What is the timeframe for the Grand Opening Program spending requirement for a 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 invest $40,000 in a Grand Opening Program. This program must be approved by Basecamp Fitness.
The Grand Opening Program has a specific timeframe. It begins 12 to 16 weeks before the scheduled opening of the Basecamp Fitness studio and concludes 30 days following the studio's opening. This means franchisees need to start planning and allocating funds well in advance of their launch date to meet Basecamp Fitness's requirements.
If a franchisee fails to spend the full $40,000 on the approved Grand Opening Program within the specified timeframe, they must remit the difference to Basecamp Fitness. Basecamp Fitness then has the discretion to either spend the remaining funds in the franchisee's market on their behalf or allocate the money to the General Advertising and Marketing Fund. Basecamp Fitness also has the option to take the $40,000 from the franchisee and execute the Grand Opening Program themselves.