What were the other fees collected by Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Gross profit | 114,635 | 108,340 | |
|---|---|---|---|
| Other operating income | |||
| Franchise fees | 1,647 | 1,895 | |
| Royalty fees | 23,377 | 23,305 | |
| Supplier commissions | 7,940 | 8,201 | |
| Marketing fund | 25,069 | 19,776 | |
| Other fees | 9,256 | 8,962 | |
| 67,289 | 62,139 | ||
| Operating expenses | |||
| Selling and delivery | 12,494 | 11,435 | |
| Occupancy | 11,047 | 10,130 | |
| General and administrative | 90,186 | 86,987 | |
| Advertising | 2,078 | 2,702 | |
| Marketing fund | 23,912 | 18,625 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, in 2024, Batteries Plus Bulbs collected $1,647 in franchise fees, $23,377 in royalty fees, $7,940 in supplier commissions, $25,069 for the marketing fund, and $9,256 in other fees.
These figures provide insight into the various revenue streams Batteries Plus Bulbs receives from its franchisees and other sources. Franchise fees are typically one-time initial payments, while royalty fees are ongoing payments based on a percentage of sales. Supplier commissions suggest Batteries Plus Bulbs may receive payments from suppliers based on franchisee purchases. The marketing fund contributions are used for advertising and promotional activities to benefit the entire franchise system. The 'other fees' category could encompass a variety of charges, such as transfer fees, audit fees, or technology fees.
For a prospective franchisee, understanding these different fees is crucial for assessing the overall cost of investment and potential profitability. It's important to note that these fees contribute to Batteries Plus Bulbs's revenue and support the services and resources they provide to franchisees. The marketing fund, in particular, is a significant expense that franchisees should evaluate to determine if the benefits justify the cost. It is important to note that the marketing fund expenditures for 2024 were $23,912.
Prospective franchisees should seek clarification from Batteries Plus Bulbs regarding the specific types of fees included in the 'other fees' category to gain a comprehensive understanding of all potential costs. Additionally, they should inquire about the allocation and effectiveness of the marketing fund to ensure it aligns with their business goals.