What was the total amount of 'Total other assets' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill, net | 25,051 | 23,628 | |
|---|---|---|---|
| Other intangible assets, net | 225,292 | 240,212 | |
| Operating lease right-of-use assets, net | 52,047 | 49,306 | |
| Notes receivable | 184 | 213 | |
| Total other assets | 302,574 | 313,359 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total other assets for the company in 2023 amounted to $302,574. This figure is a component of the company's overall assets, which totaled $429,937 in 2023.
'Total other assets' typically include items that are not easily classified as current assets or property and equipment. In the case of Batteries Plus Bulbs, these assets consist of goodwill, net other intangible assets, net operating lease right-of-use assets, and notes receivable. Goodwill represents the intangible value of the company beyond its tangible assets, while other intangible assets may include items like patents, trademarks, and franchise agreements. Operating lease right-of-use assets reflect the value of the company's right to use leased properties, and notes receivable are amounts owed to the company by others.
For a prospective franchisee, understanding the composition and value of these 'other assets' can provide insights into the overall financial health and stability of Batteries Plus Bulbs. A significant portion of these assets being tied up in intangible assets suggests that the brand's reputation, market position, and long-term agreements are critical to its value. Monitoring changes in these asset values over time can also indicate the company's growth trajectory and potential risks.