What was the total amount of 'Due to franchisees' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS Current assets Cash and cash equivalents $ Accounts receivable, net Merchandise inventories, net Prepaid expenses Due from marketing fund | 10,716 29,858 56,393 4,426 668 102,061 | $ 26,197 25,763 48,576 4,665 |
|---|---|---|
| 1,034 | ||
| Total current assets | 106,235 | |
| Property and equipment | ||
| 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 | 220 |
| 50,107 | 44,995 | |
| Accumulated depreciation | (29,978) | (24,213) |
| Construction in process | 1,196 | 346 |
| Total property and equipment | 21,325 | 21,128 |
| Other assets | ||
| 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 |
| $ Total assets | 427,382 | $ 429,937 |
| LIABILITIES AND MEMBER'S EQUITY | ||
| Current liabilities | ||
| Accounts payable | 40,401 | $ 33,297 |
| $ | ||
| Accrued salaries and benefits | 4,928 | 3,618 |
| Current portion of note payable - store repurchase | 4,050 | - |
| Accrued warranty | 3,123 | 3,032 |
| Other accrued expenses | 2,848 | 3,379 |
| Due to franchisees | 395 | 380 |
| Current portion of operating lease liabilities | 6,359 | 5,582 |
| Current portion of finance lease liabili |
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 listed as 'Due to franchisees' in 2023 was $380. This figure represents the amount Batteries Plus Bulbs owed to its franchisees at a specific point in time, likely December 31, 2023, as it appears on the balance sheet.
This liability signifies that Batteries Plus Bulbs had an outstanding financial obligation to its franchisees. This could arise from various reasons such as rebates, refunds, or other financial settlements that were yet to be paid out to the franchisees as of the end of the fiscal year.
For a prospective franchisee, this number by itself is less significant than understanding the overall trend and the reasons behind these dues. A consistent and increasing 'Due to franchisees' amount might indicate potential issues in the financial relationship between Batteries Plus Bulbs and its franchisees, or it could simply reflect growth in the franchise system. It would be prudent for potential franchisees to inquire about the nature of these liabilities and how they are typically managed and resolved by Batteries Plus Bulbs.