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Description

How to Open a Batteries Plus Franchise?

To embark on your journey to owning a Batteries Plus franchise, begin by submitting an ownership application. Following this, you will review the franchise's comprehensive executive summary, which will aid you in preparation for an initial phone discussion with a franchise representative. If selected, you will participate in interviews and site visits before being invited to a discovery day at the headquarters in Hartland, Wisconsin. This event allows you to engage with current franchisees and meet key executives. Successful completion of these steps may lead to being awarded a franchise location, where you will offer a variety of batteries, light bulbs, and device repair services.

What Costs Are Associated with Opening a Batteries Plus Franchise?

Opening a Batteries Plus franchise involves an initial franchise fee of $44,500 for a single-store agreement. If you opt for a multiple-unit agreement, the fee decreases for subsequent stores, starting at $39,500 for the second store and further reducing to $29,500 for the fourth and beyond. Besides the franchise fees, additional costs include a Retail Management System access fee of approximately $38,968 and an Omni-Channel Program fee of $10,000, which may not be applicable for certain franchise renewals. Be prepared for ongoing costs such as royalties, which are a percentage of your gross sales, along with marketing and operational expenses.

Why Become a Batteries Plus Franchisee?

Batteries Plus stands out in the retail and commercial distribution of batteries and related products, with over 700 locations across the U.S. and Puerto Rico. The brand is known for its extensive product range, including device repair services, making it an appealing choice for entrepreneurs looking for a retail opportunity in a growing market. Franchisees benefit from ongoing support, training, and a comprehensive operations manual that guides them through day-to-day operations. A shared passion for customer service and quality products can help franchisees build a loyal customer base and achieve financial success.

Is a Batteries Plus Franchise Right for You?

The success of a Batteries Plus franchise heavily depends on the franchisee's commitment to maintaining high operational standards and customer service. With a competitive retail environment, you should assess your local market's needs and potential competition. The franchise's established brand and proven business model can provide a solid foundation for success, but it’s crucial to evaluate whether you have the necessary capital, operational skills, and the desire to engage with customers in a retail setting. Considering the franchise's history and the support system in place can help you make an informed decision about this opportunity.

Batteries Plus Bulbs Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Retail Franchises
A more specific division within the broader industry.

Category

Specialty Retail
Available financing options to help start the franchise.

Funding Year

1996
The main organization that owns the franchise brand.

Parent Company

Batteries Plus, L.L.C.
The key individuals guiding the franchise’s strategy and growth.

Leadership

Scott Williams
The official business address of the franchisor’s headquarters.

Corporate Address

1325 Walnut Ridge Drive, Hartland, Wisconsin 53029
The total amount required to launch the franchise.

Initial Investment

$252,286 - $493,836
The initial fee paid to join the franchise system.

Franchise Fee

$44,500
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

1%
The minimum liquid capital you must have on hand.

Cash Required

$100,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$100,000 - N/A
The typical yearly revenue generated per franchise location.

Average Revenue

$887,757
The middle value of yearly revenue among franchise locations.

Median Revenue

$773,445
The smallest reported annual revenue among franchisees.

Lowest Revenue

$176,032
The largest reported annual revenue among franchisees.

Highest Revenue

$7,773,199
The estimated timeframe to recover your initial costs.

Breakeven Time

15 Months
The estimated period to recoup your total investment.

Investment Payback

29 Months

Batteries Plus Bulbs Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

722
The number of locations owned by independent franchisees.

Franchised Units

606
The number of locations owned and run by the franchisor.

Corporate Units

116
Units 2021 2022 2023
Total Units 702 721 722
Net Change YoY 19 1
Franchised Units 590 609 606
Net Change YoY 19 -3
Corporate Units 112 112 116
Net Change YoY 0 4

Company Background

Batteries Plus Bulbs is a retail franchise that specializes in batteries, light bulbs, and related products. Founded in 1988, the company has grown to over 700 locations in the United States. Batteries Plus Bulbs serves both consumers and businesses, offering a wide range of products including automotive batteries, smartphone batteries, and energy-efficient lighting solutions. The brand is committed to providing exceptional customer service and expert advice to help customers find the right solutions for their power needs.

Franchise Opportunity

Investing in a Batteries Plus Bulbs franchise presents a unique opportunity to enter a growing market. With the increasing demand for battery and lighting solutions across various industries, franchisees can benefit from a well-established brand and proven business model. The franchise offers comprehensive training and ongoing support, equipping new owners with the tools they need to succeed. This franchise is ideal for entrepreneurs who are passionate about technology and customer service, looking to build a rewarding business in their community.

Corporate Structure

Batteries Plus Bulbs is operated by Batteries Plus LLC, which was established in 1988. The company was originally founded in Green Bay, Wisconsin, and has since expanded its corporate headquarters to Hartland, Wisconsin. Batteries Plus LLC oversees franchise operations, ensuring that all locations adhere to the brand’s high standards of service and product quality. The company is dedicated to supporting franchisees with training programs, marketing resources, and operational guidance.

Royalties

Franchisees of Batteries Plus Bulbs are required to pay an ongoing royalty fee of 5% of gross sales. Additionally, there is a marketing contribution of 2% of gross sales, which funds national marketing efforts to promote the brand. These fees are essential for maintaining brand visibility and ensuring that franchisees benefit from collective marketing initiatives. Understanding these financial commitments is crucial for prospective franchisees to ensure they can meet ongoing operational costs.

Company Mission

The mission of Batteries Plus Bulbs is to provide customers with the power solutions they need while delivering top-notch service and expertise. The company strives to be the go-to source for batteries and lighting, offering an extensive selection of products for both consumers and businesses. Through continuous innovation and a commitment to customer satisfaction, Batteries Plus Bulbs aims to empower their customers to solve their energy challenges efficiently and effectively.

Brand Story

Batteries Plus Bulbs began its journey in 1988 when founder Russ Reynolds recognized a gap in the market for reliable battery and lighting solutions. Starting as a small retail outlet, the brand quickly gained popularity for its wide selection and knowledgeable staff. Over the years, the company has evolved, embracing technological advancements and expanding its offerings to include a variety of power solutions. Today, Batteries Plus Bulbs stands as a leader in the industry, known for its commitment to quality, customer service, and innovation, making it a trusted choice for energy solutions across the nation.

Frequently Asked Questions

The initial investment to open a Batteries Plus franchise typically ranges from $240,000 to $470,000. This estimate includes costs for equipment, inventory, signage, and leasehold improvements.