How many Basecamp Fitness outlets were open in Minnesota at the start of 2024?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year | Outlets at Start of the Year | Outlets | |||||
|---|---|---|---|---|---|---|---|
| Outlets | Reacquired From | Outlets | Outlets Sold to | Outlets at End of | |||
| State1 | Opened | 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 |
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, there were two Basecamp Fitness outlets open in Minnesota at the start of 2024. This information is based on the table summarizing outlet data by state. The table provides a year-by-year breakdown of outlet activity, including the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold, and the number of outlets at the end of the year.
For a prospective franchisee, this historical data is useful for understanding the growth and changes in the Basecamp Fitness system within specific states. It can help in assessing the brand's performance and stability in a particular market. The data also shows that in 2024, one Basecamp Fitness location in Minnesota was closed, leaving one outlet at the end of the year.
Reviewing this information in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations) and Item 21 (Financial Statements), can provide a more comprehensive understanding of the franchise's potential. Additionally, speaking with current and former franchisees in Minnesota could offer valuable insights into the local market conditions and the challenges and opportunities of operating a Basecamp Fitness franchise in that state.