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What were the general and administrative expenses for Basecamp Fitness in 2023?

Basecamp_Fitness Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023 2022
General and administrative expenses $ 9,750 $ 597 $ 1,035

Source: Item 23 — RECEIPTS (FDD pages 62–248)

What This Means (2025 FDD)

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the company's general and administrative expenses in 2023 were $9,750. This figure provides insight into the operational costs incurred by Basecamp Fitness Franchisor LLC during that year. These expenses generally include costs associated with managing the business, such as salaries, office supplies, and other overhead costs.

Understanding the general and administrative expenses can be useful for prospective franchisees as it provides a benchmark for assessing the franchisor's financial management and efficiency. Lower general and administrative expenses relative to revenue might suggest efficient management, while higher expenses could indicate areas of concern.

It's important to note that this figure represents expenses at the franchisor level and may not directly translate to the operating costs of an individual franchise unit. Franchisees should consider this information in conjunction with other financial data provided in the FDD, such as revenue, cost of goods sold, and net income, to gain a comprehensive understanding of the franchisor's financial performance.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.