What is the prospective franchisee required to indicate on the Basecamp Fitness Disclosure Document receipt?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, a prospective franchisee must indicate the date on which they received the Disclosure Document. They are then required to sign and print their name, indicate the date they sign the receipt, and promptly return one completed copy of the receipt to Basecamp Fitness Franchisor LLC at 111 Weir Drive, Woodbury, Minnesota 55125. The franchisee should keep the second copy of the receipt for their records.

This receipt serves as an acknowledgment that the prospective franchisee has received the FDD, which is a critical step in the franchise sales process. Franchisors must provide this document to potential franchisees at least 14 calendar days before any binding agreement is signed or any payment is made. This waiting period allows the franchisee to thoroughly review the document and seek professional advice.

Certain states, such as New York and Michigan, have specific requirements regarding the timing of the FDD delivery. New York requires the document to be given at the earlier of the first personal meeting or 10 business days before the execution of the franchise agreement or payment of any consideration. Michigan requires at least 10 business days before the execution of any binding agreement or payment. These state-specific regulations highlight the importance of adhering to the mandated waiting periods to ensure compliance with franchise laws.

If Basecamp Fitness does not deliver the Disclosure Document on time, or if it contains false or misleading statements, or a material omission, a violation of federal and state law may have occurred. In such cases, the violation should be reported to the Federal Trade Commission in Washington, DC, and the appropriate state agency, as identified on Exhibit A of the FDD.