What must a Basecamp Fitness franchisee transfer to the transferee?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- Contemporaneous with the Transfer hereunder you shall have transferred to the transferee all of the Franchise Agreements under which you or any affiliate are operating Basecamp Fitness studios, and you must comply with all of the conditions for transferring each of those agreements, including the requirement to pay a transfer fee in connection with the transfer of each of those agreements.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 51–55)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, a franchisee must transfer all Franchise Agreements under which they or any affiliate operate Basecamp Fitness studios to the transferee. The franchisee must also comply with all conditions for transferring each of those agreements. This includes paying a transfer fee for each agreement.
This requirement ensures that if a franchisee is operating multiple Basecamp Fitness studios, they cannot sell off individual locations piecemeal. All locations must be transferred together to the same buyer. This protects the integrity of the Basecamp Fitness brand and ensures a consistent experience for customers.
It is important to note that the transferee must meet Basecamp Fitness's standards for franchisees and sign a new franchise agreement. The franchisor has the right to approve all transfers, but will not withhold approval if all requirements are met. The new franchise agreement may contain materially different terms and conditions than the original agreement, but the transferee will not be required to pay a new initial franchise fee.