BASECAMP; BASECAMP FITNESS

Item 7 pegs total investment at $513,073-$832,511, covering buildout for 3,000-4,000 sq ft studios, equipment, and initial marketing in a competitive class-based market. The $42,500 franchise fee gets you proprietary training systems, branding, and support from HQ in Woodbury, MN, but ongoing costs bite with 8% royalty, 2% ad fund, and $799 monthly tech fee—that's about 10% total plus fixed tech hitting $9.6K yearly. Item 19 shines here: average gross sales hit $426,115 across units, though median lags at $370,177, suggesting top performers skew the avg; no EBITDA disclosed, so owners fund ops from memberships, retail, and F&B.

System maturity shows promise since 2020 franchising: 19 franchised spots plus 4 corporate, jumping 19% from 16 in 2023, with 3 new units projected. Low drama with just 1 termination and 2 transfers, but that bankruptcy flags past financial stress under parent Purpose Brands. Twelve SBA loans averaging $405,792 signal bank interest for expansion. For fitness buffs eyeing specialized interval training, it's a mid-range bet with revenue visibility, but watch unit-level variance and fees eroding thin margins in a saturated field.