What was the net income for Bath Tune Up for the year ending December 31, 2024?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
t L | You (only if you purchase two territories) and us |
HFC KTU LLC (dba Kitchen Tune-Up and Bath Tune-Up) Statements of Operations
| For the Years Ended | |||||
|---|---|---|---|---|---|
| December 31, 2024 | December 31, 2023 | ||||
| Revenue | |||||
| Royalty income | $ | 7,256,176 | $ | 6,827,867 | |
| Continuing franchise fees | 2,801,768 | 2,588,937 | |||
| Gross sales rebates | 2,085,378 | 2,151,381 | |||
| Initial franchise fees | 1,579,558 | 2,632,960 | |||
| Product and other sales | 206,378 | 207,153 | |||
| Total Revenue | 13,929,258 | 14,408,298 | |||
| Operating expenses | |||||
| Cost of product sales | 61,171 | 38,689 | |||
| Selling and advertising | 3,407,107 | 3,309,601 | |||
| Operating and administrative | 8,682,605 | 8,310,719 | |||
| Loss on disposal of assets | — | 3,651 | |||
| Foreign exchange loss (gain) | 15,613 | (9,062) | |||
| Other operating expense | 28,018 | — | |||
| Total Operating expenses | 12,194,514 | 11,653,598 | |||
| Income from operations | 1,734,744 | 2,754,700 | |||
| Other income (expense) | |||||
| Interest income | 83,205 | 54,737 |
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, 2024, was $1,588,884. This figure represents the company's profitability after accounting for all revenues and expenses during that period. In comparison, the net income for the previous year, ending December 31, 2023, was $2,271,476.
This net income figure is a key indicator of Bath Tune-Up's financial performance and can be useful for prospective franchisees in assessing the financial health and stability of the franchisor. A higher net income generally suggests a more profitable and well-managed company, which can translate to better support and resources for franchisees. However, it is important to consider this figure in conjunction with other financial data and factors, such as revenue, expenses, and cash flow, to gain a comprehensive understanding of the company's financial situation.
Prospective franchisees should also be aware that the financial performance of the franchisor does not guarantee similar results for individual franchise locations. The success of a franchise depends on various factors, including the franchisee's management skills, local market conditions, and the level of support provided by the franchisor. Therefore, it is crucial for potential franchisees to conduct thorough due diligence and seek professional advice before making any investment decisions. Reviewing the complete financial statements and notes, as well as consulting with current franchisees, can provide valuable insights into the potential risks and rewards of investing in a Bath Tune-Up franchise.