What was the change in accrued liabilities for Bath Tune Up as of December 31, 2024?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 12/31/2024 | 12/31/2023 | |
|---|---|---|
| Accrued cost of sales $ 339,593 $ 328,125 | ||
| Accrued compensation 116,571 118,990 | ||
| Accrued training costs 15,653 24,892 | ||
| Accrued accounts payable 3,779 42,060 | ||
| Other 767 399 | ||
| Accrued liabilities $ 476,363 $ 514,466 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the accrued liabilities decreased from December 31, 2023, to December 31, 2024. The accrued liabilities were $514,466 as of December 31, 2023, and decreased to $476,363 as of December 31, 2024. This represents a decrease of $38,103 in accrued liabilities for Bath Tune Up.
Accrued liabilities represent obligations that Bath Tune Up has incurred but not yet paid. These can include accrued cost of sales, accrued compensation, accrued training costs, and accrued accounts payable. The decrease in accrued liabilities could be due to a variety of factors, such as a decrease in expenses or a change in payment terms with suppliers.
Prospective franchisees should understand the components of accrued liabilities and how they can impact the financial performance of Bath Tune Up. Monitoring these liabilities can provide insights into the company's short-term financial obligations and its ability to manage its working capital effectively. A decrease in these liabilities could indicate improved financial management or changes in operational practices.