What was the amount of notes receivable for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the notes receivable for the company in 2024 was $154. This figure is part of the company's assets, specifically categorized under 'Other assets'.
Notes receivable represent amounts owed to Batteries Plus Bulbs by debtors. These notes are typically more formal than accounts receivable, often including a written agreement specifying the terms of repayment, such as the interest rate and due date. The amount of notes receivable can fluctuate based on the company's lending activities or payment collection efforts.
For a prospective franchisee, understanding the notes receivable is important as it reflects part of the financial health of Batteries Plus Bulbs. While a relatively small amount compared to other assets like 'Goodwill, net' ($35,709) or 'Other intangible assets, net' ($210,372), it still contributes to the overall asset base. Monitoring changes in notes receivable over time could provide insights into the company's financial transactions and risk management practices.