What was the total value of Batteries Plus Bulbs' total current liabilities in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
subject to the achievement of specific operational targets by the repurchased stores, subsequent to the acquisition. If achieved, $600 of the earnout liability will be paid in 2025 and $400 will be paid in 2026. The contingent earnout liabilities are recorded with the notes payablestore repurchase on the consolidated balance sheets.
During 2023, Batteries Plus acquired the operating assets of four franchised stores using available cash on-hand. Batteries Plus now op
Source: Item 21 — Financial Statements (FDD pages 79–80)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company acquired the operating assets of four franchised stores in 2023. As part of these acquisitions, the FDD mentions a decrease of $146,000 to current liabilities. This figure represents the fair value of liabilities assumed during the store acquisitions.
It is important to note that this figure only reflects the change in current liabilities due to these specific acquisitions. It does not represent the total current liabilities for Batteries Plus Bulbs as a whole in 2023. The FDD excerpt focuses solely on the liabilities assumed during these particular transactions, not the overall liabilities of the company.
To determine the total current liabilities for Batteries Plus Bulbs in 2023, a prospective franchisee should consult the company's full financial statements. These statements would provide a comprehensive view of all liabilities, including accounts payable, accrued expenses, and other short-term obligations. Reviewing these statements is essential for understanding the company's overall financial health and stability.