What was the net value of other intangible assets for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net | 35,709 | 25,051 | |
|---|---|---|---|
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 |
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 other intangible assets for the company in 2023 was $225,292. Intangible assets are non-physical assets that can include things like goodwill, trade names, customer relationships, and contractual relationships. These assets are typically recorded on a company's balance sheet and can significantly impact its overall financial health.
For a prospective franchisee, understanding the value and composition of these intangible assets is crucial. It provides insight into the brand's strength, customer loyalty, and the value of its relationships with suppliers and customers. A higher value of intangible assets could indicate a stronger brand presence and a more established business, which can be a positive sign for potential franchisees.
However, it's also important to investigate the nature of these intangible assets. For instance, a large portion of the value might be attributed to goodwill, which can be subjective and may not always translate directly into tangible benefits. Franchisees should also consider how these assets are amortized, as amortization expenses can impact the company's profitability. Reviewing the details behind these figures can offer a more comprehensive understanding of the company's financial position and future prospects.
In summary, while the $225,292 net value of other intangible assets in 2023 appears substantial, prospective Batteries Plus Bulbs franchisees should conduct thorough due diligence to understand the specific components of these assets and their potential impact on the franchise's performance.