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When purchasing an existing business with iFinance for a Basecamp Fitness franchise, who are you purchasing the existing business from?

Basecamp_Fitness Franchise · 2025 FDD

Answer from 2025 FDD Document

Consultations with outside counsel are conducted by telephone. Please indicate who you prefer to have represented by
outside counsel 5 .
I,, hereby acknowledge that I have personally filled out the iFinance
Agreement, the information therein is accurate to the best of my knowledge, and Guidant is entitled to rely on that information
in fulfilling the IFinance.
PROPOSED INVESTMENT; BUSINESS TRANSACTION
Are you purchasing a franchise?
Will you be purchasing an existing business with iFinance?
If yes, please answer the four following questions:
This acquisition is an:
  1. Who are you purchasing the existing business from:
If other, please specify:
  1. Does this existing business have employees that will remain with the business after you acquire it?
If yes, how many existing employees are expected to remain with the business?
  1. Does this existing business have an existing retirement plan of any type?
If yes, specify the type: If other, please specify:
  • Do you contemplate the iFinance corporation will purchase, lease or otherwise occupy real estate that is owned by you,
a family member or any entity in which you or any family member have any ownership?
If yes, please explain:
  • Do you anticipate the iFinance corporation entering into any type of commercial transaction or dealings with you, a family
member or any entity in which you or any family member have ownership?
If yes, please explain:
  • Identify any and all parties (including other entities) involved with your pending business transaction. Include any familial
relationships among those parties:
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Source: Item 23 — RECEIPTS (FDD pages 62–248)

What This Means (2025 FDD)

According to the 2025 Basecamp Fitness Franchise Disclosure Document, if you are purchasing an existing Basecamp Fitness business with iFinance, you will need to specify from whom you are acquiring the business. The FDD asks prospective franchisees to identify the seller in the iFinance Agreement.

This information is part of a broader set of questions related to the iFinance agreement, which also includes inquiries about existing employees, retirement plans, real estate transactions, and any commercial dealings with family members or related entities. Basecamp Fitness seeks to understand all parties involved in the business transaction, including any familial relationships among them.

Prospective franchisees should be prepared to provide complete and accurate information regarding the seller of the existing Basecamp Fitness business when completing the iFinance Agreement. This transparency helps Basecamp Fitness assess the overall financial and operational picture of the franchise transfer.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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