What was the amount due to franchisees from Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 | |
| Total current liabilities | 50,405 | 44,649 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the amount due to franchisees in 2023 was $380. This figure represents the current liabilities of Batteries Plus Bulbs, specifically the amount the company owes to its franchisees as of the end of the 2023 fiscal year.
This liability, classified as a current liability, indicates that Batteries Plus Bulbs was obligated to pay this amount to its franchisees within the next year. For a prospective franchisee, this indicates the financial relationship between Batteries Plus Bulbs and its franchisees, reflecting potential ongoing financial transactions or obligations. It's a relatively small amount compared to other liabilities, suggesting that franchisee-related dues are typically managed efficiently.
It is important to note that the 'Due to franchisees' amount can fluctuate year to year based on various factors such as sales performance, payment terms, and other financial agreements between Batteries Plus Bulbs and its franchisees. Reviewing these figures over several years can provide a more comprehensive understanding of the financial dynamics within the franchise system. Additionally, prospective franchisees should inquire about the specific nature of these dues and the circumstances under which they arise to fully understand their financial relationship with Batteries Plus Bulbs.