FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
|Liquid Capital Required:||$100,000|
|Net Worth Required:||$350,000|
|Total Investment:||$189,250 - $366,350|
|Financing:||Via 3rd party|
|Incorporated Name:||Batteries Plus, L.L.C.|
|Home Office:||Hartland, Wisconsin|
|Awards:||Entrepreneur® Magazine Franchise 500 2019 – Ranked #114 overall 2018 – Ranked #118 overall 2017 – Ranked #147 overall; ranked #1 in Battery category 2016 – Ranked #75 overall; ranked #1 in Battery category 2015 – Ranked #72 overall; ranked #1 in Battery category 2014 – Ranked #79 overall; ranked #1 in Battery category; ranked #63 on Fastest-Growing Franchises list 2013 – Ranked #71 overall; ranked #1 in Battery category 2012 – Ranked #71 overall; ranked #1 in Battery category; ranked #21 in Fastest-Growing Franchises list 2011 – Ranked #77 overall; ranked #1 in Battery category|
About Batteries Plus Bulbs
Batteries Plus Bulbs is the nation's largest and fastest-growing battery, light bulb, key fob and phone/tablet repair franchise, with a nationwide network of more than 725 stores. Batteries Plus Bulbs franchise owners' success comes in the form of multiple revenue streams, including retail, business accounts, national accounts, and eCommerce. We offer unmatched service to consumers, businesses, and government entities at the national and local levels. In 2014 and 2015 we were named as one of the Top 10 Best Franchises to Buy in America by Forbes, within our investment category, and the #1 franchise in the battery category by Entrepreneur magazine for the last seven years.
Values & History
Our story began in 1988 with a single store. Located in Green Bay, Wisconsin, the team at Batteries Plus (the "Bulbs" part came later) set out with a simple mission: To serve their customers' needs through a combination of quality products and superior technical knowledge.
The concept caught on, and over 30 years later we still have superior quality standards, service, and technical knowledge, but our franchisees are so much more than that. They're good neighbors and supportive community members. They're the folks who shop at your grocery store and send their kids to school with yours. They're proud to tell you that their businesses are locally owned, and how important that is to their customers who trust them to change their car battery, light their school's gymnasium, and fix the phones that keep them connected. That's a pretty amazing thing to be a part of, don't you think?
With our multifaceted business approach, Batteries Plus Bulbs represents four major industries, including products and services related to batteries, light fixtures, device repair, and key fob repair. Combined, this represents an annual industry value of $60.2 billion...and growing! Our award winning franchise model capitalizes on the ongoing needs of customers to power and light their lives, with an average revenue for the top quarter of our stores in 2018 landing at $1,394,889. Ranked by Entrepreneur in 2019 on the Franchise 500 list, Batteries Plus Bulbs is truly the smart choice for all prospective franchise owners.
Purchasing a Batteries Plus Bulbs Franchise
To financially qualify to purchase a Batteries Plus Bulbs franchise, you'll need a minimum net worth of $350,000 and at least $100,000 in liquid assets. Liquid assets can include any combination of cash, stocks, bonds, mutual funds, retirement accounts, or any other non-borrowed source. If you want or need, a co-applicant may assist in meeting this requirement. Total startup costs range from $189,250 to $366,350 and fees include a 5% Royalty Fee and 1% National Marketing Fee.
Ideal Candidate & Qualifications
Our franchisees come from all walks of life, but the experience and job skills that set folks apart include sales and retail experience and true dedication to, and passion for customer service. Those things, combined with drive, initiative, and a willingness to get in there and do the work, will help set you on the path to success.
Training & Support
TrainingInternal experts in their respective areas will go step-by-step to train you in retail management, commercial sales and device repair. You'll get business coaching whenever you need it, and our online learning system keeps the training coming, even after your store is up and running. You and your team will continue to learn and engage via our world-class online university, empowerYOU. Reinforce the basics, learn about new procedures and products and even earn additional certification in designated areas of the business.
- Access to our fully stocked 150,000 sq. ft. warehouse facility, where every product we carry is available to you at a moment's notice
- Quality Assurance--Our team does the hard work of auditing vendors and manufacturers and testing products to ensure they meet our high standards
- Marketing...it's all done for you!
- Information Technology: You'll benefit from the most robust proprietary systems to help with sales, inventory, communication, training, and HR. And we're continuously developing more.