What is the maximum number of pre-sold memberships (founding members) that Basecamp Fitness can require before opening?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
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. You must be prepared to begin operating your Basecamp Studio immediately after we state that your Basecamp Studio is ready for opening.
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, a franchisee may not open their Basecamp Studio until they meet or exceed the minimum number of qualifying presold memberships, also known as founding members. The specific number is determined by Basecamp Fitness based on factors such as market density. However, the maximum number of pre-sold memberships that Basecamp Fitness can require is 150.
This pre-sale requirement is a critical step for new Basecamp Fitness franchisees. It ensures that there is a base level of committed members before the studio even opens its doors. This provides initial revenue and helps to create a buzz around the new location. Meeting this requirement is mandatory unless Basecamp Fitness provides written notification that all pre-opening obligations have been fulfilled.
Prospective franchisees should carefully consider their ability to meet this pre-sale target. They should evaluate the market and develop a comprehensive pre-opening sales and marketing plan. Failure to meet the pre-sale requirement could delay the studio opening, impacting the franchisee's financial projections and potentially leading to a default of the Franchise Agreement.