What was the total amount of 'Taxes' expense 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 | ( 2) | 64 | |
| Interest income | 3 | 3 | |
| Other expense, net | ( 49) | ( 13) | |
| NET INCOME | $ 20,303 | $ 23,230 |
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 'Taxes' expense for the company in 2024 was $(3). This figure appears within the context of the company's other expenses and income, ultimately contributing to the net income calculation.
For a prospective franchisee, this number represents the tax expense incurred by Batteries Plus Bulbs itself, not the tax obligations of an individual franchise location. However, it provides insight into how taxes factor into the overall financial performance of the company. Franchisees will need to account for their own local, state, and federal tax liabilities as separate business expenses.
It's important to note that this figure represents an expense, indicated by the parentheses. While seemingly small, understanding all expense categories helps potential franchisees appreciate the various factors impacting the financial health of Batteries Plus Bulbs. Reviewing these figures in comparison to previous years and alongside other income and expense items can provide a more comprehensive understanding.