We are the nation’s largest and fastest-growing battery, light bulb, key fob and phone/tablet repair franchise, with a nationwide network of more than 720 stores. Our stores cater to customers from all ages and demographics, as well as an enormous number of commercial businesses, providing them with essential products and services that remain vital even in challenging economic times. Customers love what we do across America, and our customer satisfaction scores far outpace benchmarks in specialty retail. Plus, you’ll profit from multiple revenue streams, including brick and mortar sales, commercial customers, national accounts and eCommerce transactions. If you’ve been dreaming of the freedom and financial benefits of owning your own business, consider Batteries Plus.
But you don’t have to take our word for it. Over the past 30 years, Batteries Plus has been recognized as a leading franchise by many industry accredited publications, including Forbes® magazine, Franchise Times® and Entrepreneur®.
Why Customers Choose Us
As a Batteries Plus owner, you’ll serve a wide variety of customer needs, ranging from simple fixes like car battery installation, to providing power and lighting products to hospitals, manufacturers, municipalities and other commercial businesses.
Over the years, we’ve continued to expand our selection of products and services to include expert tablet and cell phone repair service, key fob programming/replacement and, most recently, smart home innovation. You’ll provide these services to your customers, along with additional offerings like car battery replacement, battery testing, battery pack rebuilding and spare key cutting.
But that’s not all. You can also build additional business through commercial accounts. Business to business sales represent an enormous source of potential revenue, with an impressive number of industries relying on the types of products and services you’ll offer.
Our company is backward integrated with a strong product supply chain that goes back to the manufacturer. This enables us to ship more than 9,000 products from our warehouse facility to anywhere within the U.S. in 1-2 business days. This centralized distribution center ensures that anything your customers need is within easy reach, allowing you to build a happy, loyal customer base.
Batteries Plus is built on a number of multi-billion dollar markets, including the $32 billion/year batteries industry, the $22 billion/year light bulb industry, the $4 billion/year cell phone repair industry and the $2 billion/year key fob replacement business.
Best of all, as a needs-based business, you’ll be largely insulated from fluctuating markets. Lighting, power and digital devices are not luxuries, they’re necessary items that play an essential role in customers’ lives. Even in unusual situations we are able to adapt quickly to meet the needs of changing market and business conditions. For instance, during the recent Coronavirus outbreak, our stores were able to transition to contact-free curbside pickup transactions in a mere 48 hours.
As a franchise owner, you’ll also have the opportunity to profit from multiple revenue streams, including consumer retail sales, accounts you build with commercial businesses, as well as national accounts and even online eCommerce sales.
To purchase a Batteries Plus franchise, you’ll need a minimum net worth of $350,00 and at least $100,000 in liquid assets. If you are looking for financing options, there are a variety of funding options available to you. We have well-established relationships with lenders that provide new business owners with franchise financing.
Small Business Administration (SBA) lenders are another excellent source of funding. You can also leverage your investment portfolio by converting capital invested in other companies into your own business. Likewise, home equity and retirement fund loans are viable financing sources. One final option is to seek out a business partner. Partnerships allow you to pool your financial resources with another individual, making it easier to qualify for loans and bringing a different set of skills to your new venture.
Let’s talk numbers. The average revenue for the top quarter of our stores is $1,359,229*. The average merchandise margin for these stores is 52.9%*. We also have a Combined Annual Industry value of $60.2 billion.
*Net revenue average of $1,359,229 and average merchandise is based on the net sales average for the 156 stores that represent the top 25% of all 627 stores open during the entire 2019 calendar year. See Item 19 of our 2020 FDD for further details.
Single Unit & Multi-Unit Options
While many owners operate a single store, over 85% of our top quartile of stores belong to multiple-unit owners. Batteries Plus is ideal for multi-unit investing. Our selection of stable, diverse products and services offers high revenue volume opportunities in several multi-billion dollar growth markets. Our stores require a relatively small staff. Plus, we continue to innovate by investing in new systems and technologies like smart home innovation.
Year after year, many of our franchisees reinvest in expanding their business by opening additional locations. We can’t think of a more compelling endorsement of our business model than that.
If you think that Batteries Plus might be the right fit for you, please fill out the form to receive more information.