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Entrepreneur: Start & Grow Your Business

Batteries Plus

Batteries & related products

Background

Founded: 1988 Franchising since: 1992
The first Batteries Plus store opened in Green Bay, Wisconsin, in 1988. Batteries Plus now has stores throughout the country selling batteries for everything from cell phones to aircraft with on-site Tech Centers that design, assemble and test battery systems. Customers include individual consumers and commercial clients such as manufacturers, service businesses and government agencies.
925 Walnut Ridge Dr.
Hartland, Wisconsin 53029
Phone:
(800)274-9155


Franchisor is a privately-held company with 70 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 332 0 0 21
2008 315 0 0 17
2007 283 0 0 15
2006 254 0 0 14
2005 231 0 0 14

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 3-mile radius

Costs and Fees

Total investment: $153K-303.1K
Franchise fee: $37.5K
Ongoing royalty fee: 4%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $75K+
Business Experience:
  • General business experience
  • Marketing skills
  • People skills

Operations
  • 62% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 4
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 weeks
  • At franchisee's location: 3 weeks
  • Periodic store visits & regional meetings

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks

Other marketing support
  • TV & radio spots, POP, catalogs & literature

Rankings

Franchise 500® rank:
#122 (2009); #146 (2008); #133 (2007); #160 (2006); #134 (2005);

Fastest-Growing Franchises:
#99 (2009);

America's Top Global Franchises:
#122 (2008);