What was the reported value of software for Batteries Plus Bulbs in the earlier year?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | |||
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | $ 26,197 | $ 1,018 | |
| Accounts receivable, net | 25,763 | 26,516 | |
| Merchandise inventories, net | 48,576 | 61,322 | |
| Prepaid expenses | 4,665 | 4,472 | |
| Due from marketing fund | 1,034 | 1,328 | |
| Note receivable - store sale | - | 541 | |
| Due from franchisees | - | 126 | |
| Total current assets | 106,235 | 95,323 | |
| Property and equipment | |||
| 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 reported value of software in 2023 was $19,918. This figure represents the net book value of software assets owned by Batteries Plus Bulbs as of December 31, 2023. This is part of the company's total property and equipment.
For a prospective franchisee, understanding the value of software assets is important because it reflects the company's investment in technology and its potential impact on operational efficiency. The software could include various applications used for inventory management, point-of-sale systems, customer relationship management, and other business functions. A higher software value might indicate a more technologically advanced system, which could provide a competitive advantage.
It's also worth noting the trend in software value. In 2024, the software value was reported as $23,913. The increase from $19,918 in 2023 to $23,913 in 2024 suggests that Batteries Plus Bulbs is continuing to invest in its software infrastructure. This could be a positive sign for franchisees, as it indicates that the company is committed to improving its technological capabilities and providing better tools for franchisees to manage their businesses effectively.
However, franchisees should also consider the potential costs associated with using and maintaining this software. There may be ongoing licensing fees, maintenance costs, or upgrade expenses that franchisees need to factor into their financial planning. It would be prudent for potential franchisees to inquire about these costs and understand the full scope of the software's financial implications.