Does the Basecamp Fitness Franchise Disclosure Document receipt exclude obtaining financing for equipment or build-out of the Basecamp Fitness studio as a contingency?

According to the 2025 Basecamp Fitness Franchise Disclosure Document, the receipt includes a question about contingencies or prerequisites that might affect a franchisee's ability to fulfill their obligations under the Franchise Agreement or Area Development Agreement. Question 10 specifically addresses whether any such contingencies exist, but it explicitly excludes 'obtaining financing for equipment or build-out of your Basecamp Fitness Studio' from being considered a contingency that needs to be disclosed.

This means that a prospective Basecamp Fitness franchisee does not need to list securing financing for equipment or the studio build-out as a contingency when completing the receipt. The franchisor acknowledges that obtaining financing is a common and often necessary step for new franchisees, and they do not want it to be considered a barrier to signing the agreement.

However, it is important for potential Basecamp Fitness franchisees to understand that while obtaining financing is excluded as a contingency on the receipt, it is still the franchisee's responsibility to secure the necessary funds to cover all start-up costs and ongoing expenses. Failure to obtain adequate financing could still prevent the franchisee from fulfilling their obligations under the agreement, even if it was not initially disclosed as a contingency.