What was the total amount of 'Notes receivable' 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's 2025 Franchise Disclosure Document, the total amount of Notes receivable in 2023 was $184. This figure is part of the company's assets, specifically categorized under 'Other assets'.
Notes receivable represent amounts owed to Batteries Plus Bulbs, typically from loans or credit extended to others. For a prospective franchisee, this indicates the company's involvement in financing activities, though the relatively small amount suggests it is not a primary business function. It is important to note that this amount is a snapshot at the end of the fiscal year and may fluctuate throughout the year.
Franchisees should consider this figure in the context of the overall financial health of Batteries Plus Bulbs. While $184 is a small portion of the total assets, understanding the nature of these notes and the company's practices in extending credit can provide insights into their risk management and financial strategies. Reviewing trends in notes receivable over several years could also reveal patterns or changes in the company's financial activities.