What requirements must a Basecamp Fitness franchisee comply with regarding the Development Schedule?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, a franchisee must adhere to the Development Schedule. This schedule outlines specific requirements related to the dates for executing Franchise Agreements and submitting site approval requests. It also specifies the opening dates for each Basecamp Studio and the required cumulative number of studios that must be open and continuously operating within the designated Development Territory.

Complying with the Development Schedule is critical for Basecamp Fitness franchisees because it directly impacts their development rights and obligations. Failing to meet the milestones set forth in the schedule could potentially lead to a breach of the Development Agreement, resulting in penalties or even termination of the agreement.

Prospective Basecamp Fitness franchisees should carefully review the Development Schedule outlined in their agreement to fully understand their obligations. They should also ensure they have the resources and capabilities to meet the specified timelines for site selection, construction, and opening of their studios. It is important to note that the franchisor may modify the Franchise Agreement from time to time, potentially impacting the franchisee's obligations.