What was the amount of right-of-use assets acquired under operating leases for Basecamp Fitness in 2023?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the right-of-use assets acquired under operating leases in 2023 was $1,569,000. This figure reflects the value of assets the company leased for its operations during that year. These assets are 'right-of-use' because Basecamp Fitness has the right to use them for the lease term, even though they don't own them outright. The amount is presented in thousands of U.S. dollars.

For a prospective franchisee, understanding right-of-use assets is crucial because it indicates the scale of Basecamp Fitness's leasing activities. It is important to note that these assets are related to operating leases, which are different from finance leases. Operating leases are typically for shorter terms and do not transfer ownership of the asset to the lessee by the end of the lease term.

This information is part of the supplemental disclosures of cash flow information, providing additional insights into the company's financial activities beyond the standard cash flow statement. Reviewing these figures helps potential franchisees understand how Basecamp Fitness manages its resources and obligations related to leased assets. It is also important to compare these figures with previous years to identify any trends or changes in the company's leasing strategy.