What was the net change in total Basecamp Fitness outlets during 2023?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 6 | 9 | +3 |
| 2023 | 9 | 16 | +7 | |
| 2024 | 16 | 19 | +3 | |
| Company-Owned | 2022 | 6 | 5 | -1 |
| 2023 | 5 | 5 | 0 | |
| 2024 | 5 | 4 | -1 | |
| Total Outlets | 2022 | 12 | 14 | +2 |
| 2023 | 14 | 21 | +7 | |
| 2024 | 21 | 23 | +2 |
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, the net change in total outlets during 2023 was an increase of 7 locations. The total number of Basecamp Fitness outlets started at 14 at the beginning of 2023 and ended the year at 21. This growth reflects the overall system's expansion, with franchised locations increasing by 7 and company-owned locations remaining the same.
For a prospective franchisee, this indicates a period of growth for the Basecamp Fitness system. Positive net change in outlets can be a sign of a healthy and expanding franchise, which may attract more customers and increase brand recognition. However, franchisees should also consider the specific locations of these new outlets and whether they might impact existing territories.
It's important to note that while the total number of outlets increased, the performance and profitability of individual locations can vary. A potential franchisee should investigate the reasons behind the changes in outlet numbers, such as closures or non-renewals, and assess the overall financial health of the franchise system. This can be done by reviewing the complete Item 20 data in the FDD and speaking with current and former franchisees to gain a comprehensive understanding of the franchise's performance.