According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, there were 18 stores operating in Indiana at the start of 2023. The table in Item 20 provides a detailed breakdown of store counts by state and year, including the number of stores at the beginning of the year, stores opened, and stores closed. This information is crucial for prospective franchisees to understand the brand's presence and performance in specific geographic areas.

For a potential Batteries Plus Bulbs franchisee in Indiana, this indicates a stable market with no store openings or closures reported during 2023. This could suggest a mature market with established brand recognition. However, it's important to investigate further why there was no growth in that year.

It is also important to note that the table also tracks other changes, such as stores reacquired from franchisees, stores sold to franchisees, terminations, non-renewals, and stores that ceased operations for other reasons. Reviewing these figures can provide a more comprehensive understanding of the stability and health of the Batteries Plus Bulbs franchise network in Indiana and other states.