What was the value of the 'Construction in process' property and equipment for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| -------------------------------------- | ------------------------------------------------------- | ------------------------------------------- |
|---|---|---|
| 1,034 | ||
| Total current assets | 106,235 | |
| Property and equipment | ||
| Furniture, fixtures and equipment | 15,913 | 14,383 |
| Vehicles | 1,841 | 1,740 |
| Leasehold improvements | 5,118 | 4,739 |
| Software | 26,733 | 23,913 |
| Finance lease right-of-use assets | 502 | 220 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the value of 'Construction in process' within the property and equipment category was $346 in 2023. This figure represents the costs incurred for assets that are not yet ready for their intended use as of the end of that year.
For a prospective franchisee, this indicates the level of investment Batteries Plus Bulbs was making in new or ongoing construction projects related to property and equipment. It's a relatively small portion of their total property and equipment value, which was $21,128 in 2023.
Franchisees may want to inquire about what specific projects comprised this 'Construction in process' value. Understanding the nature of these projects can provide insight into the company's growth strategy and potential future capital expenditures. It's also worth noting that this value increased from $346 in 2023 to $1,196 in 2024, which could signal increased investment in this area.