When investing in a Basecamp Fitness franchise, what information is required regarding non-retirement funds, including account owner name, source, and amount?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, if a franchisee is investing personal, non-retirement funds into a new corporation, they must provide specific information. This includes the account owner's name, the source of the funds (identified as 'Guidant Fee/Cash'), and the amount being invested.

This level of detail allows Basecamp Fitness to assess the financial stability and resources of its franchisees. By understanding the source and amount of funds, Basecamp Fitness can better evaluate the franchisee's ability to manage the financial demands of starting and operating the franchise.

Prospective franchisees should be prepared to provide accurate and complete information regarding their non-retirement funds. This transparency is a standard practice in franchising, ensuring that both the franchisee and franchisor are entering into a well-informed and sustainable business relationship. Failing to disclose this information or providing inaccurate details could potentially impact the approval of the franchise agreement.