What are the total minimum finance lease payments for Batteries Plus Bulbs projected for 2025?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| ROU assets | $ | 220 | $ | 786 | ||
|---|---|---|---|---|---|---|
| Accumulated amortization | (47) | (442) | ||||
| Finance lease ROU assets | $ | 173 | $ | 344 | ||
| Liabilities Current portion of finance lease liabilities Finance lease liabilities, less current portion | $ | 44 131 | $ | 100 - | ||
| Total finance lease liabilities | $ | 175 | $ | 100 |
Following is a schedule of future minimum lease payments
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs FDD, the total minimum finance lease payments projected for 2025 are $52. This figure is part of a schedule of future minimum lease payments under finance leases.
This projection is based on the net minimum lease payments as of December 31, 2024. The schedule also includes projections for subsequent years, as well as the total lease payments, imputed interest, and the present value of future minimum lease payments.
As a prospective franchisee, it's important to understand the context of these lease payments. They likely relate to leases for equipment, vehicles, or other assets necessary to operate the Batteries Plus Bulbs business. Reviewing the complete schedule and understanding the terms of the underlying leases is crucial for assessing the financial obligations associated with the franchise.