What was the total value of other assets for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 value of other assets in 2024 was $303,996. This figure is comprised of several components, including goodwill, net of $35,709, other intangible assets, net of $210,372, operating lease right-of-use assets, net of $57,761, and notes receivable of $154.
For a prospective franchisee, understanding the composition of these 'other assets' is crucial. Goodwill often represents the value of the Batteries Plus Bulbs brand and customer relationships. Intangible assets could include patents, trademarks, or proprietary technology. Operating lease right-of-use assets reflect the value of leased properties. Notes receivable are amounts owed to Batteries Plus Bulbs.
The difference between the 2023 and 2024 figures can also be insightful. In 2023, the total value of other assets was $302,574. The increase of $1,422 in 2024 could be due to changes in the valuation of goodwill, intangible assets, or operating leases. Reviewing these figures helps potential franchisees assess the overall financial health and stability of Batteries Plus Bulbs.