What was the total amount of current assets for Bath Tune Up as of December 31, 2024?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Continuing Royalty | Gross Revenue for Prior Month | |---|---| | | | | 7.0% | $0 - $30,000 | | 6.0% | $30,000.01 to $60,000 | | 5.0% | $60,000.01 to $120,000 | | 4.0% | $120,000.01 and above |
| Franchised Businesses, and between and among Franchisee’s Franchised Business and Franchisor, its | | | | | | | | |---|---|---|---|---|---|---|---| | designee, and/or Franchisee; (2) physical, electronic, and other security systems; (3) printers and other | | | | | | | | | peripheral devices; | (4) | archival back-up | systems; and | (5) | Internet access | mode (e.g., | form of |
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash $ 2,299,231 $ 1,838,918 | ||
| Accounts receivable, net of allowance for credit losses of $188,577 | ||
| in 2024 and $256,378 in 2023 1,304,922 1,265,202 | ||
| Notes receivable current, net of allowance for credit losses of | ||
| $332,025 in 2024 and $59,798 in 2023 409,478 564,015 | ||
| Rebates receivable, net of allowance for credit losses of $597 in | ||
| 2024 and $— in 2023 130,740 204,750 | ||
| Prepaid expenses 131,152 136,177 | ||
| Other current assets 33,271 44,650 | ||
| Total Current assets 4,308,794 4,053,712 | ||
| Notes receivable long-term, net of allowance for credit losses of | ||
| $370,596 in 2024 and $71,942 in 2023 647,632 963,053 | ||
| Property and equipment, net 603,591 569,701 | ||
| Operating lease right-of-use asset 165,199 220,432 | ||
| Other assets 4,000 — | ||
| Total Assets $ 5,729,216 $ 5,806,898 | ||
| Liabilities and Member's Equity | ||
| Current liabilities | ||
| Accounts payable $ 318,262 $ 5,557 | ||
| Accrued liabilities 476,363 514,466 | ||
| Operating lease liability, current 55,093 57,206 | ||
| Advertising advances |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2024, were $4,308,794. This figure represents the sum of Bath Tune Up's assets that are expected to be converted into cash or used up within one year. These assets include cash, accounts receivable, notes receivable, rebates receivable, prepaid expenses, and other current assets.
Understanding the composition and value of current assets is crucial for prospective franchisees. It provides insights into the company's short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
For a potential Bath Tune Up franchisee, this information is useful for assessing the financial stability of the franchisor. It is advisable to compare these figures with previous years and industry benchmarks to evaluate the trend and relative position of the company. Additionally, it's important to investigate the components of current assets to understand the nature and quality of these assets. For example, a high accounts receivable balance may indicate potential issues with collecting payments from franchisees or customers.