How many Batteries Plus Bulbs franchise locations closed in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
subject to the achievement of specific operational targets by the repurchased stores, subsequent to the acquisition. If achieved, $600 of the earnout liability will be paid in 2025 and $400 will be paid in 2026. The contingent earnout liabilities are recorded with the notes payablestore repurchase on the consolidated balance sheets.
During 2023, Batteries Plus acquired the operating assets of four franchised stores using available cash on-hand. Batteries Plus now op
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Batteries Plus Bulbs does not explicitly state the number of franchise locations that closed during 2023. However, it does mention the acquisition of franchised stores by Batteries Plus Bulbs. Specifically, in 2023, Batteries Plus Bulbs acquired the operating assets of four franchised stores, which then began operating as company-owned stores.
While the document details acquisitions, it does not specify if any franchise agreements were terminated or not renewed, leading to closures. The FDD includes information about store acquisitions and the company's financial performance, but it lacks specific data on franchise closures.
For a prospective franchisee, this absence of closure data means it's important to ask Batteries Plus Bulbs directly about franchise turnover and reasons for any closures. Understanding the stability and success rates of existing franchises is a crucial part of due diligence before investing.