What was the total amount of 'Total non-current liabilities' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 non-current liabilities for the company in 2023 were $55,967. Non-current liabilities are obligations that are not expected to be settled within one year.
These liabilities consist of several components. Specifically, they include finance lease liability less current portion which was $131, contract termination at $172, contract liability less current portion at $7,319, and operating lease liabilities less current portion which was $48,345.
Understanding the composition and amount of non-current liabilities is crucial for prospective franchisees. It provides insight into the long-term financial obligations of Batteries Plus Bulbs, which can impact the financial stability and future performance of the company. Franchisees should consider these liabilities when assessing the overall financial health of the franchisor.