How many Basecamp Fitness outlets closed in Minnesota during 2024?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| State1 | Year | Outlets at Start of the Year | Outlets | ||||
|---|---|---|---|---|---|---|---|
| Opened | Reacquired From | Outlets | Outlets Sold to | Outlets at End of | |||
| State1 | Franchisee | Closed | Franchisee | the Year | |||
| California | 2022 | 4 | 0 | 0 | 1 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Minnesota | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 1 | 0 | 1 | |
| Total Outlets | 2022 | 6 | 0 | 0 | 1 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 1 | 0 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–61)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, one outlet in Minnesota was closed during 2024. The table provided in Item 20 details the changes in outlet numbers across different states. At the start of 2024, there were two Basecamp Fitness outlets in Minnesota, and by the end of the year, that number decreased to one. This decrease is attributed to one outlet closing during that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Basecamp Fitness franchises in specific geographic locations. Outlet closures can be indicative of market challenges, management issues, or other factors affecting the viability of the franchise. Reviewing these trends helps a prospective franchisee assess the risks and opportunities associated with investing in a Basecamp Fitness franchise in a particular state.
For a prospective Basecamp Fitness franchisee, this data underscores the importance of conducting thorough due diligence. Understanding why an outlet closed, whether it was due to local market conditions, competition, or other factors, can inform their decision-making process. It would be prudent to speak with current and former franchisees in Minnesota to gain a deeper understanding of the challenges and opportunities in that market. Additionally, potential franchisees should discuss with the franchisor their strategies for supporting franchisees and mitigating the risk of closures.