What was the total amount of current liabilities for Batteries Plus Bulbs in 2024?

According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the total current liabilities for the company in 2024 were $62,715. Current liabilities are obligations due within one year, reflecting the company's short-term financial obligations.

Specifically, these liabilities include accounts payable, which amounted to $40,401 in 2024, accrued salaries and benefits totaling $4,928, and the current portion of note payable for store repurchase at $4,050. Other components of current liabilities are accrued warranty ($3,123), other accrued expenses ($2,848), due to franchisees ($395), current portion of operating lease liabilities ($6,359), current portion of finance lease liability ($99), and the current portion of contract liability ($512).

Understanding the composition and amount of current liabilities is crucial for prospective franchisees. It provides insight into Batteries Plus Bulbs's short-term financial health and its ability to meet its immediate obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Therefore, potential franchisees should analyze these figures carefully and compare them to industry benchmarks to assess the financial stability of Batteries Plus Bulbs.