If my heirs assume my Basecamp Fitness franchise rights, what requirements must they meet?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| | p. Your death or disability | Section 13.B – Franchise Agreement Area Development Agreement – Not Applicable | Your heirs can assume your rights, but if they do, they must meet the transfer requirements. | | | k. "Transfer" by you – defined | Section 13.B – Franchise Agreement and Section 7.C – Area Development Agreement | Includes transfer of contract or business, or transfer of majority control of the Franchise Agreement or of the business. | | l. | Our approval of transfer by franchisee | Section 13.B – Franchise Agreement Section 7.C – Area Development Agreement | We have the right to approve all transfers, but will not withhold our consent if all of the requirements for the transfer are met. We have the right to approve, but you may not transfer only a portion of your rights. | | | m. Conditions for our approval of transfer | Section 13.B – Franchise Agreement Section 7.C – Area Development Agreement | Conditions include: (i) You must be in compliance with the Franchise Agreement and provide us with all information we require regarding the proposed transaction; (ii) transferee must meet our requirements and sign a new franchise agreement on our then-current form for the remaining term of your agreement (which may contain materially different terms and conditions then in your agreement, but we will not require the transferee to pay us a new initial franchise fee.); (iii) payment of any broker fees or commissions and you must also pay a transfer fee and sign a release (subject to state law); (iv) transferee must agree to perform any maintenance, remodeling and re-equipping of your Basecamp Studio that we deem necessary; and (v) transferee's Principal Operator must successfully complete all required training. You must meet any additional conditions we specify in the Operations Manual or otherwise in writing. You must sign franchise agreements for all remaining Basecamp Studios you are permitted to develop, and you must transfer those agreements to the same person or entity to whom you are transferring the Area Development Agreement. You must meet any additional conditions we specify in the Operations Manual or otherwise in writing
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, if the franchisee dies or becomes disabled, their heirs can assume the franchise rights, provided they meet the standard transfer requirements. These transfer requirements are detailed in Section 13.B of the Franchise Agreement and Section 7.C of the Area Development Agreement.
The general conditions for transfer approval include the franchisee being in compliance with the Franchise Agreement and providing all necessary information about the proposed transaction. The transferee (in this case, the heir) must meet Basecamp Fitness's requirements and sign a new franchise agreement, which will be the then-current form for the remaining term of the original agreement. This new agreement may have materially different terms and conditions, but the transferee will not be required to pay a new initial franchise fee.
Additional conditions include paying any broker fees or commissions, as well as a transfer fee, and signing a release. The transferee must also agree to perform any maintenance, remodeling, or re-equipping of the Basecamp Studio that Basecamp Fitness deems necessary. Furthermore, the transferee's Principal Operator must successfully complete all required training. Basecamp Fitness may specify additional conditions in the Operations Manual or in writing. If the franchisee has rights to develop additional Basecamp Studios, they must sign franchise agreements for all remaining studios and transfer those agreements to the same person or entity.