Batteries Plus logo

Batteries Plus

Batteries, light bulbs, and related products; device repair

Investment

$262,646

Initial Franchise Fee

$44,500

Units

739

Growth Rate

+1.9%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Retail
Founded 1988
Franchising Since 1992
Parent Company Freeman Spogli & Co.
Leadership Joe Malmuth, CDO
# of Employees at HQ 1056

Units and Growth Chart

About Batteries Plus

Batteries Plus is one of the largest battery, phone, tablet, light bulb, and fob repair franchises in the United States. Founded in 1988 and based in Hartland, Wisconsin, this franchise operates over 600 U.S. and Puerto Rico locations.

Batteries Plus is one of the first enterprises to effectively respond to the growing battery replacement market and its evolving needs. As a Batteries Plus franchisee, you'll be providing in-store battery replacements, tablet and phone repair, lighting bulb sales, and much more. You'll have access to thousands of battery types, device screens, bulbs, and accessories provided to offer retail, commercial, or government customers whatever they may need.

Why You May Want to Start a Batteries Plus Franchise

Batteries Plus strives to carry exceptional national brands, from batteries covering all applications and standard types to specialty function light bulbs. Batteries Plus stocks hard-to-find products, utilizing business practices with expert know-how to provide quality customer service.

Many industries may rely on Batteries Plus, including healthcare, construction, military, and hospitality. Batteries Plus repairs many phones, tablets, gaming consoles, and e-reader batteries in less than an hour, with their on-site locations available nationwide.

Offering multiple services in one place may make opening a Batteries Plus franchise a unique opportunity, as it could serve as a one-stop-shop solution for consumers. As a franchisee, you also may be able to grow your location from the retail and commercial sales streams. Batteries Plus strives to stay ahead of technology and market evolutions, enabling you to keep offering batteries, screens, or light bulbs that need repair or replacement.

What Might Make a Batteries Plus a Good Choice?

Batteries Plus has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Batteries Plus may empower you to compete in the smartphone screen and battery repair industry and the U.S.'s huge light bulb replacement industry. 

To be part of the Batteries Plus team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Batteries Plus Franchise

To get started with Batteries Plus, you will likely need to submit a franchise request form. If you are chosen to move forward, expect support from the company. Batteries Plus offers leasehold improvements, store fixtures, initial inventory, signage, equipment, and supplies for your franchise. Your business may also benefit from computer hardware and software, a delivery vehicle, and national advertising, particularly for your store's grand opening. 

On acceptance, Batteries Plus may guide you with tools, support, resources, and training, as well as a well-established business system. You should have access to experts that have technical prowess in field operations, real estate, marketing, IT, and trainer support for your build-out, opening, and running of your store.

'Watt' are you waiting for? Get started with Batteries Plus and reach out today!

Investment Details

Initial Franchise Fee $44,500
Initial Investment $262,646 - $496,996
Net Worth Requirement $350,000
Cash Requirement $150,000
Royalty Fee 5%
Ad Royalty Fee 4%
Technology Fee $472/mo.
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive $10,000 off first-store franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training 100+ hours
Classroom Training 108 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? No
Can this franchise be run part time? No
# of employees required to run 5-8
Are exclusive territories available? Yes

Ranking History

Batteries Plus performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022