What was the cost of merchandise sold by Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Merchandise sales | $ 288,296 | $ 268,600 | |
|---|---|---|---|
| Cost of merchandise sold | 173,661 | 160,260 | |
| Gross profit | 114,635 | 108,340 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the cost of merchandise sold in 2024 was $173,661. This figure represents the direct expenses Batteries Plus Bulbs incurred to acquire the goods it sold during that year.
For a prospective franchisee, understanding the cost of merchandise sold is crucial because it directly impacts the gross profit. The gross profit for Batteries Plus Bulbs in 2024 was $114,635. This is calculated by subtracting the cost of merchandise sold ($173,661) from the merchandise sales ($288,296). A higher cost of goods sold can reduce the gross profit margin, affecting the overall profitability of the franchise.
It's important for potential franchisees to analyze these figures in conjunction with other operating expenses to get a clear picture of the net income. The document also shows that in 2023, the cost of merchandise sold was $160,260 and the gross profit was $108,340. Comparing these figures year-over-year can help in understanding trends and potential areas for improvement in managing costs and increasing profitability.