What pre-opening obligations must be fulfilled before I can open my Basecamp Fitness studio?
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.
We estimate that the typical length of time between the signing of the Franchise Agreement and the opening of your Basecamp Studio will be approximately 12 months. Some factors which may affect this timing are the competition for sites in your market, your ability to acquire space for your studio through lease or purchase negotiations, your ability to secure any necessary financing, your ability to comply with local zoning and other ordinances, your ability to obtain any necessary permits and certifications, the timing of the delivery of equipment, tools and inventory and the time to convert, renovate or build the facility. Unless
we otherwise approve, you must open your Basecamp Studio on or before the Required Opening Date on the Rider to the Franchise Agreement, but in no event more than 12 months from the date the Franchise Agreement becomes effective. Your failure to open your Basecamp Studio on or before the Required Opening Date will constitute a default of your Franchise Agreement and allow us to terminate your Franchise Agreement and retain all amounts you have paid to us and our affiliates.
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, there are several obligations a franchisee must fulfill before opening their studio. Basecamp Fitness must provide written notification that all pre-opening obligations have been met. The franchisee, along with their personnel, must complete the Initial Training Program and any other required training programs to Basecamp Fitness's satisfaction. All outstanding payments due to Basecamp Fitness must be paid.
Before opening, the franchisee must furnish copies of all required insurance policies and certificates, or other requested documentation of insurance coverage and premium payments. The franchisee must also notify Basecamp Fitness that all approvals and conditions outlined in the Franchise Agreement have been satisfied. All necessary permits and licenses must be obtained, and the franchisee must meet or exceed the minimum number of pre-sold memberships, up to a maximum of 150, as determined by Basecamp Fitness based on market density and other factors.
Finally, the franchisee must order, receive, and install all required equipment, supplies, inventory, and computer systems. Once these obligations are met, the franchisee must be prepared to begin operating the Basecamp Fitness studio immediately after Basecamp Fitness confirms the studio is ready for opening. Failure to open the Basecamp Fitness studio by the Required Opening Date, as specified in the Rider to the Franchise Agreement (but no more than 12 months from the agreement's effective date), constitutes a default and may result in termination of the Franchise Agreement and forfeiture of all payments made to Basecamp Fitness.