What was the total value of Basecamp Fitness's property and equipment before accumulated depreciation in 2023?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
024, 2023 and 2022, the Company recorded $32,808, $31,553, and $26,089, respectively, in payroll and related expenses allocated from SEB, which is included in general and administrative expenses in the consolidated statements of comprehensive income. Management
(in thousands of US dollars)
believes that the allocation methodology is reasonable based on the nature of shared services; however, these transactions are not necessarily indicative of amounts that would have been incurred if the Company operated on a stan
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the total value of the company's property and equipment before accumulated depreciation was $12,847 in 2023. This figure represents the sum of several categories of assets, including leasehold improvements, equipment, fitness equipment, autos and trucks, furniture and equipment, and construction in progress.
For a prospective franchisee, this information provides insight into the types and amounts of assets Basecamp Fitness owns and utilizes in its operations. It is important to note that this value is before accounting for accumulated depreciation, which reflects the reduction in value of these assets over time. The corresponding accumulated depreciation for 2023 was $9,370, resulting in a net property and equipment value of $3,477.
Understanding the breakdown of these assets can help a potential franchisee assess the capital investments required to start and maintain a Basecamp Fitness franchise. While this data reflects the franchisor's assets, it can offer a benchmark for the types of equipment and improvements a franchisee might need to invest in for their own studio. Reviewing these figures in conjunction with other financial disclosures in the FDD can provide a more comprehensive understanding of the financial health and operational structure of Basecamp Fitness.