What was the total revenue for Bath Tune Up for the most recent fiscal year?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
t L | You (only if you purchase two territories) and us |
HFC KTU LLC (dba Kitchen Tune-Up and Bath Tune-Up) Statements of Operations
| For the Years Ended | |||||
|---|---|---|---|---|---|
| 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 | $ |
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 fiscal year ended December 31, 2024, was $13,929,258. This revenue is comprised of several income streams, including royalty income, continuing franchise fees, gross sales rebates, initial franchise fees, and product and other sales. The franchisor's revenue decreased from 2023 to 2024.
For a prospective Bath Tune Up franchisee, understanding the revenue streams is crucial. Royalty income, which totaled $7,256,176 in 2024, is typically a percentage of the franchisee's gross sales. Continuing franchise fees amounted to $2,801,768, while gross sales rebates contributed $2,085,378. Initial franchise fees, collected from new franchisees, totaled $1,579,558. Product and other sales accounted for $206,378.
It's important to note that while Bath Tune Up's total revenue was approximately $13.9 million in 2024, this figure reflects the combined revenue of both Bath Tune-Up and its sister brand, Kitchen Tune-Up, as they operate under the same parent company, HFC KTU LLC. A potential franchisee should seek clarification from the franchisor regarding the specific revenue attributable to Bath Tune-Up alone to gain a clearer understanding of the brand's financial performance.
Furthermore, the FDD includes detailed financial statements audited by an independent auditor, providing an additional level of assurance regarding the accuracy and reliability of the reported figures. Reviewing these statements and consulting with a financial advisor is advisable for any prospective franchisee to assess the financial health and stability of the Bath Tune Up franchise system.