What was the reported amount of franchise fees for a Batteries Plus Bulbs franchise in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Merchandise sales | $ 268,600 | $ 283,671 | |
| Cost of merchandise sold | 160,260 | 171,838 | |
| Gross profit | 108,340 | 111,833 | |
| Other operating income | |||
| Franchise fees | 1,895 | 1,718 | |
| Royalty fees | 23,305 | 23,060 | |
| Supplier commissions | 8,201 | 6,885 | |
| Marketing fund | 19,776 | 19,854 | |
| Other fees | 8,962 | 8,341 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the franchise fees reported for 2023 were $1,895. This figure is part of a larger table presenting various income and expense items. The table also includes data from 2022 for comparison.
For a prospective franchisee, this indicates the fees Batteries Plus Bulbs collected from its franchisees. It is important to note that this is not necessarily the initial franchise fee a new franchisee would pay. Instead, this number likely reflects ongoing franchise fees remitted by existing franchisees, which could be a percentage of sales or a fixed annual fee.
Understanding the nature of these fees is crucial. A new franchisee should clarify with Batteries Plus Bulbs what specific activities or services these franchise fees cover. This could include brand support, training, or access to proprietary systems. It's also worth comparing this figure with the royalty fees and marketing fund contributions to get a complete picture of the ongoing costs of operating a Batteries Plus Bulbs franchise.