What was the reported value of construction in process for Batteries Plus Bulbs in the earlier year?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Furniture, fixtures and equipment | 14,383 | 12,240 | |
|---|---|---|---|
| Vehicles | 1,740 | 1,654 | |
| Leasehold improvements | 4,739 | 4,012 | |
| Software | 23,913 | 19,918 | |
| Finance lease right-of-use assets | 220 44,995 | 786 38,610 | |
| Accumulated depreciation | (24,213) | (18,887) | |
| Construction in process | 346 | 729 | |
| Total property and equipment | 21,128 | 20,452 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the value of construction in process is detailed in the balance sheets. The balance sheets provide a snapshot of the company's assets, liabilities, and equity at specific points in time. Construction in process refers to costs incurred for projects that are not yet completed and ready for use. These costs can include materials, labor, and other direct expenses associated with building or improving physical assets.
Specifically, the value of construction in process for Batteries Plus Bulbs was $729 in 2022 and $346 in 2023. This indicates the level of ongoing construction or renovation activities within the company during those years. For a prospective franchisee, this line item can provide insights into the company's investment in its infrastructure and facilities.
Monitoring the trend in construction in process can also be useful. A significant increase might suggest expansion or upgrades, while a decrease could indicate a slowdown in such activities. It is important to note that these figures reflect the company's overall construction activities and may not directly correlate with the costs a new franchisee will incur in setting up their own store. Franchisees should refer to other sections of the FDD, such as Item 7, for estimated initial investment costs.