What is the 'Relevant Time Period' used for the Basecamp Fitness financial performance representation?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
As of February 28, 2025 there were 16 franchised and 4 affiliate-owned Basecamp Studios in the Basecamp Fitness System that were open and operating for the entire 12 month period ended February 28, 2025 (the "Relevant Time Period"). We excluded 3 franchised Basecamp Studios from the data set that opened on or after March 1, 2024 and therefore did not operate for the entire Relevant Time Period. We excluded 1 affiliate-owned Basecamp Studio from the data set as it permanently closed during the Relevant Time Period. This Studio had been open for more than 12 months before closing.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 56–58)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the 'Relevant Time Period' used for the financial performance representation is defined as the 12-month period ending on February 28, 2025. This period is used to calculate the average annual gross revenue for both franchised and affiliate-owned Basecamp Fitness studios.
The FDD specifies that the financial performance data includes 16 franchised and 4 affiliate-owned Basecamp Fitness studios that were open and operating for the entire 'Relevant Time Period'. Some studios were excluded from the data set if they opened on or after March 1, 2024, or if they permanently closed during the 'Relevant Time Period', ensuring that only studios with a full year of operation are included in the financial performance calculations.
This standardized time frame allows prospective franchisees to evaluate the potential revenue performance of a Basecamp Fitness studio based on a consistent and comparable period. It is important to note that the financial performance representation only includes gross revenue and does not account for operating expenses, cost of sales, or other costs. Therefore, potential franchisees should conduct their own independent investigation to determine potential net income or profit.