What was the comprehensive income for Basecamp Fitness in 2023?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
-----------------------------------------------------------------|--------------------------------------------------| | Contributions | 786 | | Net loss | (786) | | Balance at December 31, 2022 | 5,000,021 | | Contributions | 430 | | Net loss | (451) | | Balance at December 31, 2023 | 5,000,000 | | Contributions | $ 9,750 | | Distributions | (196,144) | | Net income | 186,394 | | Balance at December 31, 2024 | 5,000,000 |
SEB Franchising Guarantor LLC Statements of Cash Flows Years Ended December 31, 2024, 2023 and 2022
| (in thousands of US dollars) | 2024 | 2023 2022 | |
|---|---|---|---|
| Revenues | |||
| Franchise royalties | $ 145,245 $ 61,387 | $ 58,105 | |
| Franchise fees | 20,063 | 14,390 11,096 | |
| Sales | 78,248 | 41,857 42,586 | |
| Advertising fund revenue | 16,379 | 17,607 17,531 | |
| Vendor rebates | 55,950 | 47,825 42,115 | |
| Other revenues | 1,124 | 1,016 700 | |
| Total revenues | 317,009 | 184,082 172,133 | |
| Cost of goods sold | 43,354 | 18,835 18,554 | |
| Gross profit | 273,655 | 165,247 153,579 | |
| General and administrative expenses | 89,493 | 64,416 48,492 | |
| Advertising fund expense | 16,638 | 18,948 16,682 | |
| Total general, administrative, and advertising fund expense | 106,131 | 83,364 65,174 | |
| Income from operations | 167,524 | 81,883 88,405 | |
| Other (expense) income | |||
| Interest expense | (53,325) | (26,1 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the consolidated statements of comprehensive income for the year ending December 31, 2023, show a comprehensive income of $54,304,000. This figure reflects the overall financial performance of Anytime Fitness, LLC and its subsidiaries, including Basecamp Fitness. The comprehensive income includes net income adjusted for items such as foreign currency translation adjustments.
For a prospective Basecamp Fitness franchisee, this indicates the financial health and profitability of the overall Anytime Fitness enterprise, which includes Basecamp Fitness. While this is not solely Basecamp Fitness's individual performance, it provides insight into the financial stability of the parent company and its ability to support its franchise brands. Understanding the comprehensive income helps potential franchisees assess the financial backing and resources available to the franchise system.
It is important to note that the comprehensive income represents the financial performance of the entire consolidated group, not just Basecamp Fitness. Franchisees should also consider other financial metrics and factors specific to Basecamp Fitness, such as franchise royalties, fees, and operating expenses, to gain a more detailed understanding of the brand's financial performance. Reviewing the complete financial statements and consulting with a financial advisor is recommended for a thorough assessment.