Top 250 Franchise by Entrepreneur – Rank no.71 – Batteries Plus Bulbs – US
Products & Services: Batteries, light bulbs & related products
Number of Locations: 569
Total Investment: $193.58K – 410.04K
Began Franchising: 1992
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.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $37,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $350,000
Liquid Cash Available: $100,000
62% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 – 4. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
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How This Franchise Supports Franchisees
Franchise Ranking History
With the opening of the first all battery retail store in 1988 in Green Bay, Wisconsin, Batteries Plus Bulbs quickly became the uncontested leader in the battery and light bulb markets, differentiated by superior knowledge, product availability, and expertise.The initial offering of products and services consisted primarily of automotive type “SLI” batteries, alternators, starters, regulators, belts panda limited selection of specialty batteries, related accessories and tools. As our reputation for solving battery problems grew, and the demand for supplying “specialty” batteries increased, it became evident that our real opportunity was to increase our overall selection of batteries. This ultimately enabled us to be known as the source for all battery needs and gave us the impetus to grow our business and our brand. Our first franchise retail store opened in 1992 in Ft. Wayne, Indiana.
In 2010 Batteries Plus Bulbs added light bulbs to its unique offering of products providing one source for power needs. Batteries Plus Bulbs stores are now stocking the most popular light bulbs and hundreds of specialty light bulbs. We can fulfill virtually any light bulb or battery request from consumers and businesses alike. Today, Batteries Plus Bulbs is the nation’s largest franchise of its kind, offering a comprehensive selection of batteries, light bulbs, related products and technical support that meet increasing demands.
With over 25 years of experience and 550+ locations in 46 states, Batteries Plus Bulbs has the expertise to help you start your business..