What was the total value of Bath Tune Up's liabilities as of December 31, 2022?

According to Bath Tune Up's 2025 Franchise Disclosure Document, the total liabilities for the company as of December 31, 2022, were $2,480,113. This figure represents the sum of the company's current liabilities ($2,245,315) and non-current lease liabilities ($234,798). Current liabilities include accounts payable, advertising advances and deposits, accrued liabilities, current lease liabilities, and deferred revenue.

For a prospective Bath Tune Up franchisee, understanding the franchisor's liabilities can provide insight into the financial stability and health of the company. A high level of liabilities might indicate potential financial strain, while a manageable level suggests the company is handling its financial obligations effectively. Reviewing these figures in comparison to Bath Tune Up's assets and equity can offer a more comprehensive view of its financial standing.

It is important to note that these liabilities reflect the financial obligations of HFC KTU LLC, which operates both the Kitchen Tune-Up and Bath Tune-Up franchises. The financial statement does not isolate the liabilities specifically attributable to the Bath Tune-Up brand. A potential franchisee should consider this when evaluating the financial information, as the performance of Kitchen Tune-Up could influence these figures.

Prospective franchisees should consult with a financial advisor to fully understand the implications of Bath Tune Up's liabilities and how they might affect the franchise system. Further investigation into the specific types of liabilities and their maturity dates can also provide a clearer picture of the company's financial commitments.