4 Things to Look for in a Retail Franchise in 2023

retail franchise

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As we continue into the new year, many aspiring entrepreneurs are eager to explore the opportunities 2023 will hold. For first-time and seasoned entrepreneurs, franchising offers a reliable retail business opportunity

From customer loyalty to specialty products, all-inclusive support, and overall resiliency, there are many things to consider when deciding which retail franchise is the best fit for you.

Inside a Batteries Plus store

Customer Loyalty

When there is still much uncertainty in the global economy, customer loyalty will help determine which brands sink or swim. With over 30 years in franchising, Batteries Plus essential retail franchise business has grown into an instantly recognizable brand that customers know they can trust.

Through our comprehensive training programs, our franchisees and employees become experts at providing long-lasting solutions, and with personalized service comes ongoing relationships that keep customers coming back throughout the years.

A Competitive Edge

With dozens of retail franchise opportunities available, assessing how each one stands out from competitors is crucial. Customers are looking for businesses they can count on to solve their everyday problems, and Batteries Plus does just that.

Over the last few years, retail franchises have had to look at what they are doing to compete with online marketplaces like Amazon. This is where Batteries Plus shines. With hundreds of specialty products that can’t be found anywhere else, our franchise has proven sustainable time and time again. 

Our in-store experts can also answer any questions a customer has about a product and provide custom solutions for their problems. Plus, our e-commerce site and integrated system allow customers to easily order any item for pickup at one of our 700+ locations.

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Economic Resiliency

After the COVID-19 pandemic, more entrepreneurs realized just how important it is to be in an essential industry and be able to maintain profitability during unprecedented times.

While many retail franchise businesses struggled with supply chain issues and inventory shortages, Batteries Plus’s established vendor relationships and proactive product ordering allowed franchisees to stay fully stocked and fulfill customer demand.

Retailers with multiple revenue streams will also come out on top and between our in-store sales, e-commerce site, B2B national accounts, and a system set up for multi-unit ownership, franchisees can reap the benefits of a profitable franchise opportunity.

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A Solid Support System

Many factors make franchising so reliable – and an unbeatable support system is one of them. From initial training and ongoing support in areas like real estate, research and development, your point of sale system, B2B sales, marketing, and quality assurance, franchisees can be confident that their business will run smoothly and successfully throughout its lifetime.

Are you looking for a dependable retail franchise opportunity for 2023? Click here to learn more about opening a Batteries Plus in your area!

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