What was the amount due from franchisees to Batteries Plus Bulbs in the later year?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | |||
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | $ 26,197 | $ 1,018 | |
| Accounts receivable, net | 25,763 | 26,516 | |
| Merchandise inventories, net | 48,576 | 61,322 | |
| Prepaid expenses | 4,665 | 4,472 | |
| Due from marketing fund | 1,034 | 1,328 | |
| Note receivable - store sale | - | 541 | |
| Due from franchisees | - | 126 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to the 2025 FDD, the amount due from franchisees to Batteries Plus Bulbs is detailed in the balance sheets. Specifically, the 'Due from franchisees' line item reflects the outstanding amounts owed to Batteries Plus Bulbs by its franchisees.
In 2023, the 'Due from franchisees' was $126. In 2024, this amount is reported as zero. This suggests that franchisees collectively owed Batteries Plus Bulbs $126 in 2023, but that amount was either paid off or otherwise resolved by the end of 2024.
Prospective franchisees should note that this figure can fluctuate based on various factors such as payment terms, outstanding invoices, and the timing of revenue recognition. It's a relatively small amount compared to other assets and liabilities on the balance sheet, but it's still a factor to consider when assessing the financial relationship between Batteries Plus Bulbs and its franchisees.