Did Batteries Plus Bulbs have any short-term leases in 2024 and 2023?

According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company's financial statements indicate that the carrying amounts of several financial instruments, including cash, cash equivalents, receivables, prepaid expenses, amounts due to or from marketing funds and franchisees, accounts payable, accrued expenses, the current portion of capital lease obligation, and the current portion of contract liability, approximated fair value as of December 31, 2024, and 2023 due to their short-term nature.

This suggests that Batteries Plus Bulbs manages various assets and liabilities with short-term durations. For a prospective franchisee, this implies that the company routinely deals with financial obligations and assets that turn over relatively quickly. This could reflect efficient working capital management, where short-term assets like receivables are closely matched with short-term liabilities like accounts payable.

However, the document does not explicitly state whether Batteries Plus Bulbs had any short-term leases in 2024 and 2023. While the excerpt mentions 'capital lease obligation', it only indicates that the current portion of this obligation is considered short-term for valuation purposes. To determine if Batteries Plus Bulbs utilized any short-term leases, a prospective franchisee should directly inquire with the franchisor about the specifics of their leasing arrangements during those years.