What was the total value of furniture, fixtures, and equipment for Batteries Plus Bulbs in 2022?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Property and equipment | ||
| Furniture, fixtures and equipment | 14,383 | 12,240 |
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the total value of furniture, fixtures, and equipment in 2022 was $12,240. This figure represents the original cost of these assets before accounting for depreciation. These assets are essential for operating a Batteries Plus Bulbs franchise, and this value provides a sense of the capital investment in physical assets required to run the business.
For a prospective franchisee, understanding the value of furniture, fixtures, and equipment is crucial for assessing the overall financial health and capital structure of Batteries Plus Bulbs. This information, combined with accumulated depreciation, helps in evaluating the net book value of these assets, which impacts the franchisee's balance sheet and potential resale value. It also informs decisions about equipment maintenance, replacement, and potential upgrades.
It's important to note that this value does not reflect the current market value of the furniture, fixtures, and equipment. The actual value may be higher or lower depending on factors such as wear and tear, technological obsolescence, and market demand. Therefore, a franchisee should consider these factors when evaluating the financial implications of these assets.
Furthermore, the FDD also lists the value of vehicles, leasehold improvements, and software, which, along with furniture, fixtures, and equipment, contribute to the total property and equipment value. In 2022, the total property and equipment before accumulated depreciation was $38,610. Understanding the composition and value of these assets is vital for a comprehensive financial analysis of a Batteries Plus Bulbs franchise.