What was the total amount of current liabilities for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 | |
| Total current liabilities | 50,405 | 44,649 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the company's total current liabilities in 2023 were $50,405. Current liabilities are obligations due within one year, reflecting the company's short-term financial obligations. These liabilities include accounts payable, accrued salaries and benefits, the current portion of notes payable for store repurchases, accrued warranty, other accrued expenses, amounts due to franchisees, the current portion of operating lease liabilities, the current portion of finance lease liability, and the current portion of contract liability.
A prospective franchisee should understand the composition and magnitude of these liabilities, as they indicate the immediate financial obligations of Batteries Plus Bulbs. Monitoring these liabilities can provide insights into the company's financial management and its ability to meet short-term obligations. Significant fluctuations in these figures from year to year could signal changes in the company's operational practices or financial health.
For a potential franchisee, this information is crucial for assessing the financial stability of Batteries Plus Bulbs. Understanding the nature and amount of current liabilities helps in evaluating the company's ability to manage its short-term debts and maintain smooth operations. It is advisable for prospective franchisees to compare these figures with industry benchmarks and to seek clarification from the franchisor regarding any significant changes or trends in these liabilities.