What was the total amount of vendor rebates received by Basecamp Fitness in 2023?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 | 2023 2022 | |
|---|---|---|---|
| Revenues | |||
| Franchise royalties | $ 145,245 $ 61,387 | $ 58,105 | |
| Franchise fees | 20,063 | 14,390 11,096 | |
| Sales | 78,248 | 41,857 42,586 | |
| Advertising fund revenue | 16,379 | 17,607 17,531 | |
| Vendor rebates | 55,950 | 47,825 42,115 | |
| Other revenues | 1,124 | 1,016 700 | |
| Total revenues | 317,009 | 184,082 172,133 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the company received $47,825 in vendor rebates in 2023. This figure is part of the total revenues reported by Basecamp Fitness for that year. These rebates are a form of income that the company recognizes when franchisees utilize preferred vendors for purchases of services or equipment.
Vendor rebates are an important revenue stream for Basecamp Fitness, and understanding how these rebates are generated and recognized can be crucial for potential franchisees. The franchisor earns vendor rebates when franchisees purchase services or equipment from preferred vendors. The franchisor recognizes this rebate income when the franchisee makes a purchase from a preferred vendor and the collection of the rebate is reasonably assured.
For a prospective Basecamp Fitness franchisee, this indicates the importance of utilizing the preferred vendor network established by the franchisor. While franchisees may have the freedom to choose vendors outside of this network, doing so would mean that Basecamp Fitness would not receive these rebates, which contribute to the overall financial health of the company. This also highlights the franchisor's incentive to negotiate favorable terms with vendors, as these rebates directly impact their revenue.