What was the total amount of the construction in process for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Furniture, fixtures and equipment | 15,913 | 14,383 |
|---|---|---|
| Vehicles | 1,841 | 1,740 |
| Leasehold improvements | 5,118 | 4,739 |
| Software | 26,733 | 23,913 |
| Finance lease right-of-use assets | 502 50,107 | 220 44,995 |
| Accumulated depreciation | (29,978) | (24,213) |
| Construction in process | 1,196 | 346 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the total amount of construction in process in 2023 was $346. This figure represents the costs incurred for ongoing construction projects that were not yet completed as of the end of the year.
For a prospective franchisee, the "construction in process" line item can provide insights into Batteries Plus Bulbs's investments in its infrastructure and facilities. It reflects the company's commitment to upgrading or expanding its physical assets, which could indirectly benefit franchisees through improved brand image or operational efficiencies.
However, it's important to note that this figure only represents the construction in process at the corporate level and does not reflect any construction or renovation costs that an individual franchisee might incur when setting up their own store. Franchisees should budget separately for these costs, as outlined in other sections of the FDD. Reviewing this figure in conjunction with previous years can reveal trends in Batteries Plus Bulbs's capital expenditures and growth strategy.