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What was the total amount spent on general and administrative expenses for Batteries Plus Bulbs in 2024?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer from 2025 FDD Document

Current assets
Cash and cash equivalents $ 10,716 $ 26,197
Accounts receivable, net 29,858 25,763
Merchandise inventories, net 56,393 48,576
Prepaid expenses 4,426 4,665
Due from marketing fund 668 1,034
Total current assets 102,061 106,235
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 50,107 220 44,995
Accumulated depreciation (29,978) (24,213)
Construction in process 1,196 346
Total property and equipment 21,325 21,128
Other assets
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
LIABILITIES AND MEMBER’S EQUITY
Current liabilities
Accounts payable $ 40,401 $ 33,297
Accrued salaries and benefits 4,928 3,618
Current portion of note payable - store repurchase 4,050 -
Accrued warranty 3,123 3,032
Other accrued expenses 2,848 3,379
Due to franchisees 395 380
Current portion of operating lease liabilities 6,359 5,582
Current portion of finance lease liability 99 44
Current portion of contract liability 512 1,073
Total current liabilities 62,715 50,405
Non-current liabilities
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
Member’s equity 301,985 323,565
Total liabilities and member’s equity 2024 $ 4 27,382 2023 $ 4 29,937
Merchandise sales $ 288,296 $ 268,600
Cost of merchandise sold 173,661 160,260
Gross profit 114,635 108,340
Other operating income
Franchise fees 1,647 1,895
Royalty fees 23,377 23,305
Supplier commissions 7,940 8,201
Marketing fund 25,069 19,776
Other fees 9,256 8,962
67,289 62,139
Operating expenses
Selling and delivery 12,494 11,435
Occupancy 11,047 10,130
General and administrative 90,186 86,987

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 general and administrative expenses for the company in 2024 were $90,186. This figure reflects the costs associated with managing the business, including salaries for administrative staff, office expenses, and other overhead costs.

For a prospective franchisee, understanding the general and administrative expenses is crucial as it provides insight into the operational efficiency and cost management of Batteries Plus Bulbs. While franchisees do not directly pay these corporate expenses, the franchisor's ability to manage these costs can impact the overall financial health and stability of the franchise system, which indirectly affects franchisees.

It's important to note that this figure represents the expenses at the corporate level and does not include the individual operating expenses of a franchise location. Franchisees will have their own general and administrative costs to manage, which will vary depending on location, staffing, and other factors. Reviewing these figures in conjunction with other financial data in the FDD can help potential franchisees assess the financial viability of a Batteries Plus Bulbs franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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