What representation are prospective Basecamp Fitness franchisees making by signing the iFinance Questionnaire?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
nt Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Woodbury, Minnesota, on the 28th day of March 2025.
GUARANTOR:
SEB FRANCHISING GUARANTOR LLC
James Goniea Its: Secretary
EXHIBIT K FRANCHISEE QUESTIONNAIRE
FRANCHISEE QUESTIONNAIRE – EXISTING FRANCHISEES
If you are a resident of the State of California or your franchise is located in California you are not required to sign this Questionnaire. If any California franchisee completes this Questionnaire, it is against California public policy and will be void and unenforceable, and we will destroy, disregard, and will not rely on such Questionnaire.
Do not sign this Questionnaire if you are a resident of Hawaii, Maryland, or Washington or if the franchise is to be operated in Hawaii, Maryland, or Washington. If signed or otherwise completed, this Questionnaire will not apply to any Hawaii, Maryland, or Washington franchisee.
As you know, Basecamp Fitness Franchisor LLC (the "Franchisor") and you are preparing to enter into a Franchise Agreement and/or Area Development Agreement for the operation of a franchised Basecamp® Fitness business (the "Franchise"). Please review each of the following questions carefully and provide honest responses to each question.
| QUESTION | YES | NO |
|---|---|---|
| 1. Have you received and personally reviewed the Franchise Disclosure Document | ||
| provided to you? | ||
| 2. Did you sign a receipt (Item 23) for the Franchise Disclosure Document indicating | ||
| the date you received it? | ||
| 3. Have you received and personally reviewed the Franchise Agreement and/or Area | ||
| Development Agreement and each exhibit or schedule attached to it? | ||
| 4. Are you legally eligible to work or own a business in the United States and/or | ||
| Canada, including the state or province in which the Franchise will be located? | ||
| 5. Has any employee or other person speaking on behalf of the Franchisor made any | ||
| statement or representation regarding the actual, average or projected | ||
| memberships, revenues, or profits that you, Franchisor, or any of our franchisees | ||
| have achieved in operating the Franchise, other than what is contained in the | ||
| Franchise DisclosureDocument? | ||
| 6. Has any employee or other person speaking on behalf of the Franchisor made any | ||
| promise or agreement, other than those matters addressed in your Franchise | ||
| Agreement, concerning advertising, marketing, media support, market | ||
| penetration, training, support service or assistance or any other material subject | ||
| relating to the Franchise that is contrary to, or different from, the information | ||
| contained inthe Franchise Disclosure Document? | ||
| 7. |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to the 2025 Basecamp Fitness Franchise Disclosure Document, by signing the Franchisee Questionnaire, prospective franchisees are attesting to several important points regarding their understanding of the franchise agreement and their eligibility to operate a Basecamp Fitness franchise. This questionnaire is not required for residents of California or for franchises located in California, and if completed by a California franchisee, it is considered void and unenforceable due to California public policy. Similarly, the questionnaire does not apply to franchisees in Hawaii, Maryland, or Washington.
Specifically, the questionnaire asks potential Basecamp Fitness franchisees to confirm that they have received and personally reviewed the Franchise Disclosure Document (FDD), signed a receipt for the FDD, and reviewed the Franchise Agreement and/or Area Development Agreement along with all associated exhibits. They also confirm their legal eligibility to work or own a business in the United States and/or Canada, including the specific state or province where the franchise will be located.
Furthermore, the questionnaire requires the prospective franchisee to confirm that they have not received any statements or representations regarding potential revenues, profits, or other financial projections that are not included in the FDD. They also confirm that no promises or agreements have been made that contradict the information provided in the FDD regarding advertising, marketing, training, or other support services. Finally, they must disclose any existing contingencies or reservations that might affect their ability to fulfill their obligations under the Franchise Agreement, excluding financing for equipment or studio build-out.
In addition to the above confirmations, the questionnaire also requires existing franchisees to confirm their eligibility to attend training, disclose any other business ventures that may conflict with the non-compete obligations outlined in the franchise agreement, and disclose any changes to information previously provided to Basecamp Fitness. They must also disclose any history of fraudulent conduct or pending charges. By signing this questionnaire, prospective Basecamp Fitness franchisees are affirming the accuracy of their responses and their understanding of the key aspects of the franchise agreement and their obligations as a franchisee.