Batteries Plus Bulbs
#147

Initial Investment

LOW: $211,552
HIGH: $406,759

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

Parent Company

Freeman Spogli & Co.

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

$211,552 - $406,759

Net-worth Requirement

$350,000

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 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: 17 days

Additional Training: Periodic store visits & regional meetings; business-to-business sales training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 3 - 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: August 25th, 2016

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