What was the 'Taxes' expense for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating income | 20,352 | 23,243 | |
|---|---|---|---|
| Other expense | |||
| Interest expense | ( 50) | ( 80) | |
| Taxes | ( 2) | 64 | |
| Interest income | 3 | 3 | |
| Other expense, net | ( 49) | ( 13) | |
| NET INCOME | $ 20,303 | $ 23,230 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the 'Taxes' expense for the company in 2023 was ($2). This figure is presented as part of the company's other expenses and income, which also includes interest expense and interest income. These values contribute to the calculation of the company's net income for the year.
For a prospective franchisee, understanding these figures provides insight into the financial performance of Batteries Plus Bulbs. While the tax expense appears minimal, it's important to consider it in the context of overall profitability and other expenses. Franchisees should investigate further to understand what taxes are included in this line item and how they might vary at the franchise level.
It is also important to note that this figure represents the tax expense for Batteries Plus Bulbs as a whole and may not directly reflect the specific tax obligations a franchisee will face. Franchisees should consult with a financial advisor to understand their potential tax liabilities and how they might impact their business's profitability. Understanding these nuances is crucial for making informed financial decisions when operating a Batteries Plus Bulbs franchise.