What was the total amount of other assets for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net | 35,709 | 25,051 | |
|---|---|---|---|
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total amount of other assets in 2024 was $303,996. This figure is part of the company's consolidated balance sheet, reflecting the cumulative value of assets not classified as current assets or property and equipment. These 'other assets' include goodwill, net of amortization, other intangible assets, net, operating lease right-of-use assets, net, and notes receivable.
For a prospective franchisee, understanding the composition and value of these other assets is crucial. Goodwill, often arising from acquisitions, represents the intangible value of the Batteries Plus Bulbs brand and customer relationships. Intangible assets, such as patents or trademarks, contribute to the long-term value of the company. Operating lease right-of-use assets reflect the value of leased properties used in the business. Notes receivable represent money owed to Batteries Plus Bulbs.
The total value of other assets can impact a franchisee's investment and the overall financial health of Batteries Plus Bulbs. A high value in this category suggests a strong brand, valuable intangible assets, and potentially significant revenue streams from leased operations. However, franchisees should also be aware of the potential risks associated with intangible assets, such as impairment or amortization, which can affect the company's profitability.
It is important for potential franchisees to review the complete balance sheet and related financial statements in the FDD to gain a comprehensive understanding of Batteries Plus Bulbs' financial position. Consulting with a financial advisor is recommended to assess the implications of these assets on the franchisee's investment decision.