What was the total amount due from parent 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 | |
|---|---|---|
| Member's equity | ||
| Member's equity 13,383,394 11,794,510 | ||
| Due from Parent (9,281,090) (7,516,278) | ||
| Total Member's equity 4,102,304 4,278,232 | ||
| Total Liabilities and Member's equity $ 5,729,216 $ 5,806,898 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the total amount due from the parent company as of December 31, 2024, was ($9,281,090). This is presented as a negative value within the member's equity section of the balance sheet.
This figure represents the net amount owed to the parent company by Bath Tune Up. It is important to note that this is a balance sheet item, reflecting the cumulative financial transactions between Bath Tune Up and its parent as of that specific date. This number can fluctuate significantly from year to year based on various factors, including cash flow, allocations, and other financial activities between the two entities.
A prospective franchisee should understand the implications of this 'Due from Parent' amount. It is essential to investigate the nature of these transactions and the reasons behind the outstanding balance. Understanding the historical trends and the parent company's financial relationship with Bath Tune Up can provide valuable insights into the financial stability and operational dynamics of the franchise system.
Franchisees should seek clarification from Bath Tune Up regarding the nature of these transactions and their potential impact on the franchise's financial health. Consulting with a financial advisor to review the complete financial statements and understand the long-term implications is highly recommended.