Start a Batteries Plus Franchise in 2024

2024 Franchise 500 Rank: #311 Ranked #351 last year

Initial investment: $197K - $466K

Units as of 2023: 731 3.7% over 3 years

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!

Company Overview

About Batteries Plus

Industry	Retail
Related Categories	Miscellaneous Retail Businesses, Miscellaneous Automotive Products & Services, Tech Businesses
Founded	1988
Parent Company	Freeman Spogli & Co.
Leadership	Scott Williams, CEO
Corporate Address	1325 Walnut Ridge Dr. Hartland, WI 53029
Social	Facebook, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	1992 (32 years)
# of employees at HQ	1,064
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada, Mexico
# of Units	731 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Batteries Plus franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$197,400 - $465,600
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$350,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$150,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$10,000 off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Ongoing
Classroom Training	80 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

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	5-8
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes