For what purpose are the financial statements of Anytime Fitness, LLC provided in the Basecamp Fitness FDD?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the audited financial statements of Anytime Fitness, LLC are included for disclosure purposes only. The FDD states that Anytime Fitness, LLC will provide required support and services to Basecamp Fitness franchisees under a management agreement. The financial statements provided cover the fiscal years ended December 31, 2022, December 31, 2023 and December 31, 2024.

It is important to note that Anytime Fitness, LLC is not a party to the Franchise Agreement, Development Agreement, or any other agreement that Basecamp Fitness signs with its franchisees. Additionally, Anytime Fitness, LLC does not guarantee Basecamp Fitness's obligations under these agreements. This distinction is crucial for prospective franchisees to understand the limited liability and obligations of Anytime Fitness, LLC in relation to the Basecamp Fitness franchise.

This arrangement is not uncommon in franchising, where a parent company or affiliate provides support services to a franchise system. However, franchisees should carefully review the agreements to understand the roles and responsibilities of each entity involved. While Anytime Fitness, LLC provides support, its financial statements are for informational purposes, and it assumes no direct contractual obligations to Basecamp Fitness franchisees.

Prospective Basecamp Fitness franchisees should consider this information when evaluating the financial stability and support structure of the franchise. Understanding the relationship between Basecamp Fitness and Anytime Fitness, LLC, as well as the limitations outlined in the FDD, is essential for making an informed investment decision.