What was the note payable - store repurchase amount for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs FDD, the note payable - store repurchase amount in 2023 was $930. This figure reflects the company's obligation to pay for stores it has repurchased.
This liability represents the outstanding balance Batteries Plus Bulbs owes for the acquisition of company-operated or franchised stores. The presence of this liability suggests that Batteries Plus Bulbs has a strategy of buying back stores, possibly to consolidate operations or regain control in certain markets.
For a prospective franchisee, this information provides insight into the company's financial transactions and its approach to store ownership. It indicates that Batteries Plus Bulbs is willing to invest in acquiring existing stores, which could be relevant if a franchisee is considering selling their location back to the company in the future.