What was the amount of proceeds from the issuance of long-term debt for Basecamp Fitness in 2024?
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 - - |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the proceeds from the issuance of long-term debt in 2024 amounted to $524,000 (in thousands of US dollars). This figure reflects the cash inflow that Basecamp Fitness received from debt financing activities during that year.
Specifically, the proceeds came from the issuance of long-term debt. This indicates that Basecamp Fitness utilized debt financing as a significant means of funding its operations and investments during 2024. This could be for various purposes, such as expanding its corporate operations, supporting franchisees, or investing in new technologies.
It's important to note that while this figure represents the gross proceeds from debt issuance, it does not reflect any associated costs, such as financing costs or principal payments on existing debt. These costs are accounted for separately in the financial statements. A prospective franchisee should consider the overall debt structure and related expenses when evaluating the financial health and stability of Basecamp Fitness.