What was the amount of notes receivable for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net | 25,051 | 23,628 | |
|---|---|---|---|
| Other intangible assets, net | 225,292 | 240,212 | |
| Operating lease right-of-use assets, net | 52,047 | 49,306 | |
| Notes receivable | 184 | 213 | |
| Total other assets | 302,574 | 313,359 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the notes receivable in 2023 were $184. This figure is part of the company's assets, specifically categorized under 'Other assets.' Notes receivable represent amounts owed to Batteries Plus Bulbs, typically from loans or credit extensions.
As a prospective franchisee, understanding the notes receivable is important because it reflects the financial transactions and lending activities of the company. A higher number of notes receivable could indicate more lending activity or potentially higher risk if these notes are not repaid. Conversely, a lower number might suggest a more conservative approach to lending.
It's also important to note that the notes receivable are part of the overall assets of Batteries Plus Bulbs, which totaled $429,937 in 2023. This broader context helps in assessing the relative significance of the $184 in notes receivable within the company's financial structure. Reviewing these figures in comparison to previous years and industry benchmarks can provide a more comprehensive understanding of the company's financial health and risk profile.