What was the 'interest income' for Bath Tune Up as of December 31, 2024?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Other income (expense) | ||
| Interest income 83,205 54,737 | ||
| Other expense, net (229,065) (537,961) | ||
| Total Other income (expense) (145,860) (483,224) | ||
| Net income $ 1,588,884 $ 2,271,476 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the interest income as of December 31, 2024, was $83,205. This figure reflects the income Bath Tune Up earned from interest-bearing accounts or investments during that fiscal year. In comparison, the interest income as of December 31, 2023, was $54,737, indicating an increase in interest income year over year.
For a prospective franchisee, understanding the franchisor's financial performance is crucial. Interest income, while not a primary revenue source, can contribute to the overall financial health of Bath Tune Up. A higher interest income can suggest effective cash management and investment strategies by the franchisor.
However, it's important to consider this figure in the context of Bath Tune Up's total revenue and expenses. While an increase in interest income is generally positive, it should be evaluated alongside other financial metrics to gain a comprehensive understanding of the company's financial stability and performance. Reviewing trends over several years, if available, would provide a more insightful perspective on the consistency and significance of this income source.