What were the total current liabilities for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES AND MEMBER’S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 40,401 | $ 33,297 | |
| Accrued salaries and benefits | 4,928 | 3,618 | |
| Current portion of note payable - store repurchase | 4,050 | - | |
| Accrued warranty | 3,123 | 3,032 | |
| Other accrued expenses | 2,848 | 3,379 | |
| Due to franchisees | 395 | 380 | |
| Current portion of operating lease liabilities | 6,359 | 5,582 | |
| Current portion of finance lease liability | 99 | 44 | |
| Current portion of contract liability | 512 | 1,073 | |
| Total current liabilities | 62,715 | 50,405 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the company's total current liabilities in 2023 were $50,405. Current liabilities represent the company's obligations due within one year, including accounts payable, accrued expenses, and the current portions of lease liabilities.
For a prospective franchisee, understanding the current liabilities of Batteries Plus Bulbs is crucial as it provides insight into the company's short-term financial health and obligations. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Conversely, a manageable level of current liabilities suggests financial stability.
It is important to note that this figure reflects the liabilities of the franchisor, Batteries Plus Bulbs, itself, and not the liabilities of individual franchise units. Franchisees will have their own separate financial obligations related to operating their specific locations. Reviewing the franchisor's financial statements helps potential franchisees assess the overall financial health of the company they are considering joining.