What is the maximum number of qualifying presold memberships that Basecamp Fitness can set for me?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
C. Opening. You may not initially open your Basecamp Studio for business until: (1) we notify you in writing that all of your pre-opening obligations have been fulfilled and we have approved your opening date; (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 and our affiliates have been paid; (4) we have been furnished with copies of all insurance policies and certificates required by this Agreement, or other documentation of insurance coverage and payment of premiums that we request; (5) you notify us that all approvals and conditions in this 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 all equipment, supplies, inventory and computer systems that we require.
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, a franchisee must meet or exceed a minimum number of qualifying presold memberships, also known as founding members, before opening their studio for business. The specific number is determined by Basecamp Fitness based on factors such as market density. However, the maximum number of presold memberships that Basecamp Fitness can require is 150.
This requirement ensures that new Basecamp Fitness locations have a base of committed members from the outset, contributing to initial revenue and business stability. Meeting this presale target is a condition for opening the studio.
Prospective franchisees should discuss with Basecamp Fitness the specific number of presold memberships required for their location, understanding the factors that influence this target and the strategies for achieving it. This will help in planning and budgeting for the pre-opening phase.