What is the term length of the new franchise agreement for the transferee of a Basecamp Fitness franchise?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
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- the proposed transferee enters into a new franchise agreement with us, on the terms we then generally offer to new franchisees (including fees payable and size of territory); provided, however, that no new initial franchise fee will be required to be paid, and further provided that the term of that franchise agreement, unless otherwise agreed, will be the remaining term of your franchise agreement;
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to the 2025 Basecamp Fitness Franchise Disclosure Document, the term length of the new franchise agreement for a transferee will be the remaining term of the original franchise agreement, unless otherwise agreed upon.
This means that if a franchisee sells their Basecamp Fitness franchise with three years remaining on their initial six-year term, the new franchisee's agreement will only last for those remaining three years. This is a crucial point for both the seller and the buyer to understand, as it directly impacts the value and future prospects of the franchise. The transferee will need to consider this shorter term when evaluating the investment and planning for the business.
It is important to note the phrase "unless otherwise agreed" which suggests that Basecamp Fitness may be open to negotiating a longer term with the transferee in some cases. A prospective franchisee should discuss the possibility of negotiating a new full-length term with Basecamp Fitness to secure their investment and business operations for a longer period.