What was the total amount of non-current liabilities for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Finance lease liability, less current portion | 275 | 131 | |
|---|---|---|---|
| Contract termination | 188 | 172 | |
| Note payable - store repurchase | 400 | - | |
| Contract liability, less current portion | 8,223 | 7,319 | |
| Operating lease liabilities, less current portion | 53,596 | 48,345 | |
| Total non-current liabilities | 62,682 | 55,967 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total non-current liabilities for the company in 2024 were $62,682. This figure represents obligations not expected to be settled within the next 12 months.
Breaking down the non-current liabilities, the document lists several components. Finance lease liability, less the current portion, was $275. Contract termination costs accounted for $188. The contract liability, less the current portion, was $8,223. The most significant portion of non-current liabilities was attributed to operating lease liabilities, less the current portion, which amounted to $53,596. Additionally, there was a note payable for store repurchase of $400.
Understanding the composition of these liabilities is crucial for prospective franchisees. Operating lease liabilities typically relate to long-term leases for store locations, while contract liabilities may arise from deferred revenue or other contractual obligations extending beyond the current year. Finance lease liabilities pertain to leased assets that are treated as owned for accounting purposes. These figures provide insight into the long-term financial obligations of Batteries Plus Bulbs, which can be a key factor in assessing the financial health and stability of the franchise system.