As of December 31, what was the net value of property and equipment for Bath Tune Up?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
allowance for credit losses | $ 647,632 |
4. PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following for the years ended:
| 12/31/2024 | 12/31/2023 | |
|---|---|---|
| Computer software | $ 1,017,935 | $ 704,043 |
| Leasehold improvements | 102,763 | 102,763 |
| Computer equipment | 25,754 | 51,013 |
| Property and equipment | 1,146,452 | 857,819 |
| Less: Accumulated depreciation | (544,077) | (292, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 51–52)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the net value of property and equipment as of December 31, 2024, was $603,591, and as of December 31, 2023, it was $569,701. This figure is calculated by taking the total property and equipment value, subtracting accumulated depreciation, and then adding any development in progress.
Specifically, for December 31, 2024, the total property and equipment was $1,146,452, with accumulated depreciation of $544,077, resulting in a net value of $602,375. An additional $1,216 was added for development in progress, bringing the final net value to $603,591. For December 31, 2023, the total property and equipment was $857,819, with accumulated depreciation of $292,056, resulting in a net value of $565,763. An additional $3,938 was added for development in progress, bringing the final net value to $569,701.
These figures provide a snapshot of Bath Tune Up's investment in its physical assets and ongoing development activities. Prospective franchisees may find this information useful for understanding the capital expenditure trends of the company. Reviewing these figures over multiple years can also indicate the company's growth and investment strategies.