What was the value of Bath Tune Up's development in progress as of December 31, 2023?
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 its development in progress as of December 31, 2023, was $3,938. This figure reflects the company's investments in projects that were underway but not yet completed by the end of that year.
For a prospective franchisee, this number provides insight into Bath Tune Up's financial activities related to ongoing developments. It is important to note that this value is a snapshot in time and can fluctuate as projects progress and new ones are initiated.
Understanding the nature of these 'development in progress' projects would be beneficial for a franchisee. It would be wise to inquire with Bath Tune Up about the types of projects included in this category and how they contribute to the overall growth and strategy of the company. This information can help a franchisee assess the franchisor's commitment to innovation and long-term development.