According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, goodwill, which represents the excess of the purchase price over the fair value of acquired assets and assumed liabilities, is assessed for impairment at the reporting unit level annually on October 31.

In addition to the annual assessment, Batteries Plus Bulbs will also assess goodwill for impairment whenever events or conditions suggest that the goodwill might be impaired. This ensures that the company promptly recognizes any potential losses in value.

For a Batteries Plus Bulbs franchisee, this means that the goodwill associated with their franchise could be subject to review for impairment at least annually, and potentially more frequently if circumstances warrant. While the company believes there is a low probability of impairment, it's important for franchisees to understand that the value of goodwill can fluctuate and may be subject to adjustment based on the performance of the business and other factors.