What was the member's equity for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
e assets | 220 44,995 | 786 38,610 | | | Accumulated depreciation | (24,213) | (18,887) | | | Construction in process | 346 | 729 | | | | Total property and equipment | 21,128 | 20,452 | | Other assets | | | | | Goodwill, net | 25,051 | 23,628 | | | Other intangible assets, net | 225,292 | 240,212 | | | Operating lease right-of-use assets, net | 52,047 | 49,306 | | | Notes receivable | 184 | 213 | | | | Total other assets | 302,574 | 313,359 | | | Total assets | $ 429,937 | $ 429,134 |# LIST OF FORMER FRANCHISEES as of December 31, 2024
TRANSFERRED FRANCHISE TO NEW FRANCHISEE
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 | |
| Total current liabilities | 50,405 | 44,649 | |
| Non-current liabilities |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the member's equity in 2023 was $323,565. This figure represents the ownership stake in the company, essentially the assets minus the liabilities, as of the end of that year. Member's equity is a key indicator of the company's financial health and stability. A higher member's equity generally suggests a stronger financial position.
For a prospective Batteries Plus Bulbs franchisee, this number provides insight into the financial structure of the franchise system. It reflects the accumulated profits and investments within the Batteries Plus Bulbs business. Monitoring the trend in member's equity over time (from $323,565 in 2023 to $301,985 in 2024) can indicate the overall financial trajectory of the company.
It's important to note that member's equity can be affected by various factors, including net income, distributions to members, and other comprehensive income or losses. Reviewing the statement of changes in member's equity, also found in the FDD, can provide a more detailed understanding of the factors that influenced this figure. A prospective franchisee should analyze these trends in conjunction with other financial metrics to assess the overall financial stability and performance of Batteries Plus Bulbs.