What was the total number of Batteries Plus Bulbs stores at the start of 2022?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Store Type | Year | Stores at the Start of the Year | Stores at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 590 | 609 | +19 |
| 2023 | 609 | 606 | -3 | |
| 2024 | 606 | 604 | -2 | |
| Company-Owned | 2022 | 112 | 112 | 0 |
| 2023 | 112 | 116 | +4 | |
| 2024 | 116 | 133 | +17 | |
| Total Stores | 2022 | 702 | 721 | +19 |
| 2023 | 721 | 722 | +1 | |
| 2024 | 722 | 737 | +15 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 70–79)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the total number of stores at the start of 2022 was 702. This number includes both franchised and company-owned stores. Specifically, there were 590 franchised stores and 112 company-owned stores at the beginning of 2022.
For a prospective franchisee, this indicates the size and scope of the Batteries Plus Bulbs system at that time. It's important to note the breakdown between franchised and company-owned stores, as this can reflect the company's strategy and relationship with its franchisees. A higher number of franchised stores might suggest a greater emphasis on the franchise model, while a significant number of company-owned stores could indicate a desire to maintain control and direct revenue streams.
It is also useful to compare the number of stores at the start of the year with the number at the end of the year to understand the net change. In 2022, Batteries Plus Bulbs experienced a net increase of 19 stores, bringing the total to 721 by the end of the year. This growth can be an encouraging sign for potential franchisees, suggesting a healthy and expanding system. However, it's crucial to investigate further to understand the reasons behind store openings and closures, as well as the overall financial performance of the system.
Reviewing the trends over multiple years, as presented in the table, provides a more comprehensive view of the brand's growth trajectory. For instance, examining the changes in store numbers for 2023 and 2024 can reveal whether the growth observed in 2022 was sustained or if there were fluctuations. This historical data can help prospective franchisees assess the stability and potential of the Batteries Plus Bulbs franchise system.