The decision to buy a franchise is a serious investment. Before you invest, you want to know that the business you buy into will remain resilient in the years ahead. Batteries Plus is proud to announce that we’ve recently been inducted into Entrepreneur Magazine’s Franchise 500 Hall of Fame.
What is the Franchise 500?
Each year Entrepreneur Magazine selects North America’s top franchises for inclusion in their 500 list. These brands are evaluated in 4 categories: Cost & Fees, the amount of Support that they offer, their Size & Growth Rate, along with their overall Brand Strength.
The Hall of Fame is made up of franchise businesses that have ranked in every Franchise 500 for at least the last 25 years. In the case of Batteries Plus, we have made the list for an impressive 29 years, starting way back in 1995. Over the past 2 years, we’ve even climbed 122 spots on the list.
Staying Essential is the Secret to Batteries Plus’ Success
At Batteries Plus, the key to our success is that we’re essential. Everyone relies on batteries and lighting. It is a multi-billion dollar market that touches every individual and industry. Over the past 25 years, the role of batteries has increased dramatically in society, with cell phones, tablets and electric vehicles all relying on new battery technology. This dependence on batteries is expected to grow dramatically over the next 5 years. According to a recent article published by Yahoo Finance, the battery market is expected to expand from $95.7 billion in 2022 to $136.6 billion by the year 2027.
Batteries, however, are only part of what we offer. We also have over 15,000 home and industrial lighting solutions and offer a number of convenient services, including tablet and cell phone repair, auto battery installation, as well as key cutting and key fob replacement service.
Batteries Plus Owners Build Additional Business Through Industrial Customers
One of the best advantages of owning a Batteries Plus is the ability to build additional business through commercial sales. B2B sales offer a nearly endless opportunity to build your business. Batteries Plus currently has over 250,000 commercial account customers and the top 50% of our commercially engaged owners earned an average of $1,563,859 in sales*.
Here is a list of some of the key industries that rely on us:
- Facility Management
- Fire & Security
- Local & Federal Governments
- Property Management
- Religious Organizations
Batteries Plus Offers World-Class Support to its Franchisees
Support is key to the Batteries Plus experience. From day one, you’ll have access to a comprehensive network of support systems that last the life of your business. We have experts that help walk you through everything from selecting the right store site, to tackling lease negotiations, to setting up your store.
Once your store is up and running, you’ll continue to be supported by POS and product support services, IT experts, customer care centers, an in-house marketing department and commercial sales coaches that will help teach you techniques to secure commercial customers.
Batteries Plus is On the Rise
Batteries Plus has expanded significantly since we first made the Franchise 500, growing from a mere 25 stores in 1995 to over 700. Over the past 2 years alone, we have signed 148 franchisees and opened 66 new stores throughout the country.
Are you interested in investing in a franchise with a proven track record of success? Click here for more information on how to open a Batteries Plus store of your own.
*The $1,563,859 in average net revenue for commercially engaged stores is based on net sales information of 83 Batteries Plus® stores in the top 50% of the 166 commercially engaged Batteries Plus® stores in operation during the entire 2022 calendar year. The average net revenue of the 83 Batteries Plus® stores in the bottom 50% of the 166 Batteries Plus® stores in operation during the entire 2022 calendar year was $724,386. There is no assurance, however, that you will do as well. See Item 19 of our 2023 FDD for further details.