What was the amount of advertising advances and deposits for Bath Tune Up as of December 31, 2023?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Liabilities and Member's Equity | ||
| Current liabilities | ||
| Accounts payable $ 318,262 $ 5,557 | ||
| Accrued liabilities 476,363 514,466 | ||
| Operating lease liability, current 55,093 57,206 | ||
| Advertising advances and deposits 9,926 156,605 | ||
| Deferred revenue 650,085 622,556 | ||
| Total Current liabilities 1,509,729 1,356,390 | ||
| Operating lease liability, long-term 117,183 172,276 | ||
| Total Liabilities 1,626,912 1,528,666 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the advertising advances and deposits as of December 31, 2023, were $156,605. This figure reflects the total amount of funds that Bath Tune Up had received from franchisees or other sources for future advertising campaigns or related activities. These funds are held as liabilities on Bath Tune Up's balance sheet until they are used for their intended purpose.
For a prospective franchisee, this information provides insight into how Bath Tune Up manages its advertising funds. It shows the scale of advertising investments being made across the franchise system. A higher number may indicate a more robust advertising strategy, while fluctuations from year to year could reflect changes in marketing priorities or the timing of advertising campaigns.
It's important for potential franchisees to understand how these advertising funds are collected, managed, and spent. They should inquire about the specific advertising plans, the allocation of funds between national and local campaigns, and the methods used to track the effectiveness of advertising efforts. Understanding these details can help franchisees assess the value they receive from their contributions to advertising advances and deposits.