What was the loss on sale of property and equipment 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 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $ 113,091 $ 54,308 $ 60,705 | |
| Adjustments to reconcile net income to net cash flows | ||
| from operating activities | ||
| Depreciation and amortization | 13,831 6,125 2,705 | |
| Amortization of debt issuance costs, included in interest expense | 3,970 1,740 1,740 | |
| Loss on sale of property and equipment | - 112 2 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the loss on the sale of property and equipment in 2024 was zero. The provided table in Item 23 shows the cash flows from operating activities, including a line item for 'Loss on sale of property and equipment'. The value listed for 2024 is a dash, indicating no loss was recorded for that year. The amounts are expressed in thousands of US dollars.
This means that Basecamp Fitness did not experience any losses from selling property or equipment during 2024. For a prospective franchisee, this detail provides insight into the company's asset management and financial stability. It suggests that Basecamp Fitness either did not dispose of significant assets or did so without incurring a loss.
It's important to note that this figure only reflects losses from the sale of property and equipment. It does not include other types of losses or expenses that Basecamp Fitness may have incurred during the year, which are detailed in other sections of the financial statements. Franchisees should review the entire financial statement to gain a comprehensive understanding of the company's financial performance.