What was the net income for Bath Tune Up for the year ending December 31, 2023?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
mber 31, 2024 | $ 13,383,394 | $ (9,281,090) $ | 4,102,304 |
HFC KTU LLC (dba Kitchen Tune-Up and Bath Tune-Up) Statements of Cash Flows
| For the Years Ended |
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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 income for the company, which operates as HFC KTU LLC dba Kitchen Tune-Up and Bath Tune-Up, for the year ending December 31, 2023, was $2,271,476. This figure represents the profit remaining after all revenues and expenses were accounted for during that fiscal year.
This net income figure is an important indicator of Bath Tune-Up's overall financial performance and profitability. Prospective franchisees may use this information to assess the financial health and stability of the franchisor. It's also useful to compare this figure with previous years to identify trends in profitability.
However, it is important to note that this net income reflects the performance of HFC KTU LLC, which operates both Kitchen Tune-Up and Bath Tune-Up franchises. The FDD does not break out the individual net income for just the Bath Tune-Up portion of the business. A prospective franchisee should consider this when evaluating the financial performance and should perhaps inquire with the franchisor for more specific details related to Bath Tune-Up's individual financial performance.
Furthermore, the FDD includes audited financial statements, offering an additional level of assurance regarding the accuracy and reliability of the reported net income. These statements have been audited in accordance with auditing standards generally accepted in the United States of America.