What was the amount of accrued salaries and benefits for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 liability | 99 | 44 | |
| Current portion of contract liability | 512 | 1,073 | |
| Total current liabilities | 62,715 | 50,405 |
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 for 2024 were $4,928. This figure represents the current liabilities related to employee compensation and benefits that Batteries Plus Bulbs had accumulated but not yet paid out as of the end of the fiscal year.
For a prospective franchisee, understanding this figure provides insight into the company's financial obligations and how it manages its employee-related expenses. Accrued salaries and benefits are a normal part of business operations, reflecting the timing difference between when the expense is incurred and when it is paid. A significant change in this figure from year to year could indicate changes in staffing levels, compensation policies, or payment schedules.
It's also useful to compare this figure with other liabilities and the overall financial health of Batteries Plus Bulbs. Reviewing the trend of accrued salaries and benefits over several years, if available, can offer a more comprehensive understanding of the company's financial management practices. Additionally, prospective franchisees may want to inquire about the specific types of benefits included in this accrual and how they are managed.