What was the reported value of Batteries Plus Bulbs' accrued salaries and benefits in 2022?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit A are Batteries' 2024-2023 and 2023-2022 financial statements which include consolidated balance sheets for Batteries as of December 31, 2024, December 31, 2023, and December 31, 2022; and the related consolidated statements of income, members' equity and cash flows for each of the years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information regarding the specific value of accrued salaries and benefits for Batteries Plus Bulbs in 2022 is not explicitly provided. While the document includes detailed financial statements and notes, it does not break down accrued expenses to the level of detail that would allow for the isolation of accrued salaries and benefits.
However, the FDD does include consolidated balance sheets and related statements of income, member's equity, and cash flows for the years ending December 31, 2024, 2023, and 2022. These statements offer a broader view of the company's financial performance and position. Notes to the consolidated financial statements discuss various aspects such as accounting policies, store acquisitions, stock option plans, and other financial details.
A prospective franchisee should inquire directly with Batteries Plus Bulbs's management to obtain specific figures for accrued salaries and benefits. Understanding these figures can be crucial for assessing the company's financial health and stability, which is an important part of the due diligence process.