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Highlights of Batteries Plus’ Item 19 Financial Performance Representations (2012 FDD) – Part 4
II. Unaudited Statement of Net Revenue, Expenses, and EBITDA for Company-Owned Stores Owned and Operated for 5 Years or More
- The following statement is based on information reported in 2011 by 15 Stores that were owned and operated by the franchiser (the “Company-Owned Stores”) for 5 years or more as of December 31, 2011.
- As of December 31, 2011, there were 33 Company-Owned Stores. The following statement is based on information for only 15 Company-Owned Stores, however, as the franchiser did not own and operate 18 of the 33 Stores for the entire 5 year period ended December 31, 2011.
Net Revenue: $1,089,897 (100%). Net Revenue means all revenues received from the sale of goods and services, whether for cash or by check, credit card, or trade, in connection with the Store, less sales tax, discounts, and customer refunds and returns. Of the 15 Company-Owned Stores, 7 Stores (47%) met or exceeded the average Net Revenue.
Cost of Goods Sold: $520,581 (48%). Cost of Goods Sold includes all product costs, including the cost of the product, discounts earned, cost of customer repairs, recycling charges, restocking fees, purchase price variances, redistribution costs, core recovery, inventory shrinkage, tech center supplies, freight in, warranty expense, bulb breakage, coupon discrepancy, and inventory scrap.
Gross Profit: $569,316 (52%). Net Revenue less Cost of Goods Sold.