What was the interest expense for Basecamp Fitness in 2024?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the cash paid for interest in 2024 was $52,480 (in thousands of US dollars). This figure represents the actual cash outflow for interest expenses during that year. A prospective franchisee can use this information to understand the historical financial obligations of Basecamp Fitness related to its debt and financing activities. This provides insight into the company's financial management and its ability to handle debt.

It's important to note that this cash paid for interest may not represent the total interest expense for the year, as it does not include non-cash amortization of debt issuance costs. The FDD also mentions amortization of debt issuance costs included in interest expense, which amounted to $3,970 in 2024. This amortization is a non-cash expense, meaning it reduces net income without an actual outflow of cash.

Therefore, to get a more complete picture of Basecamp Fitness's interest-related expenses, a franchisee should consider both the cash paid for interest and the amortization of debt issuance costs. In 2024, the cash paid for interest was $52,480, and the amortization of debt issuance costs was $3,970. This combined figure provides a more comprehensive view of the financial impact of interest on Basecamp Fitness's operations. Reviewing these figures over the three years presented (2022-2024) can reveal trends in Basecamp Fitness's borrowing and debt management strategies.