What was the net value of property and equipment 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 | |
|---|---|---|
| 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) (292,056) | ||
| Property and equipment, net of accumulated depreciation 602,375 565,763 | ||
| Development in progress 1,216 3,938 | ||
| Property and equipment, net $ 603,591 $ 569,701 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
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. This figure represents the original cost of the property and equipment, less any accumulated depreciation. This number can give a franchisee an idea of the assets Bath Tune Up owns.
Specifically, the FDD lists the components that make up the total property and equipment before depreciation. These include computer software valued at $1,017,935, leasehold improvements of $102,763, and computer equipment worth $25,754 as of December 31, 2024. The total property and equipment before accumulated depreciation was $1,146,452. After subtracting accumulated depreciation of $544,077, the net value is $602,375. There is also development in progress valued at $1,216, bringing the total net property and equipment to $603,591.
Prospective franchisees might want to compare these figures with those of other franchise systems to assess Bath Tune Up's investment in its infrastructure. It is also important to understand what types of assets are included in property and equipment, as this can vary between companies. Understanding the depreciation methods used can also provide insights into how the value of these assets is being managed over time.