- 2023 Franchise 500 Rank
-
#351Ranked #404 last year
- Initial investment
-
$197K - $466K
- Units as of 2023
-
731 3.7% over 3 years
Batteries Plus is one of the largest battery, phone, tablet, light bulb, and fob repair franchises in the United States. Founded in 1988 and based in Hartland, Wisconsin, this franchise operates over 600 U.S. and Puerto Rico locations.
Batteries Plus is one of the first enterprises to effectively respond to the growing battery replacement market and its evolving needs. As a Batteries Plus franchisee, you'll be providing in-store battery replacements, tablet and phone repair, lighting bulb sales, and much more. You'll have access to thousands of battery types, device screens, bulbs, and accessories provided to offer retail, commercial, or government customers whatever they may need.
Why You May Want to Start a Batteries Plus Franchise
Batteries Plus strives to carry exceptional national brands, from batteries covering all applications and standard types to specialty function light bulbs. Batteries Plus stocks hard-to-find products, utilizing business practices with expert know-how to provide quality customer service.
Many industries may rely on Batteries Plus, including healthcare, construction, military, and hospitality. Batteries Plus repairs many phones, tablets, gaming consoles, and e-reader batteries in less than an hour, with their on-site locations available nationwide.
Offering multiple services in one place may make opening a Batteries Plus franchise a unique opportunity, as it could serve as a one-stop-shop solution for consumers. As a franchisee, you also may be able to grow your location from the retail and commercial sales streams. Batteries Plus strives to stay ahead of technology and market evolutions, enabling you to keep offering batteries, screens, or light bulbs that need repair or replacement.
What Might Make a Batteries Plus a Good Choice?
Batteries Plus has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Batteries Plus may empower you to compete in the smartphone screen and battery repair industry and the U.S.'s huge light bulb replacement industry.
To be part of the Batteries Plus team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Batteries Plus Franchise
To get started with Batteries Plus, you will likely need to submit a franchise request form. If you are chosen to move forward, expect support from the company. Batteries Plus offers leasehold improvements, store fixtures, initial inventory, signage, equipment, and supplies for your franchise. Your business may also benefit from computer hardware and software, a delivery vehicle, and national advertising, particularly for your store's grand opening.
On acceptance, Batteries Plus may guide you with tools, support, resources, and training, as well as a well-established business system. You should have access to experts that have technical prowess in field operations, real estate, marketing, IT, and trainer support for your build-out, opening, and running of your store.
'Watt' are you waiting for? Get started with Batteries Plus and reach out today!
Company Overview
About Batteries Plus
Industry | Retail |
---|---|
Related Categories | Miscellaneous Retail Businesses,Miscellaneous Automotive Products & Services,Tech Businesses |
Founded | 1988 |
Parent Company | Freeman Spogli & Co. |
Leadership | Scott Williams, CEO |
Corporate Address | 1325 Walnut Ridge Dr. Hartland, WI 53029 |
Social | Facebook,LinkedIn,Instagram,YouTube |
Business Overview
Franchising Since | 1992(31 years) |
---|---|
# of employees at HQ | 1,064 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees in the following international regions: Canada, Mexico |
# of Units | 731(as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Batteries Plus franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$49,500 |
---|---|
Initial Investment |
$197,400 - $465,600 |
Net Worth Requirement |
$350,000 |
Cash Requirement |
$150,000 |
Veteran Incentives |
$10,000 off franchise fee |
Royalty Fee |
5% |
Ad Royalty Fee |
1% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Batteries Plus has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | Ongoing |
---|---|
Classroom Training | 80 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
#运行所需的员工 | 5-8 |
Are exclusive territories available? |
Yes |
Franchise 500 Ranking History
Compare where Batteries Plus landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Batteries Plus ranked on other franchise lists? Find out below.
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