What was the amount of principal payments on long-term debt for Basecamp Fitness in 2022?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 2023 2022 | |
|---|---|---|
| Cash flows from financing activities | ||
| Proceeds from issuance of long-term debt | 524,000 - - | |
| Principal payments on long-term debt | (29,000) - (1,213) | |
| Financing costs related to issuance of long-term debt | (14,892) - - | |
| Cash contributions | - - 1 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the principal payments on long-term debt in 2022 were $1,213,000. This figure is derived from the cash flow statement, which tracks the movement of cash both into and out of the company. These payments represent a reduction in the company's outstanding debt.
For a prospective franchisee, understanding the franchisor's debt obligations is crucial. High debt levels can indicate financial strain, which might affect Basecamp Fitness's ability to support its franchisees or invest in the brand. Conversely, manageable debt and consistent principal payments can suggest financial stability.
It's important to note that these figures are presented in thousands of U.S. dollars, as indicated in the FDD. Therefore, the stated amount of (1,213) represents $1,213,000. Reviewing these figures in the context of Basecamp Fitness's overall financial health, as detailed in the complete financial statements, is advisable for any potential franchisee.