What is the Basecamp Fitness franchisee acknowledging when filling out the iFinance section?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| QUESTION | YES | NO |
|---|---|---|
| 1. Have you received and personally reviewed the Franchise Disclosure Document | ||
| provided to you? | ||
| 2. Did you sign a receipt (Item 23) for the Franchise Disclosure Document indicating | ||
| the date you received it? | ||
| 3. Have you received and personally reviewed the Franchise Agreement and/or Area | ||
| Development Agreement and each exhibit or schedule attached to it? | ||
| 4. Are you legally eligible to work or own a business in the United States and/or Canada, | ||
| including the state or province in which the Franchise will be located? | ||
| 5. Has any employee or other person speaking on behalf of the Franchisor made any | ||
| statement or representation regarding the actual, average or projected | ||
| memberships, revenues, or profits that you, Franchisor, or any of our franchisees | ||
| have achieved in operating the Franchise, other than what is contained in the | ||
| Franchise Disclosure Document? | ||
| 6. Has any employee or other person speaking on behalf of the Franchisor made any | ||
| promise or agreement, other than those matters addressed in your Franchise | ||
| Agreement, concerning advertising, marketing, media support, market penetration, | ||
| training, support service or assistance or any other material subject relating to the | ||
| Franchise that is contrary to, or different from, the information contained in the | ||
| Franchise Disclosure Document? | ||
| 7. Has any employee or other person speaking on behalf of the Franchisor made any | ||
| other oral, written, visual or other promises, agreements, commitments, | ||
| understandings, rights-of-first refusal or otherwise to you with respect to any matter, | ||
| except as expressly set forth in the Franchise Agreement and/or Area Development | ||
| Agreement or in an attachedwrittenAmendmentsigned byyouand us? | ||
| 8. Are there any contingencies, prerequisites, or other reservations existing (excluding | ||
| obtaining financing for equipment or build-out of your Basecamp Fitness Studio) that | ||
| will affect your ability to sign or perform your obligations under the Franchise | ||
| Agreement and/or Area Development Agreement? |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to the 2025 Basecamp Fitness Franchise Disclosure Document, the franchisee is acknowledging several key aspects related to the Franchise Disclosure Document (FDD), Franchise Agreement, and their understanding of the business relationship with Basecamp Fitness. The franchisee confirms they have received and personally reviewed the FDD and the Franchise Agreement, including all attached exhibits and schedules. This indicates that the franchisee has had the opportunity to understand the terms and conditions of the franchise. They also confirm having signed a receipt (Item 23) for the FDD, acknowledging the date they received it, which is a standard procedure to ensure the franchisee has the required time to review the document before making a commitment.
Furthermore, the franchisee confirms their legal eligibility to work or own a business in the United States and/or Canada, including the specific state or province where the Basecamp Fitness franchise will be located. This is a critical aspect, as legal eligibility is a prerequisite for operating a franchise. The franchisee also affirms that no unauthorized statements or representations regarding potential revenues or profits have been made by anyone on behalf of Basecamp Fitness, other than what is contained in the FDD. This protects both the franchisee and franchisor by ensuring that decisions are based on the official financial information provided in the FDD, rather than potentially misleading promises.
Additionally, the franchisee confirms that no other promises or agreements have been made that contradict the information in the FDD or the Franchise Agreement, ensuring that all understandings are documented and legally binding. They also disclose whether any contingencies or reservations exist that might affect their ability to fulfill their obligations under the Franchise Agreement, excluding typical financing for equipment or build-out. This allows Basecamp Fitness to assess any potential risks or challenges the franchisee might face.
By answering these questions, the prospective Basecamp Fitness franchisee demonstrates their understanding of the franchise opportunity and confirms that their decision is based on the official information provided by Basecamp Fitness. This process aims to protect both parties by ensuring transparency and informed consent before entering into a franchise agreement. Franchisees in California, Hawaii, Maryland, and Washington are exempt from signing this questionnaire.