What was the change in prepaid expenses and other assets for Basecamp Fitness in 2024 (in thousands of US dollars)?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 2023 2022 | |
|---|---|---|
| Changes in assets and liabilities | ||
| Prepaid expenses and other assets | (6,035) 1,984 (2,196) |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the change in prepaid expenses and other assets experienced a decrease of $6,035 thousand in 2024, compared to an increase of $1,984 thousand in 2023.
This represents a significant shift in this area of Basecamp Fitness's finances. Prepaid expenses are costs paid in advance for goods or services to be received in the future, while other assets can include a variety of items not easily classified elsewhere.
For a prospective franchisee, this data point highlights the importance of understanding the factors that can influence these fluctuations. It would be prudent to inquire with Basecamp Fitness about the specific reasons for this change and whether similar trends are expected in the future. Understanding these factors can help a franchisee better plan their own financial strategy and manage their cash flow effectively.