What was the value of Batteries Plus Bulbs' vehicles 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 vehicles in 2023 was $1,740. This figure represents the net book value of all vehicles owned by the company as of December 31, 2023, after accounting for accumulated depreciation.
For a prospective franchisee, this indicates that Batteries Plus Bulbs does own vehicles as part of its operations, though the relatively low value suggests these may be older or fewer in number. It's important to note that this value reflects the company's owned vehicles and doesn't include any leased vehicles, which are accounted for separately as right-of-use assets.
A potential franchisee might want to inquire about the types of vehicles Batteries Plus Bulbs owns, their usage, and replacement policies. Understanding the vehicle-related expenses, such as maintenance, fuel, and insurance, would also be beneficial in assessing the overall operational costs. Furthermore, it would be prudent to understand if franchisees are required to own or lease vehicles as part of their franchise agreement and what the typical vehicle-related costs are for a franchise location.