2020 was a banner year for Batteries Plus franchises. While many industries took a hit during the pandemic, many of our stores thrived – and we continued to open new locations. Here, learn more about why our business model was able to provide steady growth while others were in decline.
High Demand for Our Products
During crises like the pandemic, people want to stock up on the supplies they need to ensure they can live comfortably even in a state of emergency. Our wide selection of batteries (to power everything from cars, to RVs, to small devices), car accessories, and services like smartphone repair were in especially high demand as people hunkered down at home. Our warehouse and streamlined ordering system make it easier than ever for Batteries Plus franchisees to keep their stores stocked with the in-demand products their customers want.
New Franchise Growth
Perhaps because of the strong demand for our products, 2020 was a growth year for Batteries Plus franchises, even as other businesses struggled to break even. We were on track to open 20 new stores by the end of 2020 and even struck the largest multi-unit deal in our company’s history. Our CEO, Scott Williams, explains:
At the outset of the pandemic, we braced for the impact on the retail sector but are extremely pleased to see our performance remain stable with double-digit growth in e-commerce . . . It’s been a steady upward climb with strong numbers starting mid-to-late April, with July being our best July ever and our eighth-best sales month in company history. The dedication and grit our franchise stores have shown throughout this tough economic time have been impressive, and now new candidates are taking notice of our strong business model.
We’ve loved seeing how many new franchisees are discovering the power of the Batteries Plus system. Is there a strong demand for batteries, smart home devices, car accessories, and phone repair in your community? If so, Batteries Plus could be a great opportunity for you.
What Does It Take to Open a Batteries Plus Franchise Location of Your Own?
If you’re serious about starting your own business and are ready to put in hard work, you could be a perfect fit for Batteries Plus. Opening a new location requires you to put time and effort into mastering our business model, finding the right location, building a marketing campaign, and so forth. Of course, you can look forward to our support every step of the way.
The investment in a new Batteries Plus franchise ranges from $199,025 to $361,200. Franchisees are welcome to seek financing to help cover some of the initial costs.
Interested in learning more about why more and more franchisees are choosing Batteries Plus? Contact us today.