What was the total amount of 'Other intangible assets, net' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 of 'Other intangible assets, net' for the company in 2023 was $225,292. This figure represents the net value of intangible assets, such as contract rights, trade names, and customer relationships, after accounting for accumulated amortization and impairment.
For a prospective franchisee, understanding the composition and valuation of these intangible assets is crucial. These assets contribute to the overall brand strength and market position of Batteries Plus Bulbs. The value of 'Other intangible assets, net' can fluctuate based on factors like amortization, impairment, and the acquisition of new intangible assets.
It's important to note that intangible assets are not physical and their value is often subjective, based on accounting standards and management's estimates. Franchisees should inquire about the specific types of intangible assets included in this category and how their values are determined. Understanding the amortization schedule and any potential risks of impairment can provide a clearer picture of the company's financial health and long-term prospects.