What was the value of Basecamp Fitness's leasehold improvements in 2024?
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 value of leasehold improvements in 2024 was $5,607. This figure represents the costs associated with improvements made to leased properties used by Basecamp Fitness. Leasehold improvements are physical enhancements made to a leased space to customize it for the tenant's specific business needs. These improvements become the property of the lessor at the end of the lease term.
For a prospective Basecamp Fitness franchisee, understanding the value of leasehold improvements is important for assessing the company's financial health and investment in its physical locations. It provides insight into the scale and quality of the studios. This information, in conjunction with other financial data, can help potential franchisees evaluate the overall financial stability and growth potential of Basecamp Fitness.
It is important to note that the value presented is a snapshot in time and does not reflect ongoing investments or depreciation. Franchisees should consider these figures in the context of the company's broader financial statements and growth strategy. Reviewing trends in leasehold improvements over multiple years can offer a more comprehensive understanding of Basecamp Fitness's investment patterns and commitment to maintaining and upgrading its facilities.