What was the current portion of the contract liability for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the current portion of the contract liability in 2023 was $1,372. This figure represents the amount of contract liabilities due within the next year.
For a prospective franchisee, understanding the current portion of contract liability is crucial as it reflects the short-term obligations Batteries Plus Bulbs has towards its contractual agreements. This liability is part of the company's overall financial health and its ability to meet its immediate financial obligations.
Reviewing these figures helps potential franchisees assess the financial stability and short-term financial obligations of Batteries Plus Bulbs. It is a standard practice to evaluate these liabilities when considering investing in a franchise, as it provides insights into the company's financial management and potential risks.