What was the total value of prepaid expenses reported for Bath Tune Up?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
ities, net of allowances for doubtful accounts | (382,948) | | Notes receivable, net of current maturities and allowances for doubtful accounts | $ 710,666 |
4. Prepaid Expenses
Prepaid expenses consist of the following as of December 31:
| Prepaid commissions and broker fees | $ 143,900 | |-
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 company's financial statements as of December 31, 2022, show a total of $246,171 in prepaid expenses. These expenses include several categories of prepaid items.
Specifically, the prepaid expenses consist of $143,900 in prepaid commissions and broker fees, $21,067 in prepaid training costs, $17,786 for prepaid convention expenses, $25,092 in prepaid advertising, and $24,575 in prepaid conferences. The remaining $13,751 is categorized as 'others'.
Understanding the nature and duration of these prepaid expenses is important for prospective Bath Tune Up franchisees. Prepaid expenses represent payments made in advance for goods or services that will be received in the future. Reviewing these expenses can provide insights into Bath Tune Up's operational practices and financial obligations.