What was the net value of goodwill for Batteries Plus Bulbs in the earlier year?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the net value of goodwill in 2023 was $23,628. This figure represents the intangible asset value associated with the Batteries Plus Bulbs brand, customer relationships, and other factors that contribute to its overall business value beyond its physical assets.
For a prospective franchisee, goodwill can be an important consideration. A higher goodwill value often indicates a stronger brand reputation and customer loyalty, which can translate into easier customer acquisition and higher sales. However, it's important to note that goodwill is an intangible asset and its value can fluctuate based on various market conditions and the overall performance of Batteries Plus Bulbs.
It is important for potential franchisees to understand how Batteries Plus Bulbs calculates and manages its goodwill. While a strong brand can be a significant advantage, franchisees should also conduct their own market research and assess the local competitive landscape to determine the potential value of the Batteries Plus Bulbs brand in their specific area. Additionally, franchisees should inquire about any factors that could potentially impact the value of goodwill, such as changes in brand perception or increased competition.