What was the value of Batteries Plus Bulbs' leasehold improvements in 2024?
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' 2025 Franchise Disclosure Document, the value of leasehold improvements in 2024 was $5,118. This figure represents the investment Batteries Plus Bulbs has made in physical improvements to leased properties. These improvements revert to the landlord at the end of the lease term.
For a prospective franchisee, understanding the value of leasehold improvements is crucial because it reflects the level of investment Batteries Plus Bulbs makes in its physical locations. Higher leasehold improvements can lead to a better customer experience and operational efficiency. However, franchisees should also consider the depreciation of these improvements over time, as reflected in the accumulated depreciation figures.
It's important to note that leasehold improvements are subject to depreciation, which is accounted for separately. Reviewing the accumulated depreciation alongside the initial value of leasehold improvements provides a clearer picture of the net book value of these assets. This information is useful for assessing the overall financial health and capital expenditure strategy of Batteries Plus Bulbs.