What was the total amount of 'Total property and equipment' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer 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 |
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 property and equipment for 2023 was $21,128. This figure represents the net value of the company's physical assets, including furniture, fixtures, vehicles, leasehold improvements, and software, after accounting for accumulated depreciation. It provides a snapshot of the tangible resources Batteries Plus Bulbs owns and uses to operate its business.
For a prospective franchisee, understanding the composition and value of property and equipment is crucial. It reflects the scale of investment in physical assets required to run the franchise. The depreciation component indicates the wear and tear on these assets over time, which could influence future capital expenditure needs. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends in asset management and investment.
It's important to note that this figure represents the total for Batteries Plus Bulbs as a whole, not the investment required for a single franchise location. A franchisee's initial investment in property and equipment will depend on factors such as store size, location, and lease terms. Therefore, while this information provides a general overview, prospective franchisees should focus on the specific investment requirements outlined in other sections of the FDD and their individual business plans.