How much was due from the marketing fund for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the amount due from the marketing fund in 2023 was $1,034. This figure represents the balance that Batteries Plus Bulbs expected to receive from the marketing fund as of the end of the 2023 fiscal year.
This "due from marketing fund" is categorized as a current asset on the balance sheet. Current assets are resources that a company expects to convert to cash or use up within one year. For a prospective franchisee, this indicates the marketing fund's financial interactions with Batteries Plus Bulbs, where the fund owes money to the company.
It's important to note that this is an asset, meaning the marketing fund owed this amount to Batteries Plus Bulbs. Franchisees should review the complete financial statements and marketing fund details within the FDD to understand the overall financial health and marketing activities of the franchise system. Understanding the marketing fund's operations is crucial, as it directly impacts the brand's marketing efforts and, consequently, the potential success of individual franchise locations.