Verified — real FDD extraction
SBA-eligible · directory code S5945 since 2020
BASECAMP; BASECAMP FITNESS
Fitness · independent · est. —
Basecamp Fitness is a boutique gym offering high-intensity interval training (HIIT) classes that mix bike sprints and strength circuits in a fast, music-driven group format. Classes are short and intense. A franchisee operates a studio, hiring instructors and running scheduled group classes.
BASECAMP; BASECAMP FITNESS net unit count grew +91.7% from 2021–2024 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Too new to judge
Distress
19 franchised units over 4 disclosed years is not a track record — systems this early have realized only a fraction of their eventual failures. Judge the disclosures, not a verdict.
Exit rate · latest year
6.3%
vs 3.8% across 34 fitness systems
Cost to open
$536K–$853K
Item 7 total investment range
SBA loan defaults
Too few resolved
15 loans exist; too few resolved to rate
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2021–2024
Survival record
FDD Item 20 · outlet status by year
In fiscal 2024, 1 of 16 franchised outlets left the system — a 6.3% annualized exit rate, vs 3.8% across 34 fitness systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Outlets at start | 8 | 12 | 14 | 21 |
| Opened | 4 | 4 | 7 | 4 |
| Transfers | 0 | 0 | 1 | 2 |
| Terminations | 0 | 1 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 |
| Outlets at end | 12 | 14 | 21 | 23 |
| Net change | +4 | +2 | +7 | +2 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 15 SBA-backed loans to BASECAMP; BASECAMP FITNESS franchisees since 2021. Most are still open, so there is not yet a resolved cohort large enough to rate.
—
3 resolved · too thin to rate
—
avg. charged-off $ ÷ approved $
—
default rate × loss severity
$378,073
what recent franchisees borrowed
39 mo
approval → charge-off, defaulted loans
—
distinct banks lending
Charge-off rate by loan approval year (%)
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO BASECAMP; BASECAMP FITNESS BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a $43K franchise fee (Item 5) and a total investment of $536K–$853K (Item 7). The franchisor publishes no earnings claim (Item 19) — ask current and former franchisees for real numbers.
To open (Item 7)
$536K–$853K
all-in investment range
Franchise fee (Item 5)
$43K
upfront, one-time
Royalty (Item 6)
8%
of sales, ongoing
Your figure — this brand discloses no Item 19 earnings; validate with current & former owners.
Royalty you'd pay / yr
$80K
8% of sales, before profit
Over a 10-yr term
$800K
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for BASECAMP; BASECAMP FITNESS with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
The public record puts this brand toward the middle of the systems we score — but the evidence is thin, so treat it as a range, not a number.
Risk percentile (range)
49–73 / 100
Directional
Modeled SBA charge-off
14.2%
Observed SBA charge-off
no resolved cohort
Top drivers: System size (log units) (raises) · Net unit growth (lowers) · Investment ceiling (log) (lowers) · Royalty rate (lowers). Thin loan history — treat this as a range, not a number. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
No recent closures, bankruptcies, or major lawsuits found in the news for BASECAMP; BASECAMP FITNESS. That's a good sign — but it reflects news coverage, not a guarantee.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing BASECAMP; BASECAMP FITNESS's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →BASECAMP; BASECAMP FITNESS franchise questions, answered from the filings
What percentage of BASECAMP; BASECAMP FITNESS franchises closed last year?
In BASECAMP; BASECAMP FITNESS's latest FDD Item 20 (fiscal 2024), 1 of 16 franchised outlets left the system — an annualized exit rate of 6.3% — compared with 3.8% across 34 fitness systems tracked here. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a BASECAMP; BASECAMP FITNESS franchise cost?
Per BASECAMP; BASECAMP FITNESS's 2024 FDD, buying in requires an initial franchise fee of $43K (Item 5) and a total initial investment of $536K–$853K (Item 7).
What royalty does BASECAMP; BASECAMP FITNESS charge?
BASECAMP; BASECAMP FITNESS charges an ongoing royalty of 8.0% of gross sales, per Item 6 of its 2024 FDD.
Does BASECAMP; BASECAMP FITNESS disclose earnings (Item 19)?
No — BASECAMP; BASECAMP FITNESS's 2024 FDD makes no financial performance representation in Item 19. That is legal and common, but it means the franchisor publishes no earnings claim; ask current franchisees for real numbers.