What was the total amount of 'Goodwill, net' for Batteries Plus Bulbs in 2024?

According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total amount of 'Goodwill, net' listed on the balance sheet as of December 31, 2024, was $35,709. This figure represents the intangible asset arising from the acquisition of another business. Goodwill is the portion of the purchase price that exceeds the fair value of identifiable net assets acquired.

For a prospective franchisee, understanding goodwill is important because it reflects the financial health and acquisition strategy of Batteries Plus Bulbs. A higher goodwill value might indicate aggressive acquisitions or a strong brand reputation, while a significant decrease in goodwill could signal impairment or write-downs, potentially affecting the company's overall financial stability.

It is important to note that goodwill is subject to impairment testing, and if the fair value of the reporting unit declines below its carrying amount, an impairment loss may be recognized, which could impact Batteries Plus Bulbs' profitability. Therefore, monitoring changes in goodwill over time can provide insights into the company's performance and risk profile.