What was the total revenue for Bath Tune Up as of December 31, 2023?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Revenue | ||
| Royalty income $ 7,256,176 $ 6,827,867 | ||
| Continuing franchise fees 2,801,768 2,588,937 | ||
| Gross sales rebates 2,085,378 2,151,381 | ||
| Initial franchise fees 1,579,558 2,632,960 | ||
| Product and other sales 206,378 207,153 | ||
| Total Revenue 13,929,258 14,408,298 | ||
| Operating expenses | ||
| Cost of product sales 61,171 38,689 | ||
| Selling and advertising 3,407,107 3,309,601 | ||
| Operating and administrative 8,682,605 8,310,719 | ||
| Loss on disposal of assets — 3,651 | ||
| Foreign exchange loss (gain) 15,613 (9,062) | ||
| Other operating expense 28,018 — | ||
| Total Operating expenses 12,194,514 11,653,598 | ||
| Income from operations 1,734,744 2,754,700 | ||
| Other income (expense) | ||
| Interest income 83,205 54,737 | ||
| Other expense, net (229,065) (537,961) | ||
| Total Other income (expense) (145,860) (483,224) | ||
| Net income $ 1,588,884 $ 2,271,476 |
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 revenue as of December 31, 2023, was $14,408,298. This figure represents the sum of various income streams, including royalty income, continuing franchise fees, gross sales rebates, initial franchise fees, and product and other sales. Understanding the components of this revenue is important for prospective franchisees to assess the financial health and revenue sources of the Bath Tune Up franchise system.
Breaking down the revenue streams, royalty income contributed $6,827,867, while continuing franchise fees added $2,588,937. Gross sales rebates accounted for $2,151,381, and initial franchise fees brought in $2,632,960. Product and other sales contributed $207,153. These figures provide insight into how Bath Tune Up generates its revenue, with a significant portion coming from royalties and franchise fees, indicating a mature franchise network.
It's worth noting that while total revenue was $14,408,298, the company also incurred operating expenses of $11,653,598, resulting in an income from operations of $2,754,700. After accounting for other income and expenses, the net income was $2,271,476. Analyzing these figures helps potential franchisees understand the profitability of Bath Tune Up and the factors influencing its financial performance.