What is the maximum amount that a Basecamp Fitness franchisee might expect to pay for leasehold improvements?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| YOUR ESTIMATED INITIAL INVESTMENT | |||||
|---|---|---|---|---|---|
| Single Basecamp Studio Franchise | |||||
| Type of Expenditure | Low Amount | High Amount | Method of | When Due | To Whom |
| (Note 1) | Payment | Payment is to be Made | |||
| Initial Franchise Fee (Note 2) | $42,500 | $42,500 | Lump sum | Upon signing the Franchise Agreement | Us |
| Travel & Training Expenses (Note 3) | $9,150 | $9,825 | As incurred | As incurred during training | Us, Airlines, hotels, restaurants |
| Leasehold Improvements (Note 4) | $134,800 | $335,000 | Varied times | Before Opening | Landlord and building contractor |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–28)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the estimated initial investment for leasehold improvements ranges from $134,800 to $335,000. These costs are expected to be paid before opening to the landlord and building contractor. The document notes that the amount of leasehold improvements will vary based on existing conditions, size, and design, including the availability and prices of labor and materials. Basecamp Fitness recommends that franchisees carefully investigate all of these costs in the area where they wish to establish their Basecamp Studio.
It is important to note that the range of tenant improvement assistance received by Basecamp Fitness franchisees in 2024 was $10 to $70 per square foot, with an average tenant improvement assistance of $40 per square foot. However, there is no assurance that a landlord will provide any tenant improvement assistance. The low and high ranges in the table are based on a Basecamp Studio with 2,400 square feet (low) and 3,400 square feet (high) respectively.
Prospective franchisees should consider that these figures are estimates based on past performance and can vary significantly. Factors such as location, the scope of work required, and negotiation with the landlord can all impact the final cost. It would be prudent for potential franchisees to conduct thorough due diligence, obtain multiple quotes from contractors, and negotiate favorable lease terms to manage these expenses effectively.