What was the total revenue 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 | |
|---|---|---|
| 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 |
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, 2024, was $13,929,258. 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. In comparison, the total revenue for the previous year, as of December 31, 2023, was $14,408,298.
For a prospective franchisee, understanding the revenue streams is crucial. Royalty income, which totaled $7,256,176 in 2024, is derived from the ongoing sales of franchisees. Continuing franchise fees, amounting to $2,801,768, also contribute to the overall revenue. Initial franchise fees, which were $1,579,558 in 2024, represent the fees collected from new franchisees joining the Bath Tune Up system. Gross sales rebates and product sales make up the remainder of the revenue.
It's worth noting that while total revenue decreased from 2023 to 2024, the composition of revenue streams can indicate the health and growth of the franchise system. For example, a decrease in initial franchise fees might suggest a slowdown in new franchise acquisitions, while an increase in royalty income could indicate stronger performance from existing franchisees. A prospective franchisee should analyze these trends in detail to assess the potential for future growth and profitability.