Batteries Plus Bulbs
#147

Initial Investment

LOW: $186,702
HIGH: $370,000

Change in Units

+3.9% +26 UNITS (1 Year)
+20.6% +117 UNITS (3 Years)

Company Profile

Founded

1988

Franchising Since

1992 (25 Years)

Corporate Address

1325 Walnut Ridge Dr. Hartland, WI 53029

CEO

Russ Reynolds

About Batteries Plus Bulbs

The first Batteries Plus store opened in Green Bay, Wisconsin, in 1988. In 2013, the company changed its name to Batteries Plus Bulbs. Stores offer a selection of over 45,000 batteries, light bulbs and related products and services.

Financials

Financial Requirements

Initial Investment

$186,702 - $370,000

Net-worth Requirement

$400,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$37,500

Ongoing Royalty Fee

5%

Ad Royalty Fee

1%

Financing Options

Batteries Plus Bulbs offers in-house financing to cover the following: startup costs, equipment, inventory

Batteries Plus Bulbs has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Veteran Incentives


$10,000 off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 10 days

Training at headquarters: 3 weeks

Additional Training: Ongoing

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 4

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 25th, 2017

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