What was the total amount of 'Contract termination' liability for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER’S EQUITY | |||
|---|---|---|---|
| Non-current liabilities | |||
| Finance lease liability, less current portion | 275 | 131 | |
| Contract termination | 188 | 172 | |
| Note payable - store repurchase | 400 | - | |
| Contract liability, less current portion | 8,223 | 7,319 | |
| Operating lease liabilities, less current portion | 53,596 | 48,345 | |
| Total non-current liabilities | 62,682 | 55,967 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total 'Contract termination' liability in 2024 was $188. This figure is listed under the 'Non-current liabilities' section of the balance sheet.
This liability represents an estimate of the costs Batteries Plus Bulbs anticipates incurring due to potential contract terminations. For a prospective franchisee, this number by itself doesn't have an immediate direct impact. However, it is an indicator of the financial risks and obligations Batteries Plus Bulbs faces as a franchisor.
Franchisees should consider this information in the context of the overall financial health of Batteries Plus Bulbs. A consistently increasing contract termination liability might suggest growing disputes or instability within the franchise system, while a stable or decreasing liability could indicate effective franchise relations and contract management.