC, they should understand that Anytime Fitness, LLC is a separate entity. It has a service agreement with Basecamp Fitness, but no direct contractual obligations to the franchisee. The financial health of Anytime Fitness, LLC could indirectly impact the support and services it provides to Basecamp Fitness franchisees, but it does not directly guarantee the success or obligations of the Basecamp Fitness franchise itself.