table_specific

What were the total operating expenses for Bath Tune Up in 2022?

Bath_Tune_Up Franchise · 2025 FDD

Answer from 2025 FDD Document

  1.                               |
    

| Total equity | 3,403,376 | | Total liabilities and member's equity | $ 5,883,489 |

The accompanying notes are an integral part of the financial statements.

Statement of Earnings

For the year ended December 31, 2022
Revenue
Initial franchise fees $ 3,007,397
Royalty income 6,165,332
Continuing franchise fees 2,012,156
Gross sales rebates 2,626,000
Product sales 192,494
Total revenue 14,003,379
Operating expenses
Cost of product sales 83,800
Selling and advertising 3,551,693
Operating and administrative 6,231,268
Total operating expenses 9,866,761
Earnings from oper

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 total operating expenses for the company in 2022 were $9,866,761. These expenses encompass various costs associated with running the Bath Tune Up franchise system. This figure is derived from the company's financial statements, which were audited by an independent auditor.

Specifically, the operating expenses include the cost of product sales, selling and advertising expenses, and operating and administrative costs. For 2022, the breakdown of these expenses was as follows: cost of product sales was $83,800, selling and advertising totaled $3,551,693, and operating and administrative expenses amounted to $6,231,268. These figures provide insight into where Bath Tune Up allocates its resources to support its franchise operations.

Prospective franchisees should consider these operating expenses in relation to the company's revenue to understand the overall profitability and financial health of the Bath Tune Up franchise system. Understanding these costs can help potential franchisees assess the financial stability of the franchise and plan their own business operations accordingly. It's important to note that these expenses reflect the overall company performance and may not directly translate to the expenses a franchisee will incur at their specific location.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.