What is the monthly interest rate charged on unpaid invoices for a Basecamp Fitness franchise?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the maximum interest rate to be charged in California is 10%. The document does not specify whether this is a monthly or annual rate. As the FDD includes a state-specific addendum for Hawaii, the interest rate may vary based on the franchisee's location.

For a prospective Basecamp Fitness franchisee, this means that if you are operating in California, the maximum interest rate that can be charged on unpaid invoices is 10%. However, the FDD does not specify the time period (monthly or annually) for this rate. It is important to clarify with Basecamp Fitness whether this is a monthly or annual rate to understand the full financial implications of late payments.

It is also important to note that the enforceability of certain provisions, such as those related to the application of laws and forum, may vary based on state laws. Franchisees are encouraged to seek legal counsel to understand the specific implications of the franchise agreement in their state. Given the lack of clarity on the interest rate's time period, prospective franchisees should ask Basecamp Fitness for clarification to avoid potential misunderstandings or disputes in the future.