What was the 'Total member’s equity at beginning of year' for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Member’s equity | 301,985 | 323,565 | |
|---|---|---|---|
| Total liabilities and member’s equity 2024 | $ 4 27,382 2023 | $ 4 29,937 | |
| Merchandise sales | $ 288,296 | $ 268,600 |
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 member's equity at the beginning of the year (2024) was $323,565. This figure represents the net worth of the company from a member's equity perspective at the start of the fiscal year.
Member's equity is a crucial indicator of the financial health of Batteries Plus Bulbs. It reflects the residual value of assets after deducting liabilities. A higher equity suggests a stronger financial position, indicating that the company has more assets than debts from the perspective of its members or owners. This can be reassuring for potential franchisees as it implies stability and a lower risk of financial distress.
For a prospective Batteries Plus Bulbs franchisee, this number provides insight into the overall capitalization and financial structure of the company. While this is just one data point, it can be considered alongside other financial metrics to assess the financial viability and stability of the franchise system. It is important to note that this equity is for the overall company and not specific to individual franchise locations.