For a Basecamp Fitness franchise, is obtaining financing for equipment or build-out of the Basecamp Fitness Studio considered a contingency that will affect the ability to sign or perform obligations under the Franchise Agreement?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, obtaining financing for equipment or the build-out of your Basecamp Fitness studio is explicitly excluded as a contingency that would affect your ability to sign or perform obligations under the Franchise Agreement. This information is part of a questionnaire that prospective franchisees review and answer.

This means that the Franchise Agreement is not contingent on securing financing. A prospective Basecamp Fitness franchisee should be aware that they are obligated to proceed with the agreement regardless of their success in obtaining financing. This could create a significant financial risk if financing falls through after signing the agreement.

Franchisees should carefully consider their financial situation and ability to secure funding before signing the Franchise Agreement. It would be prudent to have financing secured or at least a very high degree of confidence in obtaining it to avoid potential default on the agreement. Seeking legal and financial advice is recommended to fully understand the implications of this clause.