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What is the total of all lease payments for Batteries Plus Bulbs?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer from 2025 FDD Document

5 44,755 | | Total operating lease liabilities | $ 53,927 | $ 50,670 |

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

December 31, 2023 and 2022 (in thousands)

The future rental payments, inclusive of renewal options that have been included in defining the expected lease term, of the

Source: Item 21 — Financial Statements (FDD pages 79–80)

What This Means (2025 FDD)

According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company's total lease payments are detailed in the financial statements. The lease payments are broken down by year, with $6,714 in 2024, $6,664 in 2025, $6,467 in 2026, $6,137 in 2027, and $5,878 in 2028. Lease payments thereafter amount to $28,740 for the next five years and $60,600 beyond that. The total of all lease payments is not explicitly stated, but can be calculated by summing the amounts listed for each period.

It is important to note that the present value of these lease liabilities, after deducting interest, is $53,927. This figure represents the discounted value of the future lease payments, reflecting the time value of money. For a prospective franchisee, understanding the breakdown of these lease obligations is crucial for assessing the financial commitments associated with operating a Batteries Plus Bulbs franchise.

Franchisees should carefully review the lease terms and conditions, including any potential escalations or renewal options, to fully understand their long-term financial obligations. Consulting with a financial advisor is recommended to evaluate the impact of these lease payments on the overall profitability and cash flow of the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.