Under what condition is the Renewal Fee payable to Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount (Note 1) | Due Date | Remarks |
|---|---|---|---|
| Renewal Fee | $5,000 | At least 15 days before the term of your Franchise Agreement expires. | You only pay this fee if you want to renew your franchise. |
Source: Item 6 — OTHER FEES (FDD pages 17–24)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the Renewal Fee of $5,000 is payable if a franchisee wants to renew their franchise agreement. This fee must be paid at least 15 days before the current term of the Franchise Agreement expires.
This means that if a franchisee wishes to continue operating their Basecamp Fitness studio beyond the initial term outlined in their agreement, they must formally renew their franchise and remit the $5,000 renewal fee. Failing to pay this fee by the specified deadline would likely result in the termination of the franchise agreement at the end of its term.
Renewal fees are a common practice in franchising, intended to compensate the franchisor for the continued use of their brand, systems, and support. Franchisees should consider the cost of this fee when evaluating the overall profitability and long-term viability of their Basecamp Fitness franchise.