What were the franchise fees collected by Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Merchandise sales | $ 268,600 | $ 283,671 | |
| Cost of merchandise sold | 160,260 | 171,838 | |
| Gross profit | 108,340 | 111,833 | |
| Other operating income | |||
| Franchise fees | 1,895 | 1,718 | |
| Royalty fees | 23,305 | 23,060 | |
| Supplier commissions | 8,201 | 6,885 | |
| Marketing fund | 19,776 | 19,854 | |
| Other fees | 8,962 | 8,341 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the franchise fees collected in 2023 amounted to $1,895. This figure represents the total franchise fees Batteries Plus Bulbs received from its franchisees during that year. Franchise fees are typically one-time, upfront payments that franchisees make to the franchisor for the right to operate under the Batteries Plus Bulbs brand and utilize its business system.
For a prospective franchisee, this information provides insight into the revenue streams of Batteries Plus Bulbs. While franchise fees are not the primary source of income for most established franchisors (royalties usually are), they are still an important component of the overall financial picture. A consistent stream of franchise fee income indicates that Batteries Plus Bulbs is continuing to attract new franchisees and expand its network.
It's important to note that this figure represents the total franchise fees collected across the entire Batteries Plus Bulbs system. It does not reflect the initial franchise fee that a new franchisee would pay, nor does it provide any detail on how that fee is used by Batteries Plus Bulbs. Further due diligence, including a review of Item 5 in the FDD, would be needed to understand the initial investment and ongoing fees required to operate a Batteries Plus Bulbs franchise.