What is the present value of operating lease liabilities, net of current maturities, for Basecamp Fitness?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
cts to recognize approximately $17,401 of deferred revenue in 2025 and the remainder in subsequent years.
7. Leasing Activities
The Company leases various facilities under operating leases with terms that expire at various dates through August 2029. Under certain facility leases, the Company is obligated to pay all repair and maintenance costs.
(in thousands of US dollars)
The following summarizes the weighted average re
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the present value of operating lease liabilities, net of current maturities, is $1,927. This figure represents the company's financial obligation for its leases, taking into account the discounted value of future lease payments and excluding the portion of those payments due within the next year.
To arrive at this net figure, several calculations are performed. First, the total lease payments for the years 2025 through 2029 are summed, totaling $3,122. Next, a present value discount of $249 is applied to account for the time value of money. This results in a present value of operating lease liabilities of $2,873. Finally, the current maturities, which amount to $946, are subtracted from this present value, yielding the net figure of $1,927.
For a prospective franchisee, this information provides insight into Basecamp Fitness's long-term lease obligations. It is important to note that these figures are based on the company's specific lease agreements and discount rates. Franchisees may want to inquire about the terms and conditions of these leases to better understand the company's financial commitments.