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How many Batteries Plus Bulbs company-owned stores (CPS) were refranchised during 2022?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.