What was the total amount of 'Gross profit' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Merchandise sales | $ 268,600 | $ 283,671 | |
| Cost of merchandise sold | 160,260 | 171,838 | |
| Gross profit | 108,340 | 111,833 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the total gross profit for the company in 2023 was $108,340. This figure is derived from the difference between merchandise sales of $268,600 and the cost of merchandise sold, which was $160,260 in 2023.
Gross profit is a key indicator of a company's profitability from its core business activities, without considering other operating income or expenses. For a prospective Batteries Plus Bulbs franchisee, understanding the gross profit margin is crucial as it reflects the efficiency of managing the cost of goods sold in relation to sales. A higher gross profit margin allows for more funds to cover operating expenses and generate net income.
It's important to note that this gross profit figure does not represent the profit of an individual franchise location, but rather the overall gross profit for Batteries Plus Bulbs as a whole. Individual franchise performance can vary based on location, management, and local market conditions. Therefore, while this provides a general benchmark, prospective franchisees should conduct their own due diligence to project potential profitability for their specific location.