What was the total revenue from franchise fees for Basecamp Fitness in 2024?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 | 2023 2022 | |
|---|---|---|---|
| Revenues | |||
| Franchise fees | 20,063 | 14,390 11,096 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the company's revenue from franchise fees in 2024 was $20,063,000. This figure represents the total initial franchise fees, area development agreement fees, master franchise fees, area representative fees, and transfer and renewal fees that Basecamp Fitness collected from franchisees. These fees are a primary source of revenue for the company, alongside royalties and other sources.
For a prospective Basecamp Fitness franchisee, this number indicates the scale of the franchise system and its revenue streams. It demonstrates how much revenue the company generates specifically from granting franchise licenses. The FDD clarifies that these franchise fees are recognized as revenue over the term of the franchise agreement, typically on a straight-line basis, after pre-opening obligations are met.
Understanding the components of franchise revenue, such as initial fees versus ongoing royalties, is crucial for potential franchisees. It provides insight into the franchisor's financial stability and its reliance on different revenue sources. Reviewing these figures over several years, as presented in the table, can also reveal trends in the company's growth and franchise sales performance.