What is the required spending amount for the Grand Opening Program for my Basecamp Fitness studio?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
have to pay.
- (2) If the payment falls on a banking holiday, the payment will be due on the next business day.
- (3) You must spend $40,000 on a Grand Opening Program we have approved for your Basecamp Studio beginning 12 to 16 weeks before your scheduled opening and ending 30 days following the opening of your Basecamp Studio. If you do not meet this requirement, you must pay us the difference between what you were required to spend and what you actually spent and we can either spend it in your market on your behalf or place the money in the General Advertising and Marketing Fund,
Source: Item 6 — OTHER FEES (FDD pages 17–24)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, franchisees are required to spend $40,000 on a Grand Opening Program. This program must be approved by Basecamp Fitness and is intended to occur between 12 to 16 weeks before the studio's scheduled opening, concluding 30 days after the opening.
If a franchisee fails to meet the $40,000 spending requirement, they must pay Basecamp Fitness the difference between the required amount and what was actually spent. Basecamp Fitness then has the option to use the remaining funds in the franchisee's market or allocate the money to the General Advertising and Marketing Fund.
Basecamp Fitness also reserves the right to manage the Grand Opening Program directly. In this case, the franchisee would pay the $40,000 directly to Basecamp Fitness, who would then be responsible for executing the program. This ensures that the Grand Opening Program meets Basecamp Fitness's standards and is implemented effectively, although it removes some control from the franchisee.