What was the value of Bath Tune Up's computer software as of December 31, 2024?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 12/31/2024 | 12/31/2023 | |
|---|---|---|
| Computer software $ 1,017,935 $ 704,043 | ||
| Leasehold improvements 102,763 102,763 | ||
| Computer equipment 25,754 51,013 | ||
| Property and equipment 1,146,452 857,819 | ||
| Less: Accumulated depreciation (544,077) (292,056) | ||
| Property and equipment, net of accumulated depreciation 602,375 565,763 | ||
| Development in progress 1,216 3,938 | ||
| Property and equipment, net $ 603,591 $ 569,701 |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the value of their computer software as of December 31, 2024, was $1,017,935. The FDD also provides the value of the computer software as of December 31, 2023, which was $704,043. This indicates an increase in the value of computer software from 2023 to 2024.
In addition to computer software, the FDD lists other property and equipment assets, such as leasehold improvements and computer equipment. The total property and equipment was valued at $1,146,452 as of December 31, 2024. After accounting for accumulated depreciation, the net value of property and equipment was $602,375.
For a prospective franchisee, this information provides insight into the assets Bath Tune Up possesses. It's important to note that these figures reflect the franchisor's assets and not necessarily the investment required by a franchisee to start their own Bath Tune Up franchise. Understanding the franchisor's financial standing can help potential franchisees assess the stability and maturity of the franchise system.