How long after signing the Franchise Agreement do I have to secure a location and open my Basecamp Fitness studio?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
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Site Selection and Opening
You will be given the right to open a Basecamp Studio at a location that we agree on. You will have 12 months from the date you sign the Franchise Agreement to secure a location we approve and open and begin operating your Basecamp Studio. We will provide you with specifications to assist you in evaluating and selecting a site for your Basecamp Studio and may provide you recommendations on sites. It is your obligation to select a site for your studio and obtain our approval of that site. While we will assist you, and we may identify various potential sites in your market area, we have no obligation to locate or select a site for you, or negotiate the purchase or lease of a site, and we do not own the premises and lease them to you. Before you acquire any site, you must submit to us information and materials we require and obtain our approval to your site. The factors we take into account in approving a site are the visibility of the site, the location of competitors, whether the site is easily accessible, surrounding businesses and various other factors. We recommend that a Basecamp Studio should be 2,500 square feet but no larger than 3,000 square feet. We will generally tell you within 30 days whether or not we approve your proposed site. If you and we are unable to agree on a site for your Basecamp Studio, the opening of your Basecamp Studio may be delayed.
You may not open your Basecamp Studio until: (1) we notify you in writing that all of your pre-opening obligations have been fulfilled; (2) the Initial Training Program and any other trainings that must be completed by you or your personnel before opening must be completed to our satisfaction; (3) all amounts due to us have been paid; (4) we have been furnished with copies of all insurance policies and certificates required by the Franchise Agreement, or other documentation of insurance coverage and payment of premiums that we request; (5) you notify us that all approvals and conditions set forth in the Franchise Agreement have been met; (6) you have received all required permits and licenses; (7) you have met or exceed the minimum number of qualifying presold memberships (also referred to as founding members) that we have set for you based on your market density and other factors, not to exceed 150; and (8) you have ordered, received and installed your equipment, supplies, inventory and computer systems.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 35–45)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, you have 12 months from the date you sign the Franchise Agreement to secure an approved location and open your Basecamp Studio. The FDD estimates that the typical length of time between signing the Franchise Agreement and opening the studio is approximately 12 months. However, this timeline can be affected by factors such as competition for sites, ability to acquire space, secure financing, comply with local ordinances, obtain necessary permits, and the timing of equipment delivery.
Basecamp Fitness requires you to open your studio on or before the Required Opening Date listed on the Rider to the Franchise Agreement, which will not exceed 12 months from the date the Franchise Agreement becomes effective, unless otherwise approved by Basecamp Fitness. Failing to open the Basecamp Fitness studio by this date constitutes a default of the Franchise Agreement, potentially leading to termination of the agreement and retention of all payments made to Basecamp Fitness and its affiliates.
Before opening, you must fulfill several pre-opening obligations, including written notification that all pre-opening obligations have been met, completion of the Initial Training Program, payment of all due amounts, provision of required insurance policies, meeting all conditions set forth in the Franchise Agreement, receiving all required permits and licenses, meeting the minimum number of presold memberships (up to 150), and ordering and installing all necessary equipment, supplies, inventory, and computer systems.