How is 'Key Fob Net Revenue' defined for a Batteries Plus Bulbs store?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
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- "Key Fob Net Revenue" is the Store's Net Revenue attributable to key fob repair and replacement services.
- A. "Net Revenue" means the average Net Revenues of the company-owned Stores for the applicable month during the 2024 calendar year. "Net Revenge" means all revenues received from the sale of goods and services, whether for cash or by check, credit card or trade, in connection with the Store, less sales tax, discounts and customer refunds and returns.
Source: Item 19 — Financial Performance Representations (FDD pages 53–70)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, 'Key Fob Net Revenue' is defined as the store's net revenue attributable to key fob repair and replacement services. In practical terms, this means that any revenue a Batteries Plus Bulbs store generates from fixing or replacing key fobs is classified as 'Key Fob Net Revenue'.
This definition is important for franchisees because Batteries Plus Bulbs uses different net revenue categories to track the financial performance of its stores. Understanding how each revenue stream is defined allows franchisees to accurately assess their store's performance in specific areas, such as key fob services. It also helps in comparing their store's performance against company-owned stores or other franchised locations.
Prospective franchisees should pay attention to this definition as they evaluate the potential revenue streams for their Batteries Plus Bulbs store. Key fob services can be a significant source of income, and knowing how this revenue is categorized is essential for financial planning and analysis. Additionally, the FDD specifies that 'Net Revenue' means all revenues received from the sale of goods and services, less sales tax, discounts, and customer refunds and returns.