How many Batteries Plus Bulbs company-owned stores (CPS) were refranchised during 2022?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchise | CPS | Total Stores | |
|---|---|---|---|
| January 1, 2022 | 590 | 112 | 702 |
| Openings | 44 | - | 44 |
| Closings | (24) | (1) | (25) |
| CPS Refranchise | 5 | (5) | - |
| CPS Buyback | (6) | 6 | - |
| December 31, 2022 | 609 | 112 | 721 |
| Openings | 30 | - | 30 |
| Closings | (29) | - | (29) |
| CPS Refranchise | - | - | - |
| CPS Buyback | (4) | 4 | - |
| December 31, 2023 | 606 | 116 | 722 |
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, during 2022, the company refranchised 5 company-owned stores (CPS). This means that Batteries Plus Bulbs sold the operating assets of these 5 corporate-owned stores to franchisees, and Batteries Plus Bulbs no longer operates these locations as company-owned stores.
For a prospective franchisee, this indicates that Batteries Plus Bulbs is willing to sell existing company-owned stores to franchisees. This could represent an opportunity to acquire an established Batteries Plus Bulbs location with an existing customer base and operating history, rather than starting a new store from the ground up.
However, it's important to note that the decision to refranchise a company-owned store is at the discretion of Batteries Plus Bulbs. A potential franchisee should inquire about the availability of refranchised stores and the criteria used to select franchisees for these opportunities.