What was the total amount of property and equipment for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| -------------------------------------- | ------------------------------------------------------- | ------------------------------------------- |
|---|---|---|
| 1,034 | ||
| Total current assets | 106,235 | |
| Property and equipment | ||
| Furniture, fixtures and equipment | 15,913 | 14,383 |
| Vehicles | 1,841 | 1,740 |
| Leasehold improvements | 5,118 | 4,739 |
| Software | 26,733 | 23,913 |
| Finance lease right-of-use assets | 502 | 220 |
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 property and equipment for the company in 2024 was $21,325. This figure represents the net value of the company's furniture, fixtures, vehicles, leasehold improvements, software, and finance lease right-of-use assets, after accounting for accumulated depreciation and construction in progress.
Specifically, the components contributing to the $21,325 total include furniture, fixtures and equipment valued at $15,913, vehicles at $1,841, leasehold improvements at $5,118, and software at $26,733. Additionally, finance lease right-of-use assets are listed at $502, construction in process at $1,196, and accumulated depreciation is reported as a reduction of $(29,978). These assets are crucial for Batteries Plus Bulbs's operations, enabling them to conduct daily business activities and serve customers.
For a prospective franchisee, understanding the composition and valuation of these assets is important. It provides insight into the capital investments Batteries Plus Bulbs has made in its infrastructure and technology. Reviewing these figures can help a franchisee assess the company's financial health and its commitment to maintaining and upgrading its operational resources. It's also worth noting the depreciation, as it reflects the wear and tear on assets over time, which may eventually require replacement or upgrades.