Does Basecamp Fitness have the right of first refusal to acquire my business?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
ain important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this Franchise Disclosure Document.**
| Section in | ||
|---|---|---|
| Franchise or Other | ||
| Provision | Agreements | Summary |
| n. Our right of first refusal | Section 19 – Franchise | We have the right to match any offer for your business. |
| to acquire your business | Agreement | |
| o. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 51–55)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, Basecamp Fitness does have the right of first refusal to acquire your business. Specifically, Basecamp Fitness has the right to match any offer you receive for your Basecamp Fitness business, as detailed in Section 19 of the Franchise Agreement.
This right of first refusal means that if you receive an offer from a third party to purchase your Basecamp Fitness franchise, you must first present that offer to Basecamp Fitness. Basecamp Fitness then has the option to match the terms of the offer and purchase the franchise themselves. This clause gives Basecamp Fitness control over who becomes a new franchisee within their system.
Additionally, Basecamp Fitness also has the option to purchase the assets of your Basecamp Studio at book value and assume your leases if your Franchise Agreement terminates or expires without renewal. This is outlined in Section 16 of the Franchise Agreement. Therefore, selling your franchise to a third party might be affected by Basecamp Fitness's right of first refusal.