What were the net cash flows provided by Basecamp Fitness's operating activities in 2024?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
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Minneapolis, Minnesota
March 21, 2025
Anytime Fitness, LLC and Subsidiaries Consolidated Balance Sheets December 31, 2024 and 2023
| (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 | |
| (Gain) loss on sale or closure of fitness center operations | (481) - 4 | |
| Operating right-of-use assets and operating lease liabilities, net | (107) (58) 130 | |
| Changes in assets and liabilities | ||
| Accounts receivable, net | (2,966) (1,398) 1,000 | |
| Vendor rebates receivable | (699) (944) (726) | |
| Due from related parties | (299) 333 (61) | |
| Inventory | (1,831) (552) (676) | |
| Prepaid expenses and other assets | (6,035) 1,984 (2,196) | |
| Deferred costs | 2,083 302 76 | |
| Accounts payable and other accrued expenses | 1,226 4,001 (1,076) | |
| Due to related parties | (109) (253) 142 | |
| Deferred revenue | 5,154 1,004 2,545 | |
| Net cash flows provided by operating activities | 126,828 66,704 64,314 | |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (591) (1,407) (1,898) | |
| Proceeds from sale of property and equipment | 525 - 13 | |
| Cash acquired in common control transaction | 2,172 - - | |
| Purchases of software development and license costs | (6,847) (8,654) (7,472) | |
| Purchases of trademarks | (20) (29) (28) | |
| Net cash flows used in investing activities | (4,761) (10,090) (9,385) | |
| Cash flows from financing activities | ||
| Proceeds from issuance of long-term debt | 524,000 - - | |
| Principal payments on long-term debt | (29,000) - (1,213) | |
| Financing costs related to issuance of long-term debt | (14,892) - - | |
| Cash contributions | - - 1 | |
| Distributions paid to member | (599,060) (60,125) (53,469) | |
| Net cash flows used in financing activities | (118,952) (60,125) (54,681) | |
| Effect of exchange rate on cash flows, net | (2) (4) (13) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 3,113 (3,515) 235 | |
| Cash, cash equivalents and restricted cash | ||
| Beginning of year | 13,119 16,634 16,399 | |
| End of year | $ 16,232 $ 13,119 $ 16,634 | |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $ 52,480 $ 24,419 $ 24,488 | |
| Supplemental schedule of noncash investing and financing activities | ||
| Right-of-use assets acquired under operating leases | $ - $ 1,569 $ |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the net cash flows provided by operating activities in 2024 were $126,828 (in thousands of US dollars). This indicates the amount of cash Basecamp Fitness generated from its core business operations during that year. This figure is a key indicator of the company's financial health and its ability to fund its operations and growth.
For a prospective Basecamp Fitness franchisee, understanding the franchisor's cash flow from operations is crucial. It provides insight into the stability and efficiency of the business model. A positive and growing cash flow suggests that the franchisor is effectively managing its resources and generating sufficient revenue to cover its expenses. This can be a reassuring factor for franchisees who are considering investing in the brand.
In comparison, the net cash flows provided by operating activities in 2023 were $66,704, and in 2022, they were $64,314 (in thousands of US dollars). The increase in net cash flows from operating activities from 2022 and 2023 to 2024 suggests a positive trend in Basecamp Fitness's financial performance. This could be attributed to various factors, such as increased revenue, improved cost management, or a combination of both. Franchisees may want to inquire about the specific drivers behind this growth to better understand the potential for their own businesses.
It's important to note that these figures are presented in thousands of US dollars, meaning the actual amounts are significantly larger. For example, the $126,828 represents $126,828,000. Prospective franchisees should carefully review the entire financial section of the FDD and consult with a financial advisor to fully understand the implications of these figures and how they relate to their own investment decisions.