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What was the total operating income for Batteries Plus Bulbs in 2024?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer from 2025 FDD Document

Current assets
Cash and cash equivalents $ 10,716 $ 26,197
Accounts receivable, net 29,858 25,763
Merchandise inventories, net 56,393 48,576
Prepaid expenses 4,426 4,665
Due from marketing fund 668 1,034
Total current assets 102,061 106,235
Property and equipment
Furniture, fixtures and equipment 15,913 14,383
Vehicles 1,841 1,740
Leasehold improvements 5,118 4,739
Software 26,733 23,913
Finance lease right-of-use assets 502 50,107 220 44,995
Accumulated depreciation (29,978) (24,213)
Construction in process 1,196 346
Total property and equipment 21,325 21,128
Other assets
Goodwill, net 35,709 25,051
Other intangible assets, net 210,372 225,292
Operating lease right-of-use assets, net 57,761 52,047
Notes receivable 154 184
Total other assets 303,996 302,574
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
Non-current liabilities
Finance lease liability, less current portion 275 131
Contract termination 188 172
Note payable - store repurchase 400 -
Contract liability, less current portion 8,223 7,319
Operating lease liabilities, less current portion 53,596 48,345
Total non-current liabilities 62,682 55,967
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
Cost of merchandise sold 173,661 160,260
Gross profit 114,635 108,340
Other operating income
Franchise fees 1,647 1,895
Royalty fees 23,377 23,305
Supplier commissions 7,940 8,201
Marketing fund 25,069 19,776
Other fees 9,256 8,962
67,289 62,139
Operating expenses
Selling and delivery 12,494 11,435
Occupancy 11,047 10,130
General and administrative 90,186 86,987
Advertising 2,078 2,702
Marketing fund 23,912 18,625
Depreciation
5,865 5,328
Amortization 14,920 160,502 14,920 150,127
Operating income 21,422 20,352

Source: Item 23 — Receipts (FDD pages 80–279)

What This Means (2025 FDD)

According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the operating income for the company in 2024 was $21,422. This figure represents the income earned from the company's core business operations before accounting for other expenses like interest and taxes. For a prospective franchisee, operating income is a key indicator of the underlying profitability of the Batteries Plus Bulbs business model. It reflects the brand's ability to generate revenue and manage operating expenses effectively.

Understanding the components that contribute to operating income, such as merchandise sales, franchise fees, and operating expenses, can provide valuable insights. In 2024, Batteries Plus Bulbs had merchandise sales of $288,296 and total operating expenses of $160,502. Franchisees should analyze these figures in detail to assess the potential for revenue generation and cost control in their own franchise locations. Reviewing these figures over multiple years, as presented in the FDD, can reveal trends and stability in the company's financial performance.

It's important to note that the operating income presented in the FDD reflects the performance of the overall Batteries Plus Bulbs company, not necessarily the performance of an individual franchise. A franchisee's actual operating income will depend on factors such as location, local market conditions, and the franchisee's management skills. Therefore, prospective franchisees should conduct their own due diligence and financial analysis to determine the potential profitability of a Batteries Plus Bulbs franchise in their specific circumstances.

Furthermore, prospective franchisees should compare Batteries Plus Bulbs's operating income to that of other franchise systems in the same industry to benchmark its financial performance. They should also consider the initial investment required to open a franchise and the ongoing royalty and marketing fees to determine the overall return on investment. Consulting with financial advisors and existing franchisees can provide additional insights into the financial aspects of owning a Batteries Plus Bulbs 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.
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