What was the total amount of royalty fees 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 | |
| Other operating income | |||
| Franchise fees | 1,895 | 1,718 | |
| Royalty fees | 23,305 | 23,060 | |
| Supplier commissions | 8,201 | 6,885 | |
| Marketing fund | 19,776 | 19,854 | |
| Other fees | 8,962 | 8,341 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the total royalty fees for the brand in 2023 were $23,305. This figure is part of the receipts reported in the document. Royalty fees are a standard component of franchise agreements, typically calculated as a percentage of gross sales.
For a prospective Batteries Plus Bulbs franchisee, understanding the royalty fee structure is crucial. This fee contributes to the franchisor's revenue and supports ongoing services such as brand management, training, and operational support. The $23,305 figure provides a benchmark for potential royalty obligations, although actual amounts will vary based on individual store performance and sales volume.
It's important to note that this figure represents the total royalty fees collected across the entire Batteries Plus Bulbs franchise system. Individual franchisees will pay royalties based on their specific sales, as outlined in their franchise agreement. Reviewing the complete financial performance data in Item 23 of the FDD, including gross sales and other fees, will provide a more comprehensive understanding of the financial obligations and potential profitability of a Batteries Plus Bulbs franchise.