What was the value of Batteries Plus Bulbs' software 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 their software in 2023 was $23,913. This figure represents the net book value of the software assets owned by Batteries Plus Bulbs as of December 31, 2023.
For a prospective franchisee, this indicates the level of investment Batteries Plus Bulbs has made in its software systems. These systems are likely used for various aspects of the business, such as point-of-sale, inventory management, customer relationship management, and other operational functions. The software's value is depreciated over its useful life, reflecting its wear and tear and obsolescence.
It's important to note that this value is based on Batteries Plus Bulbs' accounting practices and may not reflect the actual market value or replacement cost of the software. A potential franchisee should inquire about the specific software systems used, their functionality, and any ongoing costs associated with their maintenance and upgrades. Understanding the role and importance of these software systems is crucial for assessing the overall technology infrastructure and support provided by Batteries Plus Bulbs.