Why were some Basecamp Fitness studios excluded from the financial performance data?
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, certain studios were excluded from the financial performance data for specific reasons. The financial performance data includes information from 16 franchised and 4 affiliate-owned Basecamp Fitness studios that were open and operating for the entire 12-month period ending February 28, 2025, which is defined as the "Relevant Time Period."
Three franchised Basecamp Fitness studios were excluded because they opened on or after March 1, 2024, meaning they did not operate for the entire "Relevant Time Period." Additionally, one affiliate-owned Basecamp Fitness studio was excluded from the data set because it permanently closed during the "Relevant Time Period," even though it had been open for more than 12 months before closing.
This exclusion is important for prospective franchisees to understand because the financial performance data is intended to represent a full year of operations. Including studios that were not open for the entire year or that closed during the year could skew the data and provide an inaccurate representation of potential financial performance. By excluding these studios, Basecamp Fitness aims to provide a more reliable and representative financial picture for potential franchisees.