What was the net income for Basecamp Fitness in 2023 (in thousands of US dollars)?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, the net income for 2023 was $54,308 (in thousands of US dollars). This figure represents the company's profit after all revenues and expenses have been accounted for during that year. This is a key indicator of the financial health and profitability of Basecamp Fitness.

For a prospective franchisee, understanding the franchisor's net income can provide insights into the stability and potential success of the franchise system. A higher net income generally suggests a more robust and well-managed organization. It's important to note that this net income reflects the overall performance of Basecamp Fitness and not necessarily the financial performance of individual franchise locations.

It is also useful to compare the net income year-over-year. In this case, Basecamp Fitness's net income was $60,705 in 2022 and $54,308 in 2023, indicating a decrease in net income. A prospective franchisee may want to inquire about the reasons for this change and whether it is part of a larger trend. Furthermore, the net income in 2024 was $113,091, showing a significant increase from the previous years.

It is important for potential franchisees to review the entire financial statement and consult with a financial advisor to fully understand the implications of Basecamp Fitness's financial performance. This includes analyzing revenue streams, expenses, and other financial metrics to assess the overall risk and opportunity associated with investing in a Basecamp Fitness franchise.