What was the total amount of taxes for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating income | 20,352 | 23,243 | |
|---|---|---|---|
| Other expense | |||
| Interest expense | ( 50) | ( 80) | |
| Taxes | ( 3) | 64 | |
| Interest income | 1 | 3 | |
| Other expense, net | ( 77) | ( 49) | |
| NET INCOME | $ 21,345 | $ 20,303 |
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 taxes for the company in 2024 was a deduction of $3. This figure is part of the broader financial overview presented in the document. It is important to note that this figure reflects the company's overall tax situation and not necessarily the tax obligations of individual franchisees.
For a prospective franchisee, this information provides a glimpse into the financial operations of Batteries Plus Bulbs. While the parent company's tax situation may not directly correlate to a franchisee's individual tax liabilities, it can offer insights into the company's financial management and overall profitability. Understanding the tax implications at the corporate level can indirectly inform a franchisee's expectations regarding their own business finances.
It is essential for potential franchisees to consult with financial and tax advisors to understand the specific tax implications of owning and operating a Batteries Plus Bulbs franchise. The FDD provides a snapshot of the company's financial performance, but individual franchisees will need to consider their own unique circumstances and local tax laws to accurately assess their tax obligations.