What was the range of tenant improvement assistance received by Basecamp Fitness franchisees in 2024?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
tudio is 2,500 square feet, however we have four recommended configurations ranging from 2,000 to 3,500 square feet. Leasehold improvements are based on the experience of our franchisees who built studios in 2023 and 2024. The range of tenant improvement assistance received by our franchisees in 2024 was $10 to $70 per square foot, with an average tenant improvement assistance of $40 per square foot. There is no assurance that your landlord will provide you with any tenant improvement assistance.
- The amount of your leasehold improvements will vary based on existing conditions, size, design, including the availability and prices of labor and materia
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–28)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, franchisees who built studios in 2024 received tenant improvement assistance ranging from $10 to $70 per square foot. The average tenant improvement assistance was $40 per square foot. Tenant improvement assistance from the landlord can significantly offset the costs of preparing the physical location for a Basecamp Fitness studio.
However, the FDD also states that there is no assurance that a landlord will provide any tenant improvement assistance. This means that prospective franchisees should not assume they will receive this assistance when budgeting for their initial investment. The amount of leasehold improvements will vary based on existing conditions, size, and design, including the availability and prices of labor and materials.
Given the variability and uncertainty of tenant improvement assistance, it is crucial for potential Basecamp Fitness franchisees to carefully investigate all costs associated with leasehold improvements in their desired location. Understanding local market conditions and negotiating effectively with landlords will be essential to managing these expenses. The initial investment table shows that leasehold improvements can range from $134,800 to $335,000, so any tenant improvement assistance would be helpful.