Until what year do Batteries Plus Bulbs' non-cancellable operating leases expire?

According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the company leases retail stores, a warehouse facility, administrative offices, and equipment under non-cancellable operating leases. These leases expire at various dates through 2041. This means that Batteries Plus Bulbs has lease obligations extending many years into the future.

For a prospective franchisee, this information is crucial because the financial health of Batteries Plus Bulbs is tied to these long-term lease commitments. Understanding the nature and extent of these lease obligations can provide insight into the company's financial stability and its ability to support its franchisees. The fact that Batteries Plus Bulbs is generally required to pay real estate taxes and other costs for the leased facilities is also relevant, as these costs can impact the overall profitability of the company and, by extension, its franchisees.

It's important to note that the specific terms and conditions of these leases, such as the exact expiration dates for individual locations and the associated costs, are not detailed in this excerpt. A prospective franchisee should seek further clarification from Batteries Plus Bulbs regarding the lease obligations and how they might affect the franchisee's business operations and financial performance. Understanding these long-term commitments is a key part of assessing the overall risk and opportunity associated with investing in a Batteries Plus Bulbs franchise.