What was the 'Accrued salaries and benefits' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS Current assets Cash and cash equivalents $ Accounts receivable, net Merchandise inventories, net Prepaid expenses Due from marketing fund | 10,716 29,858 56,393 4,426 668 102,061 | $ 26,197 25,763 48,576 4,665 |
|---|---|---|
| 1,034 | ||
| Total current assets | 106,235 | |
| Property and equipment | ||
| Furniture, fixtures and equipment | 15,913 | 14,383 |
| Vehicles | 1,841 | 1,740 |
| Leasehold improvements | 5,118 | 4,739 |
| Software | 26,733 | 23,913 |
| Finance lease right-of-use assets | 502 | 220 |
| 50,107 | 44,995 | |
| Accumulated depreciation | (29,978) | (24,213) |
| Construction in process | 1,196 | 346 |
| Total property and equipment | 21,325 | 21,128 |
| Other assets | ||
| Goodwill, net | 35,709 | 25,051 |
| Other intangible assets, net | 210,372 | 225,292 |
| Operating lease right-of-use assets, net | 57,761 | 52,047 |
| Notes receivable | 154 | 184 |
| Total other assets | 303,996 | 302,574 |
| $ Total assets | 427,382 | $ 429,937 |
| LIABILITIES AND MEMBER'S EQUITY | ||
| Current liabilities | ||
| Accounts payable | 40,401 | $ 33,297 |
| $ | ||
| Accrued salaries and benefits | 4,928 | 3,618 |
| Current portion of note payable - store repurchase | 4,050 | - |
| Accrued warranty | 3,123 | 3,032 |
| Other accrued expenses | 2,848 | 3,379 |
| Due to franchisees | 395 | 380 |
| Current portion of operating lease liabilities | 6,359 | 5,582 |
| Current portion of finance lease liabili |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the 'Accrued salaries and benefits' in 2023 was $3,618. This figure represents the amount of salaries and benefits that Batteries Plus Bulbs owed to its employees but had not yet paid as of the end of the 2023 fiscal year.
For a prospective franchisee, this information provides insight into the company's financial obligations and how it manages its employee compensation. Accrued salaries and benefits are a common liability for businesses, reflecting the timing difference between when employees earn their pay and when they actually receive it. A relatively stable or decreasing amount in accrued salaries and benefits could indicate efficient management of payroll and employee benefits.
It's important to note that this figure is just one component of the overall financial health of Batteries Plus Bulbs. A franchisee should consider this number in conjunction with other financial data, such as revenue, expenses, and total liabilities, to gain a comprehensive understanding of the company's financial position. Additionally, comparing this figure to previous years and industry benchmarks can provide further context and help assess the company's financial performance.