Bottom line
- Total investment $513K – $833K including a $43K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $531K/year (median $424K).
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 28 loans (below the industry average).
- System growing at 11110% CAGR over 3 years with 23 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Basecamp Fitness unit return on the cash you put in?
Unlevered ROIC · per unit
20%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Basecamp Fitness units return on equity?
Equity IRR · 5-yr
43.7%
6.12× MOIC
Year-1 DSCR
2.01×
EBITDA ÷ debt service
Equity required
$2.8M
on $11.2M purchase
Total debt
$8.3M
SBA $5.0M + senior + seller note
Overview
About
Basecamp Fitness franchisees operate boutique fitness facilities offering specialized group classes and personal training in protected territories. Daily operations include managing class schedules, instructor staffing, member retention, facility maintenance, and revenue management across membership and drop-in models.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Basecamp Fitness presents caution-level risk due to affiliate litigation exposure, undisclosed profitability metrics, modest unit growth, and high capital requirements relative to disclosed revenue.
Score breakdown · what drove the 51 / 100 rating
- 01HIGHLitigation involving affiliate (The Bar Method) for unregistered franchise sales in Illinois and New York raises regulatory compliance concerns and potential parent company culpability
- 02MEDNet income not disclosed in FDD despite $531,192 average revenue — inability to assess actual profitability or sustainability of unit economics
- 03MEDModest unit growth of 18.8% YoY with only 23 total units suggests limited brand traction and potential saturation risk in small franchisee pool
- 04MINORHigh initial investment range ($513K–$832K) with 8% royalty creates significant breakeven burden if average revenue doesn't scale consistently
- 05MINOR6-year term is shorter than industry standard (10 years), increasing renewal uncertainty and reducing franchisee long-term security
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
31 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Basecamp Fitness · FDD (2025) PDF