What was the total value of prepaid expenses for Batteries Plus Bulbs in 2022?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
atteries Plus acquired the operating assets of four franchised stores using available cash on-hand. Batteries Plus now operates these locations as Batteries Plus operated stores. The allocation of the $1,991 purchase price was based on the fair value of the assets acquired and liabilities assumed, which is summarized as follows: $495 to inventory, $216 to property and equipment, $3 to other assets, $1,423 to goodwill, and ($146) to current liabilities.
During 2022, Batteries Plus acquired the operating assets of six franchised stores and one warehouse. Batteries Plus now operates these locations as Batteries Plus operated stores. The allocation of the $3,292 purchase price was based on the fair value of the assets acquired and liabilities assumed, which is summarized
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information provided does not include the total value of prepaid expenses for Batteries Plus Bulbs in 2022. However, the document does detail specific instances where prepaid expenses were allocated during the acquisition of franchised stores.
Specifically, when Batteries Plus Bulbs acquired the operating assets of six franchised stores and one warehouse in 2022, $10,000 was allocated to other assets as part of the purchase price allocation. Additionally, when Batteries Plus acquired seventeen franchised stores and two warehouses in 2024, $51,000 was allocated to prepaid expenses. These figures relate to specific acquisitions rather than the overall prepaid expenses for the company in a given year.
To determine the total value of prepaid expenses for Batteries Plus Bulbs in 2022, a prospective franchisee should consult the complete financial statements within the FDD or directly ask the franchisor for this information. Understanding the total prepaid expenses can provide a more comprehensive view of the company's financial health and operational costs.