What was the total revenue for Bath Tune Up in 2022?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
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| 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 |
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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 revenue for the company, which also includes Kitchen Tune-Up, for the year ending December 31, 2022, was $14,003,379. This revenue is comprised of several sources, including initial franchise fees, royalty income, continuing franchise fees, gross sales rebates, and product sales.
For a prospective Bath Tune-Up franchisee, this figure represents the overall financial scale of the franchise system during that period. It is important to note that this revenue encompasses both Bath Tune-Up and Kitchen Tune-Up, as they are under the same parent company, HFC KTU LLC. The FDD indicates that Bath Tune-Up had 42 franchises as of December 31, 2022, while Kitchen Tune-Up had 270 franchises.
It is also important to consider that the financial statements have been audited by an independent auditor, BDO USA, LLP, and their opinion states that the financial statements present fairly the financial position of the company as of December 31, 2022. This provides a level of assurance regarding the accuracy and reliability of the reported revenue. A prospective franchisee should analyze these figures in conjunction with other financial data and operational metrics to assess the financial health and growth potential of the Bath Tune-Up franchise.